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Toronto home energy rebates and loans

Toronto homeowners can borrow up to $125,000 for a heat pump and other upgrades through the city’s Home Energy Loan Program (HELP). Most Toronto homes heat with natural gas, so Ontario’s Home Renovation Savings Program pays up to $2,000 for an air-source heat pump (up to $7,500 if you heat with electricity, oil or propane). The federal National Heat Pump Rebate will add $2,000, or up to $10,000 below the median income, once it opens.

Toronto’s older neighbourhoods are full of pre-war brick semis, row houses and detached homes, many of them built long before modern insulation standards. Most homes heat with natural gas, so a heat pump here is usually a fuel switch or a hybrid with the existing furnace.

Programs last verified

A pair of red-brick Victorian semi-detached houses in Toronto with gabled roofs and front porches, a slim heat pump unit on the side wall of one.

Toronto at a glance

Toronto’s own programs
2 current
Air-source heat pump, gas-heated home
$2,000$7,500 if heated by electricity, oil or propane
Heat pump financing
Up to $125,000
Current programs that apply here
12 local, Ont. and federal

Toronto’s own programs

Only for homes inside Toronto.

  • OpenMunicipal

    Home Energy Loan Program

    Toronto homeowners can borrow up to $125,000 at a fixed low rate for energy upgrades and repay it on the property tax bill over up to 20 years. Heat pump-only and solar-only projects no longer need an EnerGuide assessment.

    $125,000

    max loan

    Loan
    Last verified October 12, 2026
  • OpenMunicipal

    BetterHomesTO Furnace Upgrade Program

    Free virtual energy coaching from Toronto Hydro for Toronto residents thinking about replacing a furnace with a heat pump, with help finding rebates, financing and contractors.

    Free

    Free upgrade
    Last verified October 17, 2026
Closed Toronto programs1 program no longer taking applications, with what replaced them
  • ClosedProvincialToronto, York Region, Ottawa

    CoolSaver Program (Save on Energy Local Initiatives)

    CoolSaver offered a free central air conditioner or heat pump tune-up and $1,000 off an 18 SEER central air conditioner in parts of Toronto, York Region and Ottawa. The 2025 program closed: work orders had to be signed by October 31, 2025 and installed by December 31, 2025.

    $1,000

    max discount

    Instant discount
    Last verified October 17, 2026

How HELP works

Open

The City of Toronto's Home Energy Loan Program provides fixed-rate financing for home energy improvements, repaid through your property tax bill. Eligible work includes air-source heat pumps, geothermal, windows and doors, insulation and air sealing, high-efficiency furnaces, boilers, air conditioners and water heaters, tankless and drain-water heat recovery systems, solar PV and solar hot water, battery storage, Level 2 EV chargers and toilet replacements.

What it pays
Up to $125,000 · Loan
Who qualifies
  • Detached, semi-detached, row house, duplex, triplex or other low-rise residential building (up to 3 storeys and 6 units) in Toronto (M postal code).
  • All owners on title must consent, and your mortgage lender must give written consent.
  • No more than three instances in the past three years of property tax or utility accounts being 60 or more days overdue.
  • The total loan, including interest and the administration charge, cannot exceed 10% of the property's current value assessment or $125,000.
Steps, in order
  1. Submit the online HELP application.
  2. Get an EnerGuide home energy assessment (not needed for heat pump-only or solar-only projects), then submit a funding request with contractor quotes.
  3. Sign and return the Property Owner Agreement. You can then request up to 30% of the funds up front.
  4. Complete the work and submit the Project Completion Report with contractor invoices (and the installer attestation for heat pump-only or solar-only projects).
  5. Repay through your property tax bill: you are enrolled in the pre-authorized tax payment plan and pay 11 instalments a year. You can pay off the balance at any time.
Energy assessment
Depends on the project
Run by
City of Toronto
Official HELP page(opens in a new tab)Full details and sourcesVerified

How Furnace Upgrade Program works

Open

The City of Toronto and Toronto Hydro launched the Furnace Upgrade Program in September 2025 as part of BetterHomesTO. A Toronto Hydro energy coach gives free, personalized virtual advice on your home's heating and cooling options, explains which rebates and offers you may qualify for, and points you to contractors through Toronto Hydro's Cleantech Services Directory.

