How much does Heat Pump Financing Program pay?

Published amounts run from $350 to $550, depending on the upgrade and the conditions attached to it. Every amount and its conditions are listed on this page, each with the date it was last verified against the administrator's own page.

What disqualifies you from Heat Pump Financing Program?

Dual-fuel systems, such as a heat pump with natural gas back-up. Replacing broken oil equipment. Work begun before the financing agreement is signed.

Where do you apply for Heat Pump Financing Program?

Apply: https://www.saanich.ca/EN/main/community/sustainable-saanich/climate-change/programs-rebates/heat-pump-financing.html; Questions: info@SaanichHeatPumpFinancing.ca or 778-405-1123.

Fix First Home › British Columbia › Heat Pump Financing Program

Heat Pump Financing Program open

Administered by the District of Saanich, administered by City Green Solutions.

Saanich's interest-free loan to replace an oil, gas or propane furnace or boiler with an electric heat pump: up to $12,000, repaid over 10 years on the property tax bill, plus a grant of $350 or $550 toward the energy evaluation. Half the spaces each year are kept for income-qualified households.

source · verified 27 September 2026

What it pays

Interest: 0%
Most you can borrow: $12,000; Saanich's example: $1,200 a year for 10 years
How you repay: An additional levy on the property tax payments, for up to 10 years; it can be deferred along with provincial tax deferment
Time to finish: 10 months from the date the local area service bylaw is adopted
Places: About 30 to 60 a year, first come, first served; half kept for income-qualified participants

Energy evaluation grants
Upgrade	Condition	Up to
Home energy assessment	Grant for standard-stream participants; $75 more for an inaccessible suite	$350
Home energy assessment	Grant for income-qualified participants	$550

Who is eligible

Who can apply

A single-family house, duplex, qualified townhouse or mobile home in Saanich, heated mainly by oil, natural gas or propane
Property taxes in good standing, and the financing agreement signed before any work starts
A program-eligible contractor; ducted, ductless, air-to-water and combined systems all qualify
The heat pump becomes the main heat, and any back-up heat is not fossil fuel
Tenant households can qualify through the income-qualified stream, with a consent form

Income-qualified stream: combined income of the two main earners
People in the home	Income
1	$99,891
2	$124,358
3	$152,884
4	$185,620
5	$210,528
6	$237,438
7 or more	$264,353

What disqualifies you

The rules people find out about after the work is done.

Dual-fuel systems, such as a heat pump with natural gas back-up.
Replacing broken oil equipment.
Work begun before the financing agreement is signed.

Where the application goes

Where the application goes
If this is you	Apply here
Apply	saanich.ca
Questions	[email protected] or 778-405-1123

The thing most pages get wrong

$12,000 has not covered a single heat pump installed through it. Saanich's own pilot report: "All heat pumps installed through the program exceeded the maximum financing amount ($12,000); heat pump prices ranged from $12,657 to $37,590." The report recommends raising the cap to match Nanaimo's $15,000.

An income table the province has since raised

The income-qualified stream still uses the Energy Savings Program's older Level 3 lines, $99,891 for one person, which the province raised on 6 July 2026 to $102,100. Oil tanks must come out with Saanich Fire permits.