Rebates and Financing
There are currently no rebates for hydronic heating systems although we have actively helped many Toronto homes with hydronic heating get rid of their Enbridge account. Contact us to discuss options to replace your aging boiler.
Home Renovation Savings(HRS) program
Launched January 28, 2025, rebates are available for single family homes for upgrades to efficiency measures like insulation, windows, heat pumps etc. as well as for solar PV and battery storage.
For measures that require an energy audit, the program also provides $600 towards this cost. This can be claimed once you complete a post-retrofit energy audit and if you make at least two qualifying improvements to your home. Find out which rebates you are eligible for here.
Heat pumps and solar PV rebates do not require an audit but if you are looking to install a heat pump, it is highly recommended to have a heat loss/gain calculation done on your home to help select an appropriate capacity of heat pump.
Note that Multi-unit residential buildings do not qualify for this program.
Your home must meet the Natural Resources Canada requirements for an energy audit (i.e. no more than three above-grade stories, less than 600 squared metres).
Homeowners must have an energy audit conducted before and after renovations to qualify.
The post-retrofit audit must be completed within 180 days of the initial audit.
For more information please refer here.
Financing
The Greener Homes Loan provides up to $40,000 of interest-free financing to help you with heat pumps, insulation, new windows, solar panels and any other upgrades that also qualify for rebates. If you qualify, you have 10 years to pay back the loan. To start the process you need to get an energy audit. More details here.
The City of Toronto’s Home Energy Loan Program (HELP) is an excellent financing option. The loan is paid down through your property tax bill. If you sell before the loan is paid off, the remainder can transfer to the new homeowner. Loans up to $125,000 are available with terms as long as 20 years. For the time being, it also comes with rebates ($2,500 for a heat pump, $1,000 for solar or $10,000 for acheiving an 80% or greater reduction in energy consumption. Once you’re approved, you need to get an energy audit. More details here.
Federal HST Rebate
The Federal Government offers a rebate program that allows Homeowners to receive a rebate of up to $16,080 on HST paid on their newly built and substantially renovated homes (properties that are substantially renovated by 70% or more). More details on the HST Rebate and what qualifies as a substantial rebate can be found here.
Basement Flooding Protection
Many cities across the province offer owners of residential homes a subsidy to install flood protection devices. The City of Toronto offers up to $3,400 per property. More details here.