Heat Pump ROI Calculator
Calculate your heat pump installation costs, energy savings, and payback period with provincial rebate information for Canadian homes.
Heat Pump ROI Calculator
Installation Cost
$13,000
Rebate: $6,500
Net Cost: $6,500
Annual Savings
$12,396/yr
Monthly: $1,033
Payback Period
0.5 years
Long-Term Savings
10-Year Net: $117,464
20-Year Net: $241,427
Current vs Heat Pump
Current Annual Cost:
$12,400
Heat Pump Annual Cost:
$4
Why Choose a Heat Pump?
High Efficiency
Heat pumps are 200-400% efficient, transferring heat rather than generating it through combustion.
Heating & Cooling
Single system provides both heating in winter and air conditioning in summer, eliminating need for separate units.
Environmentally Friendly
Significantly reduces carbon footprint compared to fossil fuel heating, especially with clean electricity grids.
Lower Operating Costs
Despite higher upfront cost, ongoing energy bills are typically 30-50% lower than traditional systems.
All-Season Comfort
Modern cold-climate heat pumps work efficiently down to -30°C, suitable for most Canadian regions.
Long Lifespan
Quality heat pumps last 15-20 years with proper maintenance, comparable to traditional HVAC systems.
Provincial Rebates & Incentives
Federal (Canada Greener Homes)
Up to $5,000Federal grant for heat pump installation as part of home energy retrofits.
Learn MoreBritish Columbia (CleanBC)
Up to $11,000Combined federal and provincial rebates. Higher amounts for income-qualified households.
Learn MoreOntario (Enbridge Home Efficiency Rebate)
Up to $6,500Available for Enbridge Gas customers installing qualifying heat pumps.
Learn MoreQuebec (Rénoclimat)
Up to $6,500Provincial program for energy-efficient home improvements including heat pumps.
Learn MoreNova Scotia
Up to $9,250Combination of federal and Efficiency Nova Scotia rebates for heat pump systems.
Learn MoreAlberta (Energy Efficiency Alberta)
Up to $7,500Residential and Commercial Solar Program includes heat pump rebates.
Learn MoreHow to Maximize Your Rebates
- 1.Get a pre-retrofit energy assessment from a certified energy advisor
- 2.Choose ENERGY STAR certified equipment and certified installers
- 3.Keep all receipts and documentation for rebate applications
- 4.Complete post-retrofit assessment to unlock full rebate amounts
- 5.Check if you qualify for low-income or income-tested enhanced rebates
Related Resources
Checking a figure on this page? Open the home cost source ledger for every primary source we cite, when its link was last checked, and what it does not establish.