The Home Renovation Savings Program is an Ontario home renovation rebate program that offers rebates for home energy upgrades. Homeowners can receive rebates of up to $10,000 for solar panels and battery storage and up to $12,000 for heat pumps.
This program marks an improvement over previous offerings, as it now includes homeowners who heat their homes with electricity and natural gas.
The financial rewards of participating in this program are substantial. Homeowners can take advantage of various rebates depending on the types of improvements made. Here’s a closer look at the rebates you can earn for solar panels, battery storage and heat pumps:
Solar Panels and Battery Storage: Homeowners can receive up to $10,000 for solar panels and battery storage.
Cold Climate Air Source Heat Pumps: Homeowners can receive up to $7,500 for cold climate air source heat pumps, providing efficient home heating.
Ground Source Heat Pump: Â Homeowners can receive up to $12,000 for ground source heat pumps, providing efficient home heating.
These rebates are designed to motivate homeowners to undertake multiple upgrades, ultimately enhancing comfort and energy savings.
These rebates can also be paired with the Canada Green Home Loan, where homeowners can get a 0% interest loan up to $40,000 for solar panels, battery storage and heat pumps.
​To qualify for the Canada Green Home Loan, which can be paired with rebates for solar panels, battery storage and heat pumps, you need to first conduct a home energy audit.
