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   Should Canadians switch from an oil furnace to an electric heat pump?

   • Making the shift from an oil furnace to an electric heat pump significantly reduces Canadians’ energy bills and Canada’s emissions. The Government of Canada has been helping Canadians make this switch through a range of programs, including through NRCan’s Oil to Heat Pump Affordability (OHPA) program.

   Enhancements to the Oil to Heat Pump Affordability Program

   natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/oil-heat-pump-affordability-program/enhancements-the-oil-heat-pump-affordability-program/25485

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   How much does heating oil cost in Canada?

   • We show heating oil price data for Canada from 2019-03-25 to 2024-06-03. The average heating oil price during that period is CAD 1.41 per liter with a minimum of CAD 0.81 on 2020-05-11 and a maximum of CAD 2.35 on 2022-11-07. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources.

   Canada heating oil prices, 03-Jun-2024 | GlobalPetrolPrices.com

   www.globalpetrolprices.com/Canada/heating_oil_prices/

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   Why are oil-heated homes so expensive in Canada?

   • Oil-heated households in Canada face the highest and most volatile heating bills on a relative basis, which are becoming increasingly difficult to manage in the context of high global inflation rates. Home heating oil prices in Canada in 2022–2023 were approximately 30 percent higher than in 2020–2021.

   Enhancements to the Oil to Heat Pump Affordability Program

   natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/oil-heat-pump-affordability-program/enhancements-the-oil-heat-pump-affordability-program/25485

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   How much does it cost to heat a Canadian home?

   • In 2023, the average Canadian home that is fully heated on oil and using between 1,000 and 3,500 litres per year of oil would spend approximately $2,000 to $5,500 per year, depending on the province or territory, the climate, the efficiency of the equipment and heating load — making it the most expensive heating option.

   Enhancements to the Oil to Heat Pump Affordability Program

   natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/oil-heat-pump-affordability-program/enhancements-the-oil-heat-pump-affordability-program/25485

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2. natural-resources.canada.ca › our-naturalFurnace Oil Prices - natural-resources.canada.ca

   natural-resources.canada.ca › our-natural

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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.

3. natural-resources.canada.ca › energy-efficiencyEnhancements to the Oil to Heat Pump Affordability Program

   natural-resources.canada.ca › energy-efficiency

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   Jan 25, 2024 · Since early 2023, through OHPA, the Government of Canada has been providing an upfront, advance payment of up to $10,000 to low-to-median-income Canadian households that use home heating oil to help them cover the cost of purchasing and installing an eligible heat pump system.

4. www.cheapestoil.com › Nova-ScotiaCompare home furnace oil prices across Halifax, Nova Scotia

   www.cheapestoil.com › Nova-Scotia

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   Nova Scotia furnace oil prices We are just starting to include prices for parts of Canada such as in and around Halifax in Nova Scotia. These quotes are per litre and likely exclude taxes.

5. www.globalpetrolprices.com › Canada › heating_oil_pricesCanada heating oil prices, 01-Jul-2024 | GlobalPetrolPrices.com

   www.globalpetrolprices.com › Canada › heating_oil_prices

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   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.

6. www.canada.ca › en › natural-resources-canadaOil to Heat Pump Affordability Grant (National) - Canada.ca

   www.canada.ca › en › natural-resources-canada

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   Feb 22, 2023 · 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 swapping out home heating oil with electric heat pumps.

   • Author: Natural Resources Canada

7. www.canada.ca › en › natural-resources-canadaCanadians Can Now Pre-Register for the Oil to Heat Pump ...

   www.canada.ca › en › natural-resources-canada

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   Feb 22, 2023 · 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.

8. www.aceheatpumps.ca › post › from-oil-furnace-toFrom Oil Furnace to Heat Pump (OHPA): Canada's Comprehensive ...

   www.aceheatpumps.ca › post › from-oil-furnace-to

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   Oct 28, 2023 · Discover the ultimate guide to Canada's Oil to Heat Pump Affordability Program. Dive deep into eligibility criteria, rebates, technical assistance, and more. Plus, get insights on approved contractors by NB Power's Save Energy Program. Make an informed switch today!