The Feds Will Give You $5K To Make Your Home Greener & Here's Who Is Eligible
Get money to update your heating. 👇
Canadian homes during winter.
Not thrilled about home heating prices in Canada during winter?
Depending on your situation, you may be eligible for a grant from the government to help with that, while making your home greener too.
A new program announced by the federal government on November 21 could give you an extra $5,000 to update your old heating system.
The announcement outlines that Canadians who have oil heating in their homes could get their transition to a more eco-friendly heat pump subsidized by the government.
The Oil to Heat Pump Affordability (OHPA) Grant is being kick-started by a $250 million investment from the feds.
Not only does this make your home more eco-friendly, but it also can save you a whole lot of money on heat. Natural Resources Canada estimates that by switching from oil heating to an electric heat pump, you could save an average of $1,500 to $4,700 on energy bills each year.
What is OHPA?
A new part of Canada Greener Homes Initiative, OHPA is a program designed to encourage Canadians to move from oil home heating to electric heat pumps.
It offers a grant of up to $5,000 to put toward the purchase and installation of an eligible heat pump, electrical upgrades required for the new heat pump, and the safe removal of their old oil tank.
That is, with "robust verification processes to ensure the program is being used as intended."
Who qualifies for the OHPA Grant?
The government estimates that tens of thousands of households are going to be helped by this new grant.
To qualify for it, you and your household need to make below the after-tax median income of Canada, which comes out to $53,140 for a family of four.
You also need to prove your home has been heated by oil as of January 2023, which would mean bills going back 12 months from the time of your application.
And, as an applicant, you must also be the primary resident and owner of the home.
How do you apply for OHPA?
Afer you've determined whether you qualify or not, you can apply for the grant using the Canada Greener Homes Initiative portal. However, it won't be open until early 2023.
This isn't the only way the government is giving you money to make your home more sustainable.
There are other programs to make your home in Canada more eco-friendly.
This article's cover image was used for illustrative purposes only.