Cold-climate heat pumps heat and cool your home in one system — and right now, Ontario and federal rebates can put thousands of dollars back in your pocket. Home Saving Heating & Cooling installs cold-climate heat pumps and ductless heat pumps across the GTA. This page is our heat pump hub: current rebates, how the technology works, and photos from our own installations, updated as programs change.
Government rebates for heat pumps
Ontario — Home Renovation Savings program (available now)
What you get depends on how your home is heated today. No home energy assessment is required, but pre-approval is mandatory before installation — installs done before approval do not qualify. Your contractor must be a participating contractor, and the unit must be on Natural Resources Canada's qualified products list.
- Homes heated with natural gas (Enbridge customers): cold-climate air-source heat pump — $500 per ton, up to $2,000; ground-source heat pump — $3,000.
- Homes heated with electricity, oil, propane or wood: cold-climate air-source heat pump — $1,250 per ton, up to $7,500; ground-source heat pump — $2,000 per ton, up to $12,000.
How it works: confirm your eligibility, choose a participating contractor (we handle the pre-installation application for you), install after approval, and your rebate cheque arrives by mail within about 60 days of the approved post-installation application. Source: Home Renovation Savings — Heat Pumps.
Federal — National Heat Pump Rebate (opens early 2027, retroactive to November 1, 2026)
The Government of Canada is investing $2 billion so up to 820,000 households can install a cold-climate heat pump. The rebate is $2,000 for above-median-income households and up to $10,000 for low- to median-income households. There is no energy audit required before or after installation.
- Retroactivity: if you install an eligible heat pump on or after November 1, 2026, you can apply for the rebate once the application portal opens in early 2027. No payments are made until the program launches and your application is approved.
- Ontario income thresholds for the up-to-$10,000 amount (after-tax household income): 1 person $46,981 · 2 people $92,884 · 3 people $119,850 · 4 people $146,217 · 5 or more $158,202.
- Eligibility basics: the heat pump must be on the federal eligible product list (identified by its AHRI number), purchased from and installed by an HVAC contractor, in a home you own in Canada. One rebate per household.
- Keep your paperwork: apply within 6 months and make sure your contractor's receipt shows your name and address, the installing company, the make, model and AHRI number of the equipment, and the total project cost. Our invoices include all of this.
- The program is expected to run until March 2034; final program details are still being confirmed by the government.
Source: Government of Canada — One Million Home Energy Retrofits.
The honest version: the biggest numbers you see advertised are for homes switching away from electric, oil or propane heating, and for lower-income households under the upcoming federal program. If your home is heated with natural gas, the Ontario rebate today is up to $2,000 — and you may also qualify for the federal $2,000 when it opens. We will tell you exactly which rebates your home qualifies for before you sign anything.
Book your free in-home estimate or call us at 416-900-5577.
Heat pump knowledge
How a heat pump works
A heat pump doesn't create heat — it moves it. In winter it pulls heat energy from the outdoor air and moves it inside; in summer it reverses and works as an air conditioner. Because it moves heat instead of burning fuel, it delivers far more heating energy than the electricity it uses.
What "cold climate" means
Cold-climate air-source heat pumps are engineered for Canadian winters and keep heating in temperatures as low as -30°C. They are the models that qualify for the rebates above, and the only kind we recommend as a primary heat source in the GTA.
Central vs. ductless
Central (ducted) heat pumps connect to your existing ductwork and pair well with a gas furnace in a dual-fuel setup: the heat pump does most of the work and the furnace takes over only on the coldest days. Ductless heat pumps use wall-mounted indoor heads — ideal for homes without ducts, additions, and room-by-room comfort — and they qualify for the same rebate programs.
Sizing matters
For the federal rebate, your system should be sized to heat your whole home. A proper load calculation — not a guess from your old furnace's size — is what keeps you comfortable and your hydro bill in check. This is step one of every free estimate we do.
Shop our cold-climate heat pumps
Our heat pump installations and lineup
Photos from real heat pump installations by Home Saving technicians across the GTA — we add new ones as jobs are completed.
Trane Resolute cold-climate heat pump installed by our team
Midea cold-climate heat pump installed by our team
Midea 3-ton cold-climate heat pump installed by our team — raised on a snow stand
Trane 5-ton cold-climate heat pump installed by our team — dual fan, raised on a snow stand
Program updates
- November 2026: the federal National Heat Pump Rebate was announced — $2,000 to $10,000, no energy audit, retroactive for eligible installs from November 1, 2026, applications opening early 2027.
- Ontario: Home Renovation Savings heat pump rebates are open now with pre-approval through a participating contractor.
Book your free in-home estimate or call us at 416-900-5577.
Rebate programs are run by the Government of Ontario / Save on Energy and the Government of Canada. Amounts and eligibility are set by the programs and can change; we confirm your eligibility before installation.