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Aug 4, 2016 · Furnace Oil – Current weekly consumer prices for furnace oil in 30 Canadian cities plus the average Canada price. Prices by city. Prices by year. All fuels in a combined price chart.
Jan 25, 2024 · Homeowners who are fully heating on oil and switch from an oil furnace to an eligible heat pump system could save approximately $1,500 to $4,500 per year on their home energy bills. Homeowners who switch from a gas furnace to an eligible heat pump system, could also save money depending on the region, climate, efficiency of the equipment and ...
Mar 25, 2019 · The current price of heating oil in Canada is CAD 1.51 per liter or USD 1.10 per liter. The latest update was on 01-Jul-2024. We show heating oil price data for Canada from 2019-03-25 to 2024-07-01.
Oct 6, 2022 · Furnace oil has been sitting around $1.50 to slightly over $1.60 per litre, give or take, for the past few months, down from a high of slightly over $2 per litre earlier this year. In early...
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The Honourable Jonathan Wilkinson, Canada’s Minister of Natural Resources, provided an update on the Oil to Heat Pump Affordability (OHPA) Program, introduced in November 2022. Starting today, eligible homeowners across Canada can pre-register through the Canada Greener Homes Initiative to begin their applications to access up to $5,000 in additional federal support for replacing home-heating oil with electric-heat pumps. Those who pre-register will be contacted once final program details are launched in the coming weeks. Currently, full registration is available through delivery partners in Prince Edward Island and Nova Scotia.
February 22, 2023 Vancouver, British Columbia Natural Resources Canada
Heat pumps not only help families save money on their monthly bills: they also help cut pollution and fight climate change. That’s why the Government of Canada is taking another step forward to help families make the switch from expensive home heating oil to efficient electricity heat pumps.
Today, the Honourable Jonathan Wilkinson, Canada’s Minister of Natural Resources, provided an update on the Oil to Heat Pump Affordability (OHPA) Program, introduced in November 2022. Starting today, eligible homeowners across Canada can pre-register through the Canada Greener Homes Initiative to begin their applications to access up to $5,000 in additional federal support for replacing home-heating oil with electric-heat pumps. Those who pre-register will be contacted once final program details are launched in the coming weeks. Currently, full registration is available through delivery partners in Prince Edward Island and Nova Scotia.
The OPHA program helps low-to-middle-income households that are currently heating their homes with oil to move to electric heat pumps. By switching, homeowners can receive up to $5,000 toward the purchase and installation of a new, cold-climate heat pump, save thousands of dollars annually on heating bills and help cut pollution.
This support is in addition to up to $5,000 in federal support from the $2.6-billion Canada Greener Homes Grant (CGHG), which is already supporting eligible homeowners to retrofit their home to reduce energy use and save money. With the OHPA Program, low-to-medium-income homeowners may qualify to receive a total up-front payment of up to $10,000. They could further benefit by combining additional financial assistance from other existing provincial, territorial, federal and utility programs, such as those already available in PEI and Nova Scotia.
“Replacing home heating oil with electric heat pumps is an effective way for families to save money while reducing pollution. Today, the Government of Canada opened pre-registrations for Canadians to access the Oil to Heat Pump Affordability Grant. When stacked with the Canada Greener Homes Grant, this means up to $10,000 in federal support for heat pumps.”
The Honourable Jonathan Wilkinson
Minister of Natural Resources
“By helping Canadians switch from the roller-coaster prices of home heating oil toward more affordable, Canadian-made electrical home heating, we’re saving households thousands of dollars on energy bills while fighting climate change. Cheaper home heating, less pollution. It’s a win-win.”
The Honourable Steven Guilbeault
Minister of Environment and Climate Change, Canada
•Homeowners in PEI are invited to register through the provincial Free Heat Pump Program.
•Homeowners in Nova Scotia are invited to register through the EffiencyOne website.
•Heat pumps are a proven and reliable technology in Canada, capable of providing year-round comfort control for a home by:
○ heating it in the winter;
○ cooling it in the summer (heat pumps, despite their name, can also act as air conditioners); and
○ in some cases, heating water.
Nov 10, 2023 · OTTAWA — Draft regulations removing the carbon price from home heating oil are now in effect, Finance Canada confirmed Friday, but the change will do little to ease affordability woes for...
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Oct 13, 2021 · The average retail price of furnace oil in Canada hit $1.33 per litre in early October, compared to 86 cents a litre and $1.14 a litre during the same period in 2020 and 2019, respectively,...
