Carney launches $2 billion home retrofit program

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsCarney launches $2 billion home retrofit programThe government says the measures will support one million retrofitsAuthor of the article:Heat pumps are seen on a Halifax apartment block September 18, 2026. Photo by TIM KROCHAKPrime Minister Mark Carney’s government is rolling out a new rebate program to help Canadians to adopt electric heat pumps, providing households with as much as $10,000 to make the switch.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountOttawa has earmarked $2 billion to fund the grants, as well as to help apartment building owners retrofit 280,000 units over the next eight years to make them more energy efficient.This advertisement has not loaded yet, but your article continues below.Together, the government says the measures will support one million retrofits and reduce Canada’s emissions by more than 25 million metric tonnes, which it says is equivalent to taking nearly 8.5 million cars off the road for a year.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“When it comes to saving on home heating, the best option for many Canadians is a heat pump,” Carney said in prepared remarks on Thursday.“Heat pumps are cleaner and safer than oil and electric furnaces. They are two to three times more efficient. The same warmth, for a fraction of the energy and far less pollution.”Eligible below-median income households will receive a rebate of up to $10,000 for the purchase of a heat pump, while other households will receive $2,000. The program is expected to roll out next year.Former Prime Minister Justin Trudeau’s government adopted a similar program in 2022, which helped low and middle-income Canadians replace oil furnaces with electric heat pumps. That program stopped accepting applications this summer.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.