Water heaters

Rebates you may qualify for

Programs change and funding can run out. Amounts and conditions are as stated on each official page when we checked: confirm there before you apply.

• Home Energy Loan Program (HELP)

  City of Toronto · Open · heat pump, insulation, air sealing, water heater, furnace, windows and doors, solar

  Loans of up to $125,000 for home energy improvements, repaid through the property tax bill. Fixed rates valid until December 31, 2026: 3.83% (5-year), 4.43% (10-year), 4.85% (15-year), 5.12% (20-year), plus a 2% administrative charge. Projects with solar, windows, geothermal or heat pumps can take a 20-year term.

  • Own a detached, semi-detached, row house, duplex, triplex or low-rise building of up to three storeys and six units in Toronto (postal code starts with M)
  • All owners on title must consent; written mortgage lender consent if there is a mortgage
  • No more than three instances of a property tax or utility account 60 days past due in the last three years
  • Loan, interest and admin charge cannot exceed 10% of the property's current value assessment or $125,000, whichever is less

  Toronto lets homeowners finance a heat pump or other energy upgrade through the property tax bill.

  Source: City of Toronto ↗ · Checked 2026-11-13

• Home Renovation Savings: heat pump water heater

  Save on Energy and Enbridge Gas (Province of Ontario) · Open · water heater, heat pump water heater

  $500 on a qualified heat pump water heater.

  • Rebate requires a home energy assessment first, with two or more upgrades
  • Heat pump water heater must be an ENERGY STAR certified model

  Ontario pays $500 toward a qualifying heat pump water heater when it is part of an assessed upgrade bundle.

  Source: Save on Energy and Enbridge Gas (Province of Ontario) ↗ · Checked 2026-11-13