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Why you keep hearing about heat pumps
(NC) During the winter, staying warm and comfortable is a priority -but so is keeping your heating bills manageable. This might be why you’ve been hearing more and more about electric heat pumps: these energy-efficient appliances offer a practical and sustainable way to meet both needs.
Heat pump technology has come a long way in recent years. The modern electric ones are more efficient, reliable and versatile than those of the past. They are already common in households worldwide, and chances are, you know someone who has made - or is considering - making the switch.
Here are three reasons why heat pumps are growing in popularity:
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Heating and cooling in one system. Electric heat pumps are a great year-round solution, providing heating in winter and cooling in summer. They’re also eco-friendly, helping to reduce greenhouse gas emissions. While there’s a myth that heat pumps can’t handle Canada’s harsh winters, cold climate models can operate effectively in temperatures as low as -30 degrees celsius when properly sized and installed.
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Significant savings on energy bills. About 14 per cent of Canadian households have reported keeping their home at unsafe or uncomfortable temperatures due to unaffordable heating or cooling costs. With rising living costs, heat pumps can help ease the financial burden. Switching from a mid-efficiency oil furnace or boiler to an electric heat pump can save homeowners between $1,500 and $4,500 annually - and these savings start as soon as the system is installed.
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Grants and financial assistance available. Worried about the upfront costs? There are programs that can help. The federal Oil to Heat Pump Affordability program provides upfront payments for low- to median-income households. Additionally, the Canada Greener Homes Loan offers interest-free financing to make your home more energy-efficient. Provincial incentives may also be available, offering even more savings.
If you are considering making the switch to a heat pump, learn more at canada.ca/heatpumps.
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