Why to Switch from Oil to Heat Pump?
Are you tired of your old oil furnace and considering a move to a more energy-efficient electric heat pump? Well, then you are in the right place! Here we guide you through everything that you should know about converting your oil furnace into an electric heat pump.With Oil to Heat Pump Affordability (OHPA) Program, you may receive up to $10,000 in government grants,plus Plus, receive a $250 referral reward for any referrals you’ve made that complete the program.
it's time to upgrade
Advantages of Switching from Oil to Heat Pump
Environmental lmpact
Heat pumps use renewable energy sources and have a very small carbon footprint compared to oil furnaces.
Better lndoor Air Quality
Since heat pumps do not burn fossil fuels, there is no risk of carbon monoxide leaks, significantlyimproving indoor air quality.
Cost Savings
Although the upfront cost of installation may be high, in the long term, the savings on operational costsmake it a qood investment. Addifionally, the government rebates and incenives help to offset the upfront costs.
F.A.Q
Before diving into the conversion process, it’s crucial to grasp the function of a heat pump. Unlike traditional heating systems that generate heat, a heat pump relocates heat from one place to another. They’re remarkably efficient, often yielding three times the energy they consume.
- Air Source Heat Pumps: These transfer heat between your house and the outside air.
- Ground Source (Geothermal) Heat Pumps: These transfer heat between your house and the ground.
- Water Source Heat Pumps: These transfer heat between your house and a water source.
Environmental Impact
Heat pumps harness renewable energy sources and have a significantly smaller carbon footprint compared to oil furnaces.
Better Indoor Air Quality
Heat pumps enhance indoor air quality since they don’t burn fossil fuels, eliminating the risk of carbon monoxide leaks.
Cost Savings
Though the initial installation cost may be high, the long-term savings on operational costs make it a wise investment. Government rebates and incentives further offset these upfront costs.
Oil to Heat Pump Affordability (OHPA) Program
One major benefit of transitioning from an oil furnace to an electric heat pump is the Oil to Heat Pump Affordability (OHPA) program. This initiative aims to make the switch more accessible and affordable for homeowners.
The cost can range from $5,000 to $15,000, depending on the type of heat pump and installation requirements.
Yes, the government is providing incentives up to $25,000 with zero interest as an offset of converting to a heat pump.
Yes, modern heat pumps are engineered to perform efficiently even in cold climates. In cases of extremely low temperatures, a backup heating system can be used to ensure consistent warmth.
To keep your heat pump running efficiently, it’s essential to regularly change filters, conduct seasonal inspections, and get professional servicing before both the heating and cooling seasons.
Oil to Heat Pump Affordability (OHPA) Program
One of the main advantages of switching from an oil furnace to an electric heat pump is the Oil to Heat Pump Affordability (OHPA) program. This program is designed to make the transition more accessible and affordable for homeowners.
- Program Overview: This Oil to Heat Pump Affordability program entails generous rebates and incentives for homeowners who heat their homes with oil and upgrade to electric heat pumps. In other words, the program encourages the concept of efficiency and helps in reducing greenhouse gas emissions.
- How It Works: A homeowner can receive up to $10,000 in government grants for converting their oil furnace to an electric heat pump. Plus, receive a $250 referral reward for any referrals you’ve made that complete the program.
- Eligibility: The program is open to homeowners using oil furnaces for heating.
- You only need to show proof of purchasing 500 litres of heating oil in the past 12 months (reduced from 1000 litres)
- A wider range of heat pumps are eligible, including air-source and ground-source heat pumps
- The low-to-median income level has been increased to account for inflation.
