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1. natural-resources.canada.ca › energy-efficiencyOil to Heat Pump Affordability program

   natural-resources.canada.ca › energy-efficiency

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   Jun 18, 2024 · The Oil to Heat Pump Affordability (OHPA) program helps homeowners who are currently heating their homes with oil, transition to eligible heat pump systems. Making the switch can help you save thousands of dollars on your heating bills every year and help reduce greenhouse gas emissions.

2. ctheatloan.com › calculatorEnergizeCT Heating Loan | Contractor Tools

   ctheatloan.com › calculator

   5 days ago · Loan Calculator Instantly calculate the monthly payment and down payment required (minimum 10%) based on the projected energy savings of the proposed heating system.

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.canada.ca › en › servicesFinancial tools and calculators - Canada.ca

   www.canada.ca › en › services

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   • Overview
   • Services and information
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   Financial tools and calculators

   Tools to help you choose a bank account and credit card, including budget and mortgage calculators.

   See full list on canada.ca

   Budget Planner

   Create your budget and receive personalized tips to improve your finances.

   Financial Goal Calculator

   Calculate how to pay down your debt and reach your savings goals.

   Mortgage Calculator

   Calculate your mortgage payment schedule and how to save money by making prepayments.

   See full list on canada.ca

   •Financial Consumer Agency of Canada

   •Innovation, Science and Economic Development Canada

   See full list on canada.ca

5. www.finder.com › ca › personal-loansPersonal Loan Calculator | Calculate Monthly Payments ...

   www.finder.com › ca › personal-loans

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   May 10, 2023 · Use this personal loan calculator to find out how much your monthly payments will be. Also calculate the total interest charged.

6. www.theglobeandmail.com › tools › loan-calculatorLoan Calculator - The Globe and Mail

   www.theglobeandmail.com › tools › loan-calculator

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   Visit Globe Investor and use our free Loan Calculator to quickly find out your loan total or payment and see how extra payments reduce interest and time to pay off.

7. People also ask

   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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   What is oil to heat pump affordability (OHPA)?

   • The Oil to Heat Pump Affordability (OHPA) program helps homeowners who are currently heating their homes with oil, transition to eligible heat pump systems. Making the switch can help you save thousands of dollars on your heating bills every year and help reduce greenhouse gas emissions.

   Oil to Heat Pump Affordability program

   natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/oil-heat-pump-affordability-program/24775

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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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   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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8. heatpumpcalculator.caHow heat pumps pay off in Canada

   heatpumpcalculator.ca

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   This interactive tool helps you to compare the cost of heat pumps to other home heating and cooling options in five cities across Canada. It was developed by experts at the Canadian Climate Institute based on extensive economic analysis.