To participate, you must:
- Be a Hydro One residential (non-seasonal) customer
- Own your home
- Use either an electric furnace or electric baseboards as your primary heat source
- Complete three short surveys about your experience with the heat pump and the pilot.
Additional eligibility requirements may apply*.
Energy Savings and Paybacks
A heat pump is expected to reduce your space heating energy usage by approximately 50% compared to a conventional electric space heating unit.
BASE TECHNOLOGY | ELECTRIC BASEBOARD | ELECTRIC CENTRAL FURNACE | ELECTRIC CENTRAL FURNACE with electric water heater |
|
---|---|---|---|---|
1 Storey | 2 Storey | 2 Storey | 2 Storey | |
Estimated Annual Operating kWh | 8,250 | 12,350 | 12,500 | 16,600 |
Annual Operating Cost ($0.2/kWh) |
$1,650 | $2,470 | $2,500 | $3,320 |
AIR SOURCE HEAT PUMP (ASHP) | DUCTLESS ASHP | CENTRAL ASHP | CENTRAL ASHP with Supplemental Water Heating |
|
1 Storey | 2 Storey | 2 Storey | 2 Storey | |
Estimated Annual Operating kWh | 4,500 | 6,000 | 6,000 | 9,000 |
Annual Operating Cost ($0.2/kWh) |
$900 | $1,200 | $1,200 | $1,800 |
ANNUAL SAVINGS | $750 | $1,270 | $1,300 | $1,520 |
Hydro One expects a payback of between 3 to 4.5 years depending on the unit that is installed in your household, based on $0.20 per kWh and a 50% incentive. This means that within 3 to 4.5 years you will save the equivalent of your investment and afterwards you will be saving money. A heat pump is expected to last about 20 years with proper maintenance just like a conventional gas furnace.
Gas Furnace Sales Ottawa
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