How much you get
Enbridge Gas customers (switching from gas)
Cold-climate air-source: $500/ton, up to $2,000.
Enbridge Gas customers, ground-source
Flat rebate for ground-source systems.
Electric, oil, propane, or wood heat
Cold-climate air-source: $1,250/ton, up to $7,500.
Electric, oil, propane, or wood, ground-source
$2,000/ton, up to $12,000, the largest single HRSP rebate.
Heat pump rentals are also eligible for all fuel types, at the same rate as the Enbridge Gas tier (up to $2,000 air-source, $3,000 ground-source).
The unit must be on Natural Resources Canada's qualified products list for cold-climate air-source or ground-source heat pumps. No specific brands are pre-approved beyond that list.
What you'll actually save each month
The rebate is a one-time number. What you pay every month after that depends on electricity and gas rates, and those are set at very different levels of government: the province fixes one, the utility's supplier sets the other by the quarter.
- Electricity, OEB Regulated Price Plan (Nov 2025–Oct 2026): time-of-use customers pay 9.8¢/kWh off-peak, 15.7¢/kWh mid-peak, 20.3¢/kWh on-peak, averaging 12.8¢/kWh; tiered customers pay 12.0¢/kWh up to the monthly threshold, then 14.2¢/kWh. Toronto Hydro delivers the power, but the Ontario Energy Board sets this rate for the whole province. It's the same number whether you're downtown or in Kitchener. (OEB price report →)
- Natural gas (Enbridge): Toronto sits in Enbridge's EGD delivery zone, one of four in the province, and the rate resets quarterly, so there's no fixed number worth printing here. (Check this quarter's Enbridge rate →)
The reason a heat pump can undercut both fuels at once is its coefficient of performance: a cold-climate unit moves roughly 2.5 to 3.5 units of heat into your home for every unit of electricity it consumes, instead of the 1-for-1 conversion you get from electric resistance heat. Whether that beats what you're paying Enbridge right now depends on this quarter's rate and how well-insulated your home is. Nobody can give you a single "you'll save $X" figure that holds for every house on this page.
Want your actual number? Our free assessment tool uses your current bill and system, not a citywide average.
How to claim it
- Complete the eligibility form on the Save on Energy portal
- Select a participating HVAC contractor
- Get mandatory pre-installation approval before work starts
- Installation is completed
- Contractor submits the post-installation application
- Rebate cheque arrives within 60 days of approval
If the cost after your HRSP rebate is still a stretch, Toronto homeowners have a second option: the City's own HELP loan, covered below.
Toronto's own financing program
Beyond the province-wide HRSP rebate above, the City of Toronto and Toronto Hydro run BetterHomesTO, which offers free energy coaching and connects homeowners with heat pump installers. Paired with it is the City's Home Energy Loan Program (HELP): low-interest financing up to $125,000 for the remaining cost after your HRSP rebate. The City added an extra $20M to HELP in its 2025 budget, and a 2026 expansion is aimed specifically at low-to-moderate-income households (the City hasn't published a specific incentive amount for that expansion yet). See the HELP loan details on the Toronto rebate hub for current rates and terms.
This is financing, not a cash rebate. It's a loan you repay, separate from the HRSP dollar amounts above. It's worth knowing about if the upfront cost of a heat pump is the main barrier, since it lets you spread that cost out at a lower rate than most personal loans.
Heat Pump installers in Toronto
Real companies based in Toronto, pulled from their current Google reviews. We're not paid to list anyone here.
Common questions
How much is the heat pump rebate in Toronto?
It depends on your current heating fuel. Enbridge Gas customers get up to $2,000 for an air-source heat pump or $3,000 for ground-source. If you heat with electric, oil, propane, or wood, you get up to $7,500 (air-source) or $12,000 (ground-source). This is the same structure across all of Ontario.
Is a heat pump worth it in Toronto's winters?
Yes, and Toronto's winters make the case easier than most of Ontario: the 10-year (2015-2024) average January low is a mild -7.1°C, and even the coldest night on record in that stretch, -25.1°C, sits right at the edge of what a cold-climate model is rated to handle. A rebate-eligible cold-climate heat pump rarely gets tested by weather this forgiving.
Toronto Hydro's size actually helps here
Toronto Hydro is Canada's largest municipally-owned electric utility, serving the whole city. That scale doesn't touch your rebate amount — the numbers above are set provincially, not by whoever's on your bill — but it's worth knowing for the parts of the install that do go through the utility: panel-capacity sign-off and confirming service to your address before an installer commits to a quote. A utility this size usually means a more standardized process than a small-town hydro, though it can also mean longer queues at busy times of year. We haven't turned up a Toronto Hydro-specific heat pump incentive stacked on top of the provincial rebate. Call and ask directly if you want that confirmed for your account.
Toronto's winters are milder than most of Ontario, and the data backs it up
-7.1°C. That's the 10-year (2015-2024) average January low for Toronto, mild by Ontario standards, thanks largely to Lake Ontario sitting right next to the city. Even the coldest night measured in that stretch, -25.1°C, lands close to where a qualified cold-climate heat pump is rated to keep working efficiently (down to around -25°C or lower). In practice that means Toronto almost never asks more of the equipment than it's built to handle.
Next steps
View all Toronto rebate programs → or check the official Home Renovation Savings Program site → for the current source of truth.