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Air source heat pump loans

​Save on your heating bills and help keep your home comfortable year round. Upgrade your electric furnace or baseboard heaters to a high-efficiency air source heat pump and take advantage of a low 1.9 per cent interest rate on up to $6,500 for 10 years.

Are you eligible?

  1. You must be a residential FortisBC electricity or municipal* electricity customer.
  2. Your existing primary and backup heating system must be electric.

*Grand Forks, Penticton, Summerland or Nelson Hydro.

Eligible models

​Product Qualifying criteria
Air source heat pump - variable speed mini-split (single head)​ ​Minimum HSPF of 10 and SEER of 18 with variable speed compressor
​Air source heat pump - variable speed multi-split (multiple heads) Minimum HSPF 9.5 and SEER 16 with variable speed compressor​
​Your heat pump contractor can help you find an eligible mini- or multi-split heat pump. ​
​Air source heat pump - central system, tier 1 ​Minimum HSPF to 8.5 and SEER of 15 with variable speed compressor
​Your heat pump contractor can help you find an eligible central heat pump. ​

How to apply

For more information or to apply, call us at 1-866-436-7847 or email

Prefer a rebate?

If a loan’s not for you, check out our rebates.

​If your current heating system is ​Choose this type of heat pump ​Program ​Rebate
​Electric forced-air furnace central ​Home Renovation Rebate ​up to $2,000
​Electric baseboard heaters ​mini- or multi-split ​Home Renovation Rebate up to $2,000