Ottawa to provide $2B in rebates for homeowners who install heat pumps

The federal government is launching a $2-billion rebate program to help up to 820,000 Canadian homeowners save an average of $1,400 annually by installing heat pumps, reducing heating costs and emissions. Rebates up to $10,000 are available for lower-income households, with up to $2,000 for higher earners. The program targets emergency replacements and encourages switching from traditional heating systems. It also includes low-interest financing for apartment retrofits and funding for commercial building upgrades.