1. What is a Heat Pump Cost Calculator for Ontario?

Definition: This calculator estimates the total cost of installing a heat pump in Ontario, including equipment, installation, and applicable rebates.

Purpose: Helps homeowners and contractors budget for heat pump installations while accounting for Ontario-specific incentives.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Base Price — Calculated based on home size and heat pump type
• Installation — Typically 20% of base price
• Rebates — Current Ontario government incentives

3. Importance of Accurate Cost Estimation

Details: Proper cost estimation helps with budgeting, financing applications, and comparing different heat pump options.

4. Using the Calculator

Tips: Enter your home size, select heat pump type and efficiency level, and choose whether to include Ontario rebates.

5. Frequently Asked Questions (FAQ)

Q1: What rebates are available in Ontario?
A: Ontario offers up to $5,000 for air-source and $10,000 for ground-source heat pumps through the Canada Greener Homes program.

Q2: How accurate are these estimates?
A: Estimates are within 15-20% of actual costs. Get quotes from certified installers for precise figures.

Q3: Does this include electrical upgrades?
A: No, additional costs may apply if your electrical panel needs upgrading.

Q4: What's the lifespan of a heat pump?
A: Typically 15-20 years for air-source, 25+ years for ground-source systems.

Q5: Are there additional incentives?
A: Check with your local utility provider for possible additional rebates.