# Carney's $2 Billion Home Retrofit Program

> Prime Minister Carney's $2 billion program offers up to $10,000 rebates for electric heat pumps to cut energy bills and emissions.
- Title: Carney's $2 Billion Home Retrofit Program · Financialpost
- Summary: Prime Minister Carney's $2 billion program offers up to $10,000 rebates for electric heat pumps to cut energy bills and emissions. Canada's government…
- Keywords: mark carney, home retrofit, electric heat pumps, rebate program, canada, energy efficiency, money, business, Carney's, Billion, Home, Retrofit
- Source: Financialpost — https://financialpost.com/commodities/energy/how-carneys-home-retrofit-program-works
- Read time: 1 min
- Topics: mark carney, home retrofit, electric heat pumps, rebate program, canada, energy efficiency, money, business
## Prime Minister Carney's Rebate Program
Prime Minister Mark Carney announced a $2 billion rebate program for electric heat pumps to help Canadians switch to energy-efficient home heating.
## Eligible Heat Pumps
Heat pumps must be on the government's 'eligible products list' with over 100,000 options to qualify for rebates.
## Rebate Amounts
Households below median income get up to $10,000; others receive $2,000 with no energy audits required.
## Application Process
Applications are online, approvals within 24 hours, and payments within five days after installation.
## Key takeaway

Canada's government provides rebates up to $10,000 per household for electric heat pumps to reduce energy costs and emissions.