Fix First Home › Ontario › Peak Perks
Peak Perks open
Administered by the Independent Electricity System Operator (IESO), through Save on Energy.
Ontario's electricity system operator pays $75 when you enrol a smart thermostat that runs central air conditioning or a central heat pump, and $20 a year after, for letting it nudge the temperature up to two degrees on a few hot summer afternoons. Renters and small businesses can join.
source · verified 2 October 2026
What it pays
| Upgrade | Condition | Up to |
|---|---|---|
| Enrolment | A $75 virtual prepaid Mastercard, within 60 days of acceptance | $75 |
| Each year you stay enrolled | A $20 virtual prepaid Mastercard | $20 |
How an event works
- The thermostat may first drop one degree for 30 minutes to pre-cool the home.
- During the event it is raised up to two degrees Celsius above its setting.
- Events happen on the hottest summer days, when Ontario's grid demand peaks.
- You can opt out of any event from the thermostat or its app.
Who is eligible
- who
- Residential electricity customers of an Ontario local utility, owners or renters, with central air conditioning controlled by a smart thermostat; heat pumps that are part of central air conditioning count.
- thermostat
- An eligible internet-connected model from the programme's list.
- homes
- Low-rise condos and apartments with their own air conditioning qualify; high-rise units on a central building plant do not.
- limit
- The incentive is capped at three thermostats per residential address.
- Cornwall
- Not eligible: Cornwall is on Hydro-Québec's grid.
What disqualifies you
The rules people find out about after the work is done.
- Window units or ductless systems not controlled by a smart thermostat on central air.
- Taking part in another residential demand response programme in Ontario.
- A second enrolment payment for the same household after a move or a new thermostat.
Where the application goes
Through your thermostat's app or the Peak Perks site.
| If this is you | Apply here |
|---|---|
| Enrol | saveonenergy.ca |
| Questions | [email protected] |
The thing most pages get wrong
Its own page still advertises the Home Renovation Savings thermostat rebate as "$75 Off". Home Renovation Savings pays $100 for a qualified smart thermostat bought and activated by 31 December 2026 (Save on Energy's own page shows $75 struck out and $100). A household buying a thermostat and enrolling it can collect both: $100 off, then $75 on enrolment.
The $20 has a cut-off
The page describes the yearly $20 only for 2025 and 2026, each paid to thermostats enrolled before 30 September of the year before. It publishes no date for a 2027 payment, so a thermostat enrolled now is sure of the $75 and nothing more yet.
Not for heating
Peak Perks adjusts cooling only, on summer afternoons. It pays nothing toward a heat pump; Home Renovation Savings does.
Sources
- https://saveonenergy.ca/For-Your-Home/Peak-Perks — primary source, read 2 October 2026
- https://saveonenergy.ca/for-your-home/home-renovation-savings