How much you get
If your Squamish home is heated with electric baseboards or an electric furnace, BC Hydro pays up to $4,000 for a whole-home heat pump ($1,500 for a partial one), plus a bonus of up to $1,000 on installs finished Aug 1–Oct 31, 2026. If you heat with gas, oil or propane, that BC Hydro rebate doesn't apply. Your rebate then comes only from CleanBC's income-qualified Energy Savings Program: up to $13,000 (Level 1), $7,000 (Level 2) or $3,500 (Level 3) for a central or 3+ head system.
Who qualifies
- You own your home in Squamish
- Your current system matches the upgrade type (e.g., gas furnace for a heat pump upgrade)
- Your HPCN-certified installer files the rebate claim
- Income-qualified households see higher rebates
How much you get depends on your income tier
Income decides the CleanBC amount, not a sliding scale for everyone. For a family of four, Level 1 is household income up to $94,900, Level 2 up to $118,600 and Level 3 up to $189,800 (the limits change with household size, and the home's assessed value is capped too). Above those limits, CleanBC pays nothing for a heat pump, and your only rebate is BC Hydro’s up to $4,000 — and only if you have electric heat today. You may still see “$4,000–$16,000” online. That’s out of date: CleanBC cut its amounts for invoices from July 6, 2026. The $16,000 figure only exists north of 100 Mile House, so it doesn’t apply in Squamish. Pre-register with the Energy Savings Program before any work starts. Official income table →
What you'll actually save each month
Rebates cover the upfront cost, but the number that decides whether this is worth it is the payback period — how long until the monthly savings pay back what you spent out of pocket. Here's the real math, using BC's actual current utility rates rather than a rough guess:
- BC Hydro electricity (2026): 10.97¢/kWh for the first 675 kWh/month, 14.08¢/kWh above that, plus a $0.2253/day basic charge. (Check current BC Hydro rates →)
- FortisBC natural gas (2026): roughly $1.66/GJ for the gas itself, plus delivery charges that bring most bills up meaningfully higher — your own FortisBC bill's "total rate" line is the number to use, not the commodity price alone. (Check current FortisBC rates →)
A heat pump and baseboard heat pull from the same BC Hydro rate, so the whole savings case rests on one number. For every unit of electricity used, a cold-climate heat pump delivers 2.5 to 3.5 units of heat back into the house. Squamish's comparison to a gas furnace is trickier than that, though — between the mild valley average and the occasional Sea-to-Sky cold snap, how your specific house is insulated and sized will decide the payback more than the season does.
Get your real payback number: Plug in your current heating bill and system type in our free assessment tool and it'll estimate your monthly savings and payback period using these same current BC Hydro/FortisBC rates — not a generic average.
How to claim it
One step people miss: the Energy Savings Program only pays if you pre-register before work starts. BC Hydro’s standard rebate just needs an HPCN installer and an eligible model.
- Check your income tier and rough total with the free rebate assessment
- If you might be income-qualified, pre-register with CleanBC’s Energy Savings Program before any work starts (BC Hydro’s standard rebate needs no pre-approval)
- Get quotes from HPCN-certified installers in Squamish
- Work is installed by your program-registered contractor
- After the install, apply within 6 months of your invoice — keep the invoice showing the model and AHRI number
- Rebate arrives in 4–8 weeks
Full income-tier breakdown, stacking math, and brand comparisons: Complete BC heat pump rebate guide →
Heat Pump installers in Squamish
We checked actual Google review counts for these Squamish HVAC companies ourselves — nobody paid to be featured on this page.
Squamish is the outlier on this coast, and it's worth knowing why
Most of coastal BC has mild, boring winters. Squamish doesn't quite fit that pattern. Sitting where the Sea-to-Sky corridor funnels cold air down from the mountains, its typical January low is a mild 0.2°C, but the coldest morning recorded over 2015-2024 hit -28.1°C, colder than anywhere else on the coastal side of our BC data and even a shade below the -25°C threshold a cold-climate heat pump is rated to handle without losing efficiency. That single extreme event is rare, and most winters here look nothing like it. But it's still a real reason to lean toward the higher end of cold-climate-rated equipment and make sure your installer accounts for outflow-wind cold snaps, not just the seasonal average.
Next steps
View all Squamish rebate programs → or read guides on heat pump in BC →