Efficiency Manitoba offers new heat pump incentive program to reduce heating costs in homes and businesses
A new incentive program is now available to Manitobans who are looking to upgrade their heating system to a new, more energy-efficient alternative. Efficiency Manitoba’s Heat Pump Program provides financial incentives to home and business owners who replace their existing heating system with an energy-efficient ground source heat pump.
Ground source heat pumps (also known as geothermal heat pumps) are one of the most energy-efficient and environmentally-friendly electric heating and cooling systems available. Instead of creating heat by burning fossil fuels or powering an electric element, they move existing heat into or out of the ground. Installing a ground source heat pump can reduce heating costs by up to 60% when compared to an electric furnace.
Efficiency Manitoba is offering an incentive of up to $2.50 per square foot ($26.91 per square metre) of heated space for eligible projects. Replacing an electric furnace in a 1,600 square foot home could save $900/year in energy costs and be eligible for an incentive of up to $4,000. Incentives are also available when converting from a natural gas heating system to a ground source heat pump.
“We’re excited to continue expanding the options Manitobans have to save energy and reduce their carbon footprint,” said Colleen Kuruluk, Chief Executive Officer of Efficiency Manitoba. “Manitobans are increasingly seeking ways to become more energy efficient, and by providing incentives for ground source heat pump installations, we’re able to help them make these positive changes.”
The Heat Pump Program requires customers to work with an accredited Manitoba Geothermal Energy Alliance (MGEA) installer. “The MGEA is thrilled to partner with Efficiency Manitoba in the implementation of this rebate offer,” said Brent Laufer, President of MGEA. “We are excited for the opportunity to help Manitobans save money on their home heating by delivering quality installations through our trained and experienced accredited members.”
“Upgrading to a ground source heat pump not only helps customers reduce their energy bills, but it also creates good paying jobs for Manitobans and provides greenhouse gas emissions reductions when converting from a natural gas heating system,” said Conservation and Climate Minister Sarah Guillemard. “This program from Efficiency Manitoba complements the existing provincial Green Energy Equipment Tax Credit program that provides a 15% tax credit for eligible geothermal heat pump installations. These are benefits we can all get behind as we take steps to address climate change and recover from the COVID-19 pandemic.”
Interested homeowners and businesses can learn more about Efficiency Manitoba’s Heat Pump Program by going to efficiencyMB.ca/heatpump.
For more information, please contact: media@efficiencyMB.ca.