Heat pumps can be a cost-effective way to heat and cool homes while reducing climate pollution. 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. Results reflect average costs over the lifetime of the equipment and do not reflect individual circumstances of each user. The calculator includes rebates available through the federal Greener Homes Grant, which paused applications in February 2024. For a more accurate picture of current costs, users should discount rebates from this program if they have not already qualified.

The tool was last updated in March 2024. More technical detail is available here.