Looking to bring down the price of a new HVAC upgrade? Ontario homeowners can take advantage of generous federal and provincial rebates to make HVAC upgrades more affordable in 2025. Whether you’re installing a heat pump, switching from oil, or just adding a smart thermostat, there are thousands of dollars in savings available. Here’s a breakdown of the top rebate programs you can apply for right now.
Oil to Heat Pump Affordability Program
Rebate: Up to $10,000
Eligibility: Low- to middle-income households switching from oil heating to a cold-climate electric heat pump. No audit required.
This program also helps you save on energy costs in the long run, meaning the savings will add up beyond the initial rebate amount. Better still, it will significantly reduce emissions.
Learn more: Oil to Heat Pump Affordability Program
Home Renovation Savings Program: Heat Pumps
Rebate: Up to $7,500 for air-source heat pumps, $12,000 for ground-source systems
Eligibility: All Ontario homeowners. Audit required only for bundles of 2+ upgrades.
This Ontario-wide program simplifies home energy rebates under one roof. Heat pumps are the focus, but you can also claim rebates for insulation, air sealing, windows, and more (details on these extras below).
Learn more: Home Renovation Savings
Smart Thermostat Rebate
Rebate: $75 off select ENERGY STAR® smart thermostats
Eligibility: Homeowners in Ontario (detached, semi-detached, row homes). No audit required.
Save instantly with a rebate code redeemable online or in-store. Qualifying models include Ecobee, Nest, Honeywell, and others.
Learn more: Smart Thermostat Rebate
Energy Affordability Program (Low-Income)
Rebate: Free HVAC-related upgrades, including smart thermostats and (in some cases) heat pumps
Eligibility: Income-qualified Ontario households (see program thresholds).
This IESO program offers no-cost energy upgrades for lower-income homes, including thermostats, insulation, appliances, and more. Electric-heated homes may qualify for a free heat pump installation.
Learn more: Energy Affordability Program
Enbridge Home Winterproofing Program
Rebate: Free insulation and draft-proofing
Eligibility: Enbridge Gas customers in Ontario who meet low-income criteria
This program improves the efficiency of natural gas-heated homes by offering free energy-saving upgrades and thermostats (see above). The program is designed for homes in need.
Learn more: Enbridge Winterproofing
Canada Greener Homes Loan
Loan: Interest-free loans from $5,000 to $40,000, repayable over 10 years
Eligibility: Canadian homeowners who completed a pre-retrofit EnerGuide audit before March 31, 2024, and are completing eligible upgrades
This federal loan program helps cover the upfront cost of major energy retrofits like cold-climate heat pumps, heat pump water heaters, and smart thermostats. It’s still active in 2025, even though the related grant has closed to new applicants. Although not a rebate, homeowners can save significantly due to 0% interest.
Learn more: Canada Greener Homes Loan
Ready to Save Big on HVAC in 2025?
With up to $10,000+ in rebates, 2025 is the perfect time to upgrade your HVAC system in Ontario. Whether you’re planning a full retrofit or a simple smart thermostat swap, these programs make energy savings easier and more affordable than ever.
Don’t leave money on the table. Contact Arseneau Home Comfort to book your upgrades today!