What it pays
Free energy coaching · Free upgrade
Who qualifies
  • Toronto resident, homeowner or tenant.
  • Low-rise home: detached, semi-detached, townhouse, row house or multiplex, including homes with basement or laneway suites.
Steps, in order
  1. Book a free appointment through Toronto Hydro Energy Coaching.
  2. Use the coach's advice to compare heat pump options and quotes, then apply to the rebate and loan programs that fit before you sign a contract.
Energy assessment
No
Run by
City of Toronto, with Toronto Hydro
Official Furnace Upgrade Program page(opens in a new tab)Full details and sourcesVerified

What an air-source heat pump can get in Toronto

Every rebate you could combine for an air-source heat pump in Toronto, with the city’s programs counted, if you qualify for each. Each program has its own rules about equipment, contractors and pre-approval, so treat this as the most you could get, not a quote.

Heat pump rebates in Ontario

Heat pump · Toronto

As of October 19, 2026

Heat pump rebates available in Toronto, stacked
ProgramUp to
Provincial
Home Renovation Savings ProgramCold-climate air-source heat pump (home heated by electricity, oil, propane or wood)$7,500
Municipal
BetterHomesTO Furnace Upgrade ProgramHeat pump and furnace replacement energy coachingVaries
Open today, up toProgram maximums for an air-source heat pump if you qualify for each. Loans are listed separately and never added.$7,500
When the National Heat Pump Rebate opens (not open yet)+ $2,000
Ground-source (geothermal) heat pump instead (open programs)up to $12,000

Financing

Repayable, never added to the total

Ontario and federal programs that also apply

These cover homes across Ontario or Canada, so they stack on top of the city’s own programs.

Federal programs

Run by the Government of Canada. These apply everywhere.

5 programs

  • OpenFederal

    Multigenerational Home Renovation Tax Credit

    A refundable federal tax credit worth up to $7,000 for 2026 ($7,250 for 2025) for building a self-contained secondary unit so a senior or an adult with a disability can live with a relative.

    $7,000

    max credit

    Tax credit
    Last verified October 12, 2026
  • OpenFederal

    Electric Vehicle Affordability Program

    A point-of-sale discount of up to $5,000 on a new battery-electric or fuel-cell vehicle (up to $2,500 for plug-in hybrids), applied by the dealer. Amounts drop starting in 2027.

    $5,000

    max discount

    Instant discount
    Last verified October 12, 2026
  • OpenFederal

    Home Accessibility Tax Credit

    A non-refundable federal tax credit on up to $20,000 a year of renovations that make a home safer or more accessible for a senior or a person with a disability, worth up to $2,800 for 2026 ($2,900 for 2025).

    $2,800

    max credit

    Tax credit
    Last verified October 12, 2026
  • OpenFederal

    Canada Greener Homes Affordability Program

    Federally funded, no-cost home energy upgrades for low- and median-income homeowners and tenants. You apply through your province's or utility's partner program, not through Ottawa.

    Free

    Free upgrade
    Last verified October 12, 2026
  • UpcomingFederal

    National Heat Pump Rebate

    A new federal rebate announced on October 8, 2026 that will pay $2,000 toward an eligible cold-climate air-source heat pump, or up to $10,000 for households below the median income. Applications are not open yet.

    $2,000

    max rebate

    Up to $10,000 if income-qualified

    Rebate
    Last verified October 12, 2026

Ontario programs

Run by the provincial or territorial government or its energy agency.

3 programs

  • OpenProvincial

    Home Renovation Savings Program

    Ontario's main home-retrofit rebate program. You can claim single upgrades such as a heat pump, attic insulation, solar with a battery, a smart thermostat or ENERGY STAR appliances without an energy assessment, or do an assessment and two or more upgrades for envelope rebates.

