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Compare heat pumps, furnaces and rebate programs

Every comparison puts sourced installed costs next to the rebates that apply today, and says plainly what each option is bad at.

By Sajjad P. · Checked against official program pages (how we verify)

Updated

On this page
Short answer

Pick the comparison closest to your decision. Each one shows installed costs with their source, the rebates open in your province from our program database, and whether you can combine the two options.

Key facts

What's on the comparison pages
FactDetail
Comparisons16
Cost figuresFrom named sources (banks, utilities, price guides); installer estimates are labelled
Rebate amountsLive from our program database, with the date each was verified
Programs referenced24

What's on the comparison pages

Program data last verified

RebateHub, “Compare heat pumps, furnaces and rebate programs”, https://rebatehub.ca/compare#key-facts (last verified October 17, 2026).

Add up your heat pump rebates

What are you upgrading?
How do you heat now?

Your rebate stack

Ontario · Heat pumps

1 program

1 program in Ontario add up to $2,000–$7,500. Plus $2,000 when the National Heat Pump Rebate opens. Plus 7 loan programs.

Could add up to

Depends on how you heat

$2,000–$7,500

+ $2,000 when the National Heat Pump Rebate opens

See my full stack

Verified against official sources ·

How it adds up

Federal
  • National Heat Pump Rebate+ $2,000

    Cold-climate air-source heat pump (other eligible homeowners) · Rebate · Not open yet · not in the total

Provincial
Municipal

City loans in 7 Ontario cities, from about $53/month per $10,000 · not counted

Program maximums for an air-source heat pump. Ground-source systems can get more. Your amount depends on your home and the equipment. City-only programs aren’t counted in the total.

3 income-qualified programs hidden.

Heat pump vs furnace, by province

Heating systems and heat pump types

Rebate program vs rebate program

Also: LogisVert vs Rénoclimat and National Heat Pump Rebate vs OHPA.

Frequently asked questions

From named sources such as RBC, BC Hydro and published price guides, each with its date. Installer and quote-site figures are labelled as installer estimates. They are typical ranges, not quotes.

Running costs depend on your rates, insulation and climate. We quote only study averages with their source, and the finder lets you work from your own quote.

Sources

Last updated . Amounts and rules come from the official program pages below. If something has changed, please tell us.

  1. 1National Heat Pump Rebate · Government of Canadacanada.ca
  2. 2Home Renovation Savings Program · Save on Energyhomerenovationsavings.ca
  3. 3Home Renovation Rebate Program · BC Hydro and FortisBC, with funding from the Province of B.C.bchydro.com
  4. 4LogisVert Efficient Homes Program · Hydro-Québechydroquebec.com
  5. 5Efficiency Manitoba Cold Climate Air Source Heat Pump Rebate · Efficiency Manitobaefficiencymb.ca
  6. 6SaskEnergy Residential Equipment Replacement Rebate Program · SaskEnergysaskenergy.com
  7. 7Energy Affordability Program · Save on Energysaveonenergy.ca
  8. 8Home Energy Loan Program · City of Torontotoronto.ca
  9. 9BetterHomesTO Furnace Upgrade Program · City of Toronto, with Toronto Hydrotoronto.ca
  10. 10Clean Energy Improvement Program (Alberta) · Alberta Municipalities, on behalf of participating municipalitiesceip.abmunis.ca
  11. 11City of Calgary Residential Clean Energy Improvement Program · City of Calgarycalgary.ca
  12. 12City of Edmonton Residential Clean Energy Improvement Program · City of Edmontonedmonton.ca
  13. 13RénoPlex – Renovation Subsidies for Buildings with 1 to 5 Dwellings · City of Montréalmontreal.ca
  14. 14Énergir Dual-Energy Grants (heat pump added to a natural gas system) · Énergir, with Hydro-Québec and the Government of Québecenergir.com
  15. 15CleanBC Energy Savings Program (ground-oriented homes) · Province of B.C.betterhomesbc.ca
  16. 16FortisBC Heat Pump Rebate for Income-Qualified Customers · FortisBCfortisbc.com
  17. 17PST Exemption on Heat Pumps · Province of B.C.www2.gov.bc.ca
  18. 18Manitoba Hydro Home Energy Efficiency Loan · Manitoba Hydrohydro.mb.ca
  19. 19Affordable Home Energy Program: Ground Source Heat Pump Offer · Efficiency Manitobaefficiencymb.ca
  20. 20Total Home Energy Savings Program · NB Powersaveenergynb.ca
  21. 21Home Energy Assessment Program · Efficiency Nova Scotiaefficiencyns.ca
  22. 22Clean Home Heating Initiative · Enbridge Gas and the Government of Ontariohomerenovationsavings.ca
  23. 23Canada Greener Homes Grant · Natural Resources Canadanatural-resources.canada.ca
  24. 24Home Winterproofing Program · Enbridge Gasenbridgegas.com
  25. 25RBC, May 2024rbcroyalbank.com
  26. 26RenoQuotes, Sept 2026renoquotes.com
  27. 27BC Hydro, April 2022bchydro.com
  28. 28Soumission Rénovation, March 2026soumissionrenovation.ca
  29. 29Soumission Rénovation, Sept 2026soumissionrenovation.ca

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