This is a joint news release between the Government of Yukon and the Government of Canada.
The Government of Canada and the Government of Yukon are partnering to help Yukoners switch to smart electric heating systems, making life more affordable while reducing greenhouse gas emissions.
Today, Member of Parliament for the Yukon, Brendan Hanley on behalf of Minister of Energy and Natural Resources Jonathan Wilkinson and Minister of Environment and Climate Change Steven Guilbeault, announced a federal investment of $1.4 million from the Federal Oil to Heat Pump Affordability program (OHPA) and $287,000 from Canada’s Low Carbon Economy Fund (LCEF). Yukon Minister of Energy, Mines and Resources John Streicker announced that the Government of Yukon will provide an additional $700,000 in territorial funding towards further helping low-to-middle-income households cover the cost of purchasing and installing a heat pump.
Heat pumps are one of the best ways for homeowners to save money on energy bills and combat climate change. They are two to three times more efficient than other electric home heating sources, providing greater savings for homeowners while reducing energy consumption for utilities and power grids.
As part of the Government of Yukon’s Affordable Heat Pump Program, eligible Yukon homeowners can receive 100 percent of the cost to purchase and install a heat pump to a maximum of $24,000. Additionally, homeowners can receive an upfront payment of $250 to add high-efficiency heat pumps in homes currently heated with oil. Homeowners using other energy sources, such as propane or electric baseboards, could also be eligible for cold climate heat pump rebates funded by LCEF and the Government of Yukon.
Through these investments, the governments of Canada and Yukon are helping Yukoners access energy-efficient heat pumps, save on their energy bills and reduce their carbon emissions to protect the environment.
Our government believes that we can save money and our planet at the same time. Through Our Clean Future, our government committed to helping Yukoners transition from fossil fuels to smart electric heating systems like heat pumps. I’m pleased that these new investments will help make life more affordable for Yukoners while reducing our territory’s greenhouse gas emissions.
Making the switch to more energy-efficient heating systems can help Canadians save thousands on their energy bills, reduce their energy use and decrease their carbon footprint. That’s why we are strengthening the Oil to Heat Pump Affordability program and ensuring that families are in the Yukon supported in making the switch from heating oil to an efficient heat pump.
Yukoners face some of the coldest temperatures in Canada and need reliable, affordable heating systems to stay warm. This is now truer than ever as climate change is making weather increasingly unpredictable. Heat pumps have shown to be an efficient way to heat homes reducing emissions, protecting the environment and helping Canadians save on their utility bills. That’s why we are investing in programs like this that support the transition and get us closer to our emission reduction goals.
Transitioning to energy-efficient heating systems offers Canadians and Yukoners the opportunity to save money on more-efficient home energy systems. The Oil to Heat Pump Affordability program will ensure that families in the Yukon receive the necessary support to switch from heating oil to efficient heat pumps, which will benefit local installers and businesses while also helping ease northern Canada’s pathway to home heating that is less expensive and more environmentally friendly.
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The federal government’s Oil to Heat Pump Affordability program was first introduced in November 2022 as a $250 million investment in a new stream within the Canada Greener Homes Initiative. On February 22, 2023, the program was opened to pre-registration and was fully launched in late March 2023, with the first grants being issued shortly thereafter.
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Introduced in October 2023, the federal government announced working with provinces and territories on co-delivery agreements including an upfront payment of $250 for eligible applicants through the Canada Heat Pump Bonus.
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Every year, on average, a household participating in the Oil to Heat Pump Affordability program saves $1,337 on energy costs and 2.78 tonnes in greenhouse gas reductions.
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The federal government currently has OHPA program co-delivery arrangements in place with British Columbia, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Active discussions are underway with other provinces and territories to deliver new, strengthened OHPA co-delivery agreements to make heat pumps even more affordable for Canadians across the country. In jurisdictions without co-delivery arrangements, oil-heated households can continue to apply to the national program to receive up to $10,000 in federal OHPA funding for switching to electric heat pumps.
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The federal government’s Oil to Heat Pump Affordability program has received over 29,000 applications to date nationally.
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Under Budget 2024, the Government of Canada is taking numerous steps to make life more affordable for Canadians while addressing climate change. This includes the Canada Greener Homes Affordability Program, which will support the direct installation of energy efficiency retrofits for Canadian households with low to median incomes.
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Yukoners who participate in the Affordable Heat Pump Program (the Yukon’s version of the federal government’s Oil to Heat Pump Affordability program) may retain their pre-existing heating sources as backup systems for periods of extreme cold.
Media Relations
Natural Resources Canada
343-292-6096
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Joanna Sivasankaran
Director of Communications
Office of the Minister of Energy
and Natural Resources
[email protected]
Laura Seeley
Cabinet Communications
867-332-7627
[email protected]
Kate Erwin
Energy, Mines and Resources
867-667-7627
[email protected]