Do heat pumps save money in Canada?

Heat pumps are most cost-effective replacing electric baseboard, oil, or propane heat, often cutting heating costs 40–50%. Savings versus efficient gas are smaller.

Are there rebates for heat pumps?

Many provinces and utilities offer rebates for heat pump installations. Check current federal and provincial programs before you buy.

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Heat Pump Savings Calculator

Estimate yearly savings from switching to a heat pump.

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How to use this calculator

Enter what you spend on heating each year.
Choose your current heating system.
See your estimated annual savings with a heat pump.

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Frequently asked questions

Do heat pumps save money in Canada?: Heat pumps are most cost-effective replacing electric baseboard, oil, or propane heat, often cutting heating costs 40–50%. Savings versus efficient gas are smaller.
Are there rebates for heat pumps?: Many provinces and utilities offer rebates for heat pump installations. Check current federal and provincial programs before you buy.