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Heat Pump Cost in Ontario

Understanding the heat pump cost in Ontario is a key step for homeowners interested in upgrading their heating and cooling system to an industry-leading energy-efficient solution.

The popularity of heat pumps in Ontario has skyrocketed in recent years as these cost-effective and energy-efficient systems have proven to be a trusted choice for many homeowners. Heat pumps are a 2-in-1 systems that will keep you comfortable all year-round with their ability to heat your home during the cold months and switch to air conditioning mode during the summer. Additionally, the Canadian Government and Enbridge Gas initiated a new program in 2023 called the Greener Homes Grant that allows Canadian homeowners to take advantage of up to $7,100 in heat pump rebates for eligible equipment.

Heat Pump Cost in Ontario

But you might be wondering, what is the heat pump cost in Ontario? Follow along to learn about the various factors that affect heat pump cost as well as how you can upgrade to a heat pump cost-effectively.

The cost to install or replace a ducted heat pump in Ontario can range from $6,700 to $12,000, with the average cost being $8,500.

Factors Influencing Heat Pump Cost

Type of heat pump

The two main types of heat pumps are geothermal and air-source. Geothermal heat pumps are more expensive to install, but they are more efficient in extreme cold temperatures. Note that air-source heat pumps still provide considerable energy savings when compared with traditional heating and cooling systems. There is also a price difference to consider between packaged, split, and dual-fuel systems.

Labor cost

The labor cost for heat pumps can vary greatly based on the type of installation. Labour costs are determined on a case-by-case basis as some installations are simple and less labor-intensive, while others require significantly more work. For example, geothermal heat pumps require digging and excavation, in some cases require replacement or additional ductwork, and if you’re adding an electrical unit in an old home it may require an electrical panel upgrade. The installation cost for particularly labor-intensive installations can be double or triple the cost of a standard installation.

Efficiency level

The efficiency level of heat pumps manufactured in 2023 or later is marked by a SEER2 (Seasonal Energy Efficiency Rating 2) rating. Higher efficiency levels mean savings on operating costs, but units with high SEER2 ratings also have a higher upfront cost. Of course, the cost difference of efficient systems will be recouped with savings on your monthly utility bills.

Size of space

The size of the space that you’re heating or cooling will affect the heat pump cost. A large heat pump that will heat and cool your entire home will cost more than a small heat pump used to heat or cool a single room.

Get Heat Pump Rebates with the Canada Greener Homes Grant

In 2023, The Government of Canada and Enbridge Gas created the Greener Homes Grant as a federally-funded rebate program designed to encourage homeowners to upgrade their home’s with energy efficient and environmentally friendly improvements, like heat pumps. The main heat pump rebates program in Ontario is the Home Efficiency Rebate Plus (HER+) that allows homeowners to receive rebates of up to $7,100 when upgrading their home to an eligible heat pump.

We can help you through the whole grant process from signing up, scheduling your pre- and post-retrofit evaluations, installing the equipment, and submitting documents. Contact us at any time and we would be happy to guide you towards the most energy-efficient and cost-effective solutions for your home!

Check out this page for a full step-by-step guide on the Home Efficiency Rebate Plus (HER+) program.

New Heat Pump with No Upfront Cost

If you’re interested in upgrading your home to a heat pump but are turned off by the upfront cost, then heat pump rental or financing may be the perfect option for you. Heat pump rental or financing allows you to take advantage of all the benefits without the upfront cost. You will even be eligible for the rebate program with no upfront cost! We have a selection of rental and financing options available that can be tailored to meet the needs and budget of any homeowner. Contact us today and our team of HVAC professionals would be happy to help you find the best solution for your home.

We hope that you now have a better understanding of the heat pump cost in Ontario and how you can upgrade your home to energy-efficient equipment in the most cost effective way possible. If you want to upgrade your home’s heating and cooling system to a brand new heat pump or have any HVAC-related questions or concerns, don’t hesitate to contact DeMark Home Ontario today! We have great heat pump purchase, rental, and financing programs for any budget and a selection of products from the top brands on the market.

If you’re looking to upgrade your old heating and cooling system to a Super High Efficiency Heat Pump / Furnace just give us a call and we can guide you through the Government and Enbridge grant process from start to finish.

We’ll book everything for you and complete the installation.

Submit an online request or call us now to get a 2 minute quote over the phone.

(647) 847-2998

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Upgrading to a high-efficiency heating and cooling system offers more than energy savings.

Take advantage of these rebates today!


This item comes with absolutely free standard installation. We’ll ensure that the product is completely installed to code and fully functioning prior to leaving.


Great news! Receive a brand new digital thermostat absolutely free when renting this HVAC product from DeMark Home Ontario.


Great news! When renting a furnace or air conditioner, you’ll get your first 2 months absolutely rent free.


Great news! When renting a furnace and air conditioner together, you’ll get your first 3 months absolutely rent free.


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This water heater is subject to reduced rental rates based on the DHO discount program. Save money on your bill every single month!

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Save money on this item when buying it along with a qualifying high-efficiency furnace or air conditioner.

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Great news! When renting a qualifying water heater, you’ll get your first 2 months absolutely rent free.


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Notice for Power Vent Water Heater Customers

Effective August 2007, gas code requires technicians working on venting to replace black ABS vent pipe with white UL-certified vent pipe.

We will upgrade your venting pipes at no additional cost.

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