Sep. 22, 2022
Canada Helps Canadians With Heating Affordability
The government of Canada will invest up to $250 million over four years through the Low Carbon Economy Fund (LCEF) to help make home heating more affordable for families across the country. With a focus on lower-income households, this funding will help homeowners who currently use home heating oil move to more affordable and greener home heating sources, like electric heat pumps. At current energy rates, switching from heating oil to a heat pump has the potential to save homeowners thousands of dollars per year in heating bills. Approximately $120 million of the overall funding will go to people in Atlantic Canadian provinces, where using oil for home heating is much more common. Early estimates indicate that clean energy transitions funded by this LCEF allocation could help 10,000 to 25,000 homes nationwide, with over 40 per cent of those in Atlantic Canada.