The CleanBC Better Homes Rebate Program is a program coordinated by the Province of BC to accelerate home energy retrofits and reduce energy use by providing incentives for high efficiency heating equipment and building envelope improvements. To help support this effort, the City of Nanaimo is also providing top-up funding.
More information on the CleanBC Better Homes Rebate Program.
City of Nanaimo CleanBC Rebate Top Ups
Fuel Switch Heat Pump
The Fuel Switch Heat Pump rebate is for participants that switch from a fossil fuel (oil, natural gas, or propane) heating system to an electric air-source heat pump. The City of Nanaimo will top-up the rebate by $350. Participants either can install a fully electric heat pump system, or install a dual-fuel heat pump system with back up fossil fuel heating (i.e. a furnace). The City's top-up is in addition to to the heat pump rebates currently on offer through the Clean BC Better Homes Program.
Electric Service Upgrade
The City of Nanaimo is offering a $500 top-up to the Clean BC Better Homes Program for participants upgrading their electrical service to 100, 200, or 400 amp service, and switching from a fossil fuel (oil, natural gas, or propane) space, or a water heating system to an electric air-source heat pump or heat pump water heater. This top-up offer is in addition to the heat pump and electric service upgrade rebates currently available through the CleanBC Better Homes Rebate Program.
Heat Pump Water Heater
The City of Nanaimo is offering a $350 top-up available for participants that switch from a fossil fuel (oil, natural gas, or propane) water heating system to an electric heat pump water heater. This top-up offer is in addition to the heat pump rebates currently available through the CleanBC Better Homes Rebate Program.
Available Financing
Low- Interest Financing Program
The CleanBC Better Homes Low-Interest Financing Program provides loans with a promotional interest rate of 0% for switching from fossil fuel (oil, propane, or natural gas) heating system to a heat pump. Loans are provided by Financeit and accessed via CleanBC Finance Registered Contractors. Applicants can apply for the low-interest financing offer or a rebate, not both.
- Interest rates: 0%
- Loan size: $1,000 – $40,000
- Amortization period: 60 months (5 years)