Heating is one of the biggest bills Canadians pay during the winter months, and more than seven million households still rely on oil, propane, diesel, electric baseboards, or outdated furnaces that can be more expensive and inefficient.
Today, the Prime Minister and Minister Dabrusin announced a landmark $2 billion investment to support one million home retrofits across Canada, helping Canadians lower their energy costs while reducing emissions.
As part of this investment, the government is launching a new National Heat Pump Rebate to help up to 820,000 households install more efficient electric heat pumps and lower the up-front cost of making the switch. For families heating their homes with oil or electric baseboards, switching to a heat pump can save more than $1,400 a year on average.
The government is also working with the Canada Mortgage and Housing Corporation and the Canada Infrastructure Bank to help apartment building owners retrofit 280,000 units over the next eight years, helping more Canadians benefit from lower energy use and lower costs. We will also renew the Deep Retrofit Accelerator Initiative to help building owners tackle complex retrofits by guiding them from planning through to implementation.
Together, these measures will deliver on the commitment in the Electricity Strategy to support over one million home retrofits and this will reduce Canada’s emissions by over 25 megatonnes – helping Canadians save on their bills while building a cleaner, more affordable, and more reliable energy system.
Key Messages
We are helping Canadians make one switch with two wins: a warm home they can afford, powered by clean Canadian energy.
This $2 billion investment will help deliver one million home retrofits across Canada, lowering energy costs for Canadians while reducing emissions.
The new National Heat Pump Rebate will make it easier for households to switch to more efficient electric heat pumps and lower the up-front cost of making the change.
For families heating with oil or electric baseboards, switching to a heat pump can save more than $1,400 a year on average.
We are also helping retrofit 280,000 apartment units, so more Canadians can benefit from more energy-efficient homes and lower energy use.
By putting Canada’s clean electricity advantage to work, we can lower costs, reduce emissions, and build a stronger, more sustainable economy.
