British Columbia Announces New Heat Pump funding in Around Town
The BC and Canada governments have announced $253 million in funding for new heat pumps with electrical service upgrades (if needed), including adding a new qualifying income level. Depending on income levels, funds could cover up to $24,000.
The funding is available to homeowners and renters (with landlord consent) and includes homes with electricity, natural gas, propane, oil, or wood as the primary heating. Several home types are eligible, including secondary suites with their own utility meter.Â
The funding will increases the maximum rebate amount for a new heat pump to $16,000, up from $9,500. The funding also includes a top-up of $3,000 in northern BC to account for the cost of cold weather heat pump. Successful applicants may also receive up to $5,000 for electrical service upgrades to install and run a heat pump.
To be a eligible, a home must be a year-round primary residence and at least one year old. Renters are eligible but must have a landlord consent form to accompany their application. The property must also have an assessed value of at or under $1.23 million to meet the first two levels of income qualification.
Applicants can pre-register starting in June to see if their income and home are eligible for the program.
For more information visit CleanBC Better Homes Energy Savings Program.
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