Environment and Climate Change Canada canada.ca

Prime Minister Carney announces landmark investment to retrofit one million homes, cutting energy costs and emissions

Imported from official source

October 08, 2026 15:40 Announcement

The Government of Canada is investing $2 billion over eight years to deliver one million home retrofits to lower energy costs for Canadians and reduce emissions.

The Government of Canada is investing $2 billion over eight years to deliver one million home retrofits to lower energy costs for Canadians and reduce emissions. At the same time, we are doubling our grid, giving Canadians access to more affordable, reliable, and cleaner electricity than ever before.

Funding for One Million Home Retrofits Across Canada

This $2 billion investment, over eight years, will provide easy-to-access rebates to up to 820,000 homeowners installing eligible electric cold climate air source heat pumps.

Homeowners can apply quickly for the Rebate when their existing heating system breaks down and they decide to replace it with a new heat pump system. They can also apply as their existing heating system approaches end of life, and they want to make the transition before a breakdown occurs.

Some Benefits of Switching to a Heat Pump System

Average savings of more than $1,400 annually on energy bills for households heating with oil, propane and electric resistance (electric furnaces, baseboards).

Heat pumps also provide air conditioning – vital protection in increasingly frequent extreme heat events.

Households below the median income can receive up to $10,000; other eligible homeowners can receive $2,000.

To qualify for the Rebate, heat pumps must be on the ‘Eligible Products List’, an extensive selection of over 100,000 options at various price points and configurations, all suited for the Canadian climate.

Only one Rebate per person will be issued, e.g., if a landlord elects to install a heat pump in an owned property, that person cannot also receive the Rebate for a heat pump installed in their own residence.

No pre- or post-energy audits are required.

An Easy-to-Use Online Application Portal, Quick Approvals Process, and Direct Deposit Payments

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Organization: Environment and Climate Change Canada — imported from official source
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Imported: October 08, 2026 16:39
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