Here's how Carney's $2 billion home retrofit program works — slide 1 of 5

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Here's how Carney's $2 billion home retrofit program works — slide 3 of 5

Here's how Carney's $2 billion home retrofit program works — slide 4 of 5

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Here's how Carney's $2 billion home retrofit program works

October 15, 2026

A $2-billion rebate program will offer up to $10,000 per household to encourage Canadians to switch to electric cold-climate air-source heat pumps. The program, spanning eight years, aims to support up to 820,000 homeowners, promising lower energy bills, year-round comfort, and reduced emissions. Income-based rebates range from $2,000 to $10,000, with no energy audits required. Applications will be online with quick approval and payment.

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