The Government of Canada has announced a $2 billion investment over eight years to help Canadians lower energy costs and improve energy efficiency. The funding is expected to support up to one million home retrofits across the country. A major part of the initiative is a new National Heat Pump Rebate, which will help up to 820,000 households switch to more energy-efficient electric heat pumps.
The federal government is also targeting energy use in apartment and multi-unit residential buildings. Working with the Canada Mortgage and Housing Corporation and Canada Infrastructure Bank, it plans to support retrofits in 280,000 units over the next eight years. Programs will provide financing, encourage investment in larger building retrofits and help building owners through the retrofit process. Together, the measures are expected to reduce emissions by more than 25 megatonnes.
“Building a stronger Canada means making life more affordable for Canadians while cutting emissions and building a cleaner, more resilient economy. When we help families and homeowners make their homes more energy efficient, they use less energy, save more on their bills, and reduce the emissions that drive climate change. By taking full advantage of Canada’s clean electricity advantage, we can lower costs, cut pollution, and create a stronger economy for Canadians today and for generations to come.”
—The Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature
The investment is part of Canada’s broader electricity strategy, which aims to double the capacity of the country’s electricity grid by 2050. The federal government estimates the strategy could deliver up to $15 billion in total energy savings by 2050 and lower total energy costs for seven in 10 Canadian households.
Read the press release at https://www.canada.ca/en/canadian-heritage/news/2026/10/the-government-of-canada-is-supporting-new-measures-to-lower-energy-costs-and-reduce-emissions.html