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\n\t\t\t\t\t\t\t\t\tPrime Minister Mark Carney makes his way to Question Period in the House of Commons on Parliament Hill in Ottawa on Wednesday, Oct. 7, 2026. THE CANADIAN PRESS\/Justin Tang<\/p>\n
The government is budgeting $2 billion over eight years with a target of retrofitting one million homes.<\/p>\n
\u201cOver one million households in Canada still heat with oil, propane, or diesel. These fuel sources are more polluting, less efficient, and at the mercy of global markets,\u201d Carney said.<\/p>\n
\u201cRight now, those markets are hitting families hard. Heating a home with oil costs 70 per cent more than it did in 2024, at least $2,500 more per household every year.\u201d<\/p>\n
Households below the median income level can get up to $10,000 back on a heat pump purchase, while other homeowners can get $2,000 by switching to a heat pump.<\/p>\n
Ottawa is in the process of winding down an existing program to subsidize purchases of heat pumps for homes heated with oil. As of March, the Oil to Heat Pump Affordability program helped to install more than 30,000 heat pumps across the country.<\/p>\n
\n\t\tWinnipeg Free Press | Newsletter\n\t<\/p>\n
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In a document detailing some elements of the new program, the government said homeowners could apply for the rebate when their current heating system breaks down, or when it\u2019s approaching the end of its life.<\/p>\n
But government officials briefing reporters on background ahead of the announcement said having a heating system fail isn\u2019t necessarily a requirement for eligibility in the new program.<\/p>\n