Estimate installed cost, annual heating cost, savings, and payback for a heat pump in Canada using province-aware electricity and climate assumptions.
Installed cost
Compare install quotes, rebates, and net upfront cost before you commit to a heat pump project.
Annual heating cost
Estimate yearly heat pump operating cost using your province, electricity price, backup heat share, and current fuel setup.
Savings and payback
See whether lower operating cost is enough to justify the install cost under realistic Canadian assumptions.
Best for: homeowners comparing heat pump cost against natural gas, propane, oil, or electric resistance heat. Use your real annual heating spend for the strongest estimate, or switch to home details mode for a rough planning range.
Net upfront cost
Annual savings
Simple payback
Baseline annual cost
Heat pump annual cost
How this estimate was calculated
This calculator uses typical climate and efficiency models. Your actual costs may vary based on equipment, insulation, and local weather.
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Related guides
- What drives heat pump paybackThe inputs that most affect savings and payback time.
- Cold climate heat pump performanceWhy model choice matters in cold weather and how backup heat affects costs
- Heat pump cost in Canada: install cost, running cost, and paybackHow to compare installed cost, annual operating cost, rebates, and payback when replacing gas, oil, propane, or electric heat in Canada.
- Rebates and upfront costsHow rebates and installed cost shape payback time.
- How we calculate paybackA plain-language overview of the ROI methodology.
FAQ
What does this heat pump cost calculator include?
It estimates net installed cost after rebates, annual heating cost with the heat pump, annual savings versus your current fuel, and simple payback.
How accurate is a heat pump cost estimate in Canada?
It is most accurate when you enter real annual heating spend, electricity price, install quote, rebates, and fuel price. Province defaults are planning assumptions, not contractor quotes.
Which homes usually see the biggest heat pump savings?
Homes replacing oil or propane often see stronger savings than homes replacing efficient natural gas, especially when electricity rates are moderate and cold-climate equipment is used.
Should I focus on operating cost or payback?
You should look at both. Operating cost shows the ongoing bill impact, while payback shows how long the upfront investment may take to recover.