Have you heard about the grants and rebates available for heat pump installation? Did you know that you may already be qualified? These incentives aren’t just for the installation of heat pumps in homes that need a new heating system. You could take advantage of this money to help pay for the installation of a hybrid heating system, a highly-efficient and effective heating solution. Read on to learn more about how you can save on upgrading your HVAC system.
What is a Heat Pump?
A heat pump is a type of HVAC system that can both heat and cool your home. Instead of buying both a furnace and an air conditioner, you just need a heat pump. A heat pump typically consists of one outdoor condenser unit connected to several indoor air handlers that disperse the warm or cool air throughout your home. There are ducted and ductless heat pumps.
A heat pump works one of two ways depending on the season:
- Heat pumps use refrigerants to pull heat from your household air, expelling it outside to cool your home in the summer.
- Heat pumps pull heat from the fresh air outside to transfer it into your home to heat your home in the winter.
What is a Hybrid Heating System?
While the installation of heat pumps is being incentivized with grants and rebates, hybrid heating systems can also qualify. Also called a dual-fuel heating system, it’s a combination of two heating sources – usually a heat pump and a furnace or boiler. The secondary heat source is typically powered by natural gas or propane.
The combination of these systems maximizes energy efficiency and cost-effectiveness while allowing for optimal comfort. It’s a great option for Toronto’s climate. You’ll notice enhanced energy efficiency which can help lower your utility costs. Plus, the furnace or boiler keeps your house warm on those extra cold days.
You may qualify for the available grants and rebates with your existing furnace. You could use the funds to install a qualifying heat pump with your furnace to make a hybrid system.
Heat Pump vs. Air Conditioner
A heat pump and an air conditioner work very similarly. An air conditioner uses refrigerant to absorb heat from the air inside the home and then releases it outside. Meanwhile, a heat pump works by transferring heat from one place to another. Heat pumps have the advantage of being able to not only cool your home but heat it also.
Here are some reasons why you might consider getting a heat pump instead of an AC:
- They’re more efficient.
- You can save on utility bills.
- They improve air quality.
- You can reduce your carbon footprint.
- They’re more versatile.
- They qualify for rebates and grants.
Finance Your Heat Pump
If you’re worried about paying for the heat pump or hybrid system, consider financing. When you take advantage of Spring Home’s financing program, you won’t have to make your first payment for 12 months! And with the grants and rebates, you’ll save thousands of dollars!
Find Out if You Qualify
The benefits that heat pumps and hybrid heating systems offer are abundant – from energy efficiency and cost savings to increased comfort and reduced environmental impact. If you’re considering a switch or upgrade in your home’s heating and cooling system, you can access thousands of dollars to help pay for the installation. Even if you currently have a furnace, you could still use these incentives to transition to a more efficient hybrid system. Plus, with flexible financing options, you can enjoy the benefits of a heat pump without the immediate financial burden.
Find out if you qualify!
The Spring Home team has been servicing the HVAC needs of the GTA for over 20 years. Our award-winning team of licensed technicians is committed to providing our clients with service they can trust and equipment they can rely on.