01 · What the rebate is
A federal rebate to help you switch to a heat pump.
In October 2026, the federal government announced a $2 billion National Heat Pump Rebate— a national program to help Canadian homeowners cover the cost of switching from oil, propane, diesel, electric baseboards, or an aging furnace to a modern heat pump.
The rebate is tiered: households below median income could get up to $10,000 back, and other eligible households up to $2,000. Both figures are announced ceilings — "up to," not guaranteed. It launches through an online portal in early 2027 and is retroactive to qualifying installs from this fall.
Lower-income households
As announced
Other households
As announced
Both amounts are "up to" and as announced, October 2026. Final figures and income thresholds [VERIFY] when the program opens in early 2027.