    $12,000

    max rebate

    Rebate
    Last verified October 12, 2026
  • OpenProvincial

    Peak Perks

    Get $75 for enrolling an eligible smart thermostat that controls central air or a heat pump, then $20 for each year you stay enrolled. On a few hot weekday afternoons, your cooling is adjusted slightly.

    $75

    max rebate

    Rebate
    Last verified October 12, 2026
  • OpenProvincial

    Energy Affordability Program

    Income-qualified Ontario electricity customers can get free energy upgrades. These range from free saving kits to a full home visit that can include new appliances, insulation, draft-proofing and, for electric or oil-heated homes, a cold-climate heat pump.

    Free

    Free upgrade
    Last verified October 12, 2026

Utility programs

Offered by electricity and gas utilities to their own customers.

2 programs

  • OpenUtility

    Home Winterproofing Program

    Income-qualified households heated by Enbridge natural gas can get a free home energy assessment, plus free insulation, draft-proofing and a smart thermostat where needed.

    Free

    Free upgrade
    Last verified October 12, 2026
  • Closing soonUtility

    myEnergy Rewards

    Hydro One customers in eligible postal codes can get a $100 prepaid card for enrolling a compatible smart thermostat in its demand-response program. The current offer ends November 30, 2026, or earlier if spots run out.

    $100

    max rebate

    Rebate
    Last verified October 12, 2026

Good to know in Toronto

Who supplies energy here

  • Toronto HydroElectricity
  • Enbridge GasNatural gas

Utility rebates only go to that utility’s customers. Check the name on your bill.

Skip the assessment for heat pump-only jobs
HELP projects that are only a heat pump or only rooftop solar no longer need pre- and post-retrofit EnerGuide assessments. The installer signs an attestation form instead.
Ask your lender early
The City needs written consent from your mortgage lender before it funds a HELP loan, and every owner on title has to agree.

Rebates by upgrade in Toronto

Totals include the city’s programs where they pay for that upgrade. Each link opens the full Ontario breakdown.

Toronto rebate questions

Answers are generated from the programs above, so they change when the programs do.

Yes. As of October 19, 2026, the city’s Home Energy Loan Program (HELP) offers low-interest financing of up to $125,000; BetterHomesTO Furnace Upgrade Program offers free energy advice.

Up to $7,500 for an air-source heat pump today, through Home Renovation Savings Program, if your home and equipment qualify. If your home is heated by natural gas, Home Renovation Savings Program pays up to $2,000 instead. A ground-source (geothermal) system can reach $12,000. The National Heat Pump Rebate will add $2,000 (up to $10,000 below the median income) once it opens; it isn’t open yet. Financing is separate and never counted: HELP (up to $125,000).

The program lists Home Renovation Savings Program and Peak Perks as programs it can be combined with. Each program sets its own rules for the same upgrade, so check them before you count on both.

Detached, semi-detached, row house, duplex, triplex or other low-rise residential building (up to 3 storeys and 6 units) in Toronto (M postal code). All owners on title must consent, and your mortgage lender must give written consent. No more than three instances in the past three years of property tax or utility accounts being 60 or more days overdue. Full rules are on the official program page.

Submit the online HELP application. Get an EnerGuide home energy assessment (not needed for heat pump-only or solar-only projects), then submit a funding request with contractor quotes. Sign and return the Property Owner Agreement. You can then request up to 30% of the funds up front. The program page lists the remaining steps.

Yes. Canada Greener Homes Affordability Program, Energy Affordability Program, Home Winterproofing Program and BetterHomesTO Furnace Upgrade Program offer free or enhanced support to income-qualified households. Income limits depend on household size.

Toronto Hydro: electricity; Enbridge Gas: natural gas. Utility programs only apply to that utility’s own customers, so check whose name is on your bill.

Other Ontario places with their own programs

See Ontario rebates

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Free, no obligation. We pass your request to up to 3 independent installers who serve your area and, where a program requires it, are registered with it.

  1. 1. Your project
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Step 1 of 2: your project

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What kind of home is it?Optional
How do you heat it today?Optional
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