Harness the power and savings of a heat pump

If you heat your home and/or hot water with electricity, you may be spending more on keeping your home warm and water hot than you need to.

Consider a heat pump. The technology has come a long way since it was first introduced in the 70s. Today’s air source heat pumps (ASHPs) are more efficient, reliable and quieter and can still heat your home even when it’s -25 °C outside! In fact, when the outside air is -18 °C it still contains about 85 per cent of the heat that it did at 21 °C!1

ASHPs work with your existing baseboards or electric furnace and could save you about $1,400 annually on space heating costs.4,5 Heat pump water heaters (HPWHs) are meant to replace an electric storage tank model and could save you about $370 annually on water heating costs.6

What is an air source heat pump

An ASHP works by moving heat from one place to another (view a diagram here). Even in cold temperatures there is still ambient warmth in the outside air. An ASHP harnesses that warmth and simply moves it to where it’s needed—inside your home. Unlike furnaces and baseboards that use a lot of electricity to generate heat, heat pumps use minimal electricity.

What is a heat pump water heater

If you’re looking for a high-efficiency option when it’s time to replace your aging electric storage tank water heater, you’re in luck. There are heat pumps for water heating too. Using the same technology as an ASHP, HPWHs harness the warm air from inside your home to heat your water.

How much can I save with a heat pump?

As well as the ongoing energy savings, we’re offering rebates of up to $2,000 on eligible models. Or, if you prefer, a low-interest loan is available for ASHPs.

TypeForRebateLoan2Approximate annual savings
Mini-split heat pump (one interior unit)baseboard heaters$1,200 Borrow up to $6,500 at 1.9% interest for 10 years$1,400 on electricity used for space heating4
Multi-split heat pump (two or more interior units)baseboard heaters$2,000$1,400 on electricity used for space heating4
Central air source heat pumpelectric furnace$1,200 or $2,0003$1,400 on electricity used for space heating5
Heat pump water heaterreplaces electric storage tank$1,000n/a$370 on water heating costs6

What are the benefits of a heat pump?

As well as saving energy and money, consider the comfort a heat pump can provide.

  • Ease of use: heat pumps are relatively easy for a qualified contractor to install, easy for a homeowner to use and only require yearly maintenance.
  • A comfortable, even heat: you won’t experience cold spots with an ASHP. Better yet, you don’t have to worry about turning down the heat at night as they work best when run at a constant temperature. 
  • Warm in winter, cool in summer: ASHPs can provide air conditioning as well as heating. So you’ll be comfortable no matter the outside temperature

What kind of heat pump do I get for my home?

Central air source heat pumps

Central air source heat pumps are designed for homes with existing forced-air heating, such as an electric furnace. Forced-air heating means heated air is “forced” through ducting to deliver heat to individual rooms. A central air source heat pump uses your home’s existing ducts, but instead of heating the air with the electric furnace, it pulls heat from outside air. In the summer it can do the reverse, sending warm air inside the home to the outside for air conditioning.

Mini- or multi-split air source heat pumps

Mini- or multi-split air source heat pumps are designed for homes with electric baseboard heating. These types have an outside compressor unit and one or more indoor units. A mini-split model would be for a smaller home where only one indoor unit is required. A multi-split would have multiple indoor units.

Heat pump water heaters

Heat pump water heaters are a great option when it’s time to replace your electric storage tank water heater as they are up to 220 per cent efficient, saving you up to 65 per cent on your water heating costs.6 They need to be installed in a heated or semi-heated space

Ready to get a heat pump?

1Natural Resources Canada
2Loan cannot be combined with a rebate.
3$2,000 rebate is only on more efficient tier 2 models with variable speed and heating season performance factor (HSPF) =9.5, SEER =16.
4Source: FortisBC energy calculator, assuming a 2,000 square foot home, with baseboards at least 15 years old and an air source heat pump installed with an HSPF of 10.
5Source: FortisBC energy calculator, assuming a 2,000 square foot home, with an existing electric furnace at least 15 years old and an air source heat pump with an HSPF of 10.
6Source: FortisBC energy calculator, a household of four people replacing a 50-59 gallon electric storage tank water heater with an equivalent sized high-efficiency HPWH.