The B.C. government says it’s doubling CleanBC Better Homes retrofit rebates for select home-heating and energy-efficiency upgrades.
Select residential rebates to switch to high-efficiency heating equipment have increased as follows until June 30, 2021:
- double the rebate from $3,000 to $6,000 when switching from a fossil fuel heating system to a high-efficiency heat pump;
- double the rebate from $1,000 to $2,000 when switching from a fossil fuel water heater to a heat pump water heater;
- double the rebate from $500 to $1,000 for an electrical service upgrade when switching from a fossil fuel heating system to a heat pump; and
- a $3,000 rebate on an interest-free loan when switching from a fossil fuel heating system to a high-efficiency heat pump and accessing the CleanBC low-interest financing program.
Applicants must pre-register for a promo code by March 31, 2021, and complete their upgrades by June 30, 2021, to participate.
People who want to switch from fossil fuel-based heating to more energy-efficient heat pumps also have access to low-interest financing as part of CleanBC. Depending on the type and efficiency of heat pump chosen by homeowners, the loans have interest rates as low as 0% over a five-year repayment period. The double rebate offer is being matched for the low-interest financing program for a limited time. Homeowners will automatically receive a $3,000 rebate on their loan for an eligible heat pump installed before June 30, 2021, without the need to register for a promo code.
In 2019, 10% of B.C. households were using heat pumps as their primary or secondary heating source, up from only 3% in 2007.
For double the rebate offer details, including specifics on how to apply, visit:
https://betterhomesbc.ca/rebates/cleanbc-double-rebate/
To learn more about the new low-interest financing program, visit:
https://betterhomesbc.ca/rebates/financing/
