Heat Pump Savings Calculator — Burlington, ON

Find out exactly how much you’d save annually by switching from gas heating or an old AC to a heat pump — with Ontario rebates and real utility rate comparisons.

💰 Real Ontario Rates

📈 Payback Period

🔒 Free

💚

Heat Pump Savings Calculator

Get a quick estimate on how much you could potentially save in heating costs by switching from your current system to an air-source heat pump.

What is your current heating type?
Do you have any of your past utility bills?

Your actual bills help us provide a more accurate estimate. If not, we can estimate based on similar homes in your region.

What’s your approximate annual heating cost?

Check your utility bills or estimate based on your monthly costs.

$1,000 / year
$100$5,000
What type of fuel are you heating with?
Do you know how efficient your current furnace is?

AFUE = Annual Fuel Utilization Efficiency. Higher % = more efficient.

How old is your current heating system?

Older systems run less efficiently, so your actual savings may be even higher.

What climate region do you live in?
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💚 ESTIMATE READY
Your Heat Pump Savings Estimate
Estimated Annual Savings
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Current Annual Cost
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Est. HP Annual Cost
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5-Year Savings
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Est. Payback Period
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How we calculated this
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Important: This is a general estimate for informational purposes only. Actual savings vary based on equipment choice, local utility rates, usage patterns, and installation quality. Get quotes from certified contractors for accurate numbers.

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Find out exactly how much you could save — get free quotes from certified contractors.

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How Much Can Burlington Homeowners Save with a Heat Pump?

Savings depend heavily on what you're replacing see our full heat pump installation options. Burlington homeowners switching from natural gas heating to a heat pump system typically save $400–$1,200 per year on combined heating and cooling costs — though this varies with natural gas vs. electricity price fluctuations. Those replacing electric baseboard heating save dramatically more — often $1,500–$3,000 per year — because heat pumps move 2–4 units of heat for every 1 unit of electricity consumed. a ratio explained by Natural Resources Canada's heat pump program
ReplacingTypical Annual SavingsPayback Period (After Rebates)
Natural Gas Furnace + Old AC$400 – $1,200/yr6 – 12 years
Electric Baseboard + Window AC$1,500 – $3,000/yr3 – 6 years
Oil Furnace + Old AC$1,200 – $2,500/yr4 – 8 years
Propane Heating + Old AC$1,000 – $2,000/yr4 – 7 years

💡 How Rebates Improve Your Payback

Without rebates:
A $9,000 heat pump replacing gas heat might take 9–12 years to pay back from energy savings alone
With $5,000 in rebates:
The same heat pump has a net cost of $4,000 — payback drops to 4–6 years
With $7,500 in stacked rebates:
Net cost under $2,000 — can pay back in as little as 2–3 years
Burlington homeowners who stack Canada Greener Homes + Enbridge HER+ have seen rebates cover 40–60% of total installation cost. Burlington homeowners who combine Home Renovation Savings rebates with proper sizing see the fastest payback.

FAQs – Heat Pump Savings Calculator

What is the Heat Pump Savings Calculator?

The Heat Pump Savings Calculator is a free online tool that estimates how much you could save on your heating and cooling costs by switching to an energy-efficient heat pump. It compares your current system with a heat pump to provide potential annual savings.

The calculator uses information such as your current heating system, energy costs, home size, local climate, and estimated heat pump efficiency to calculate potential monthly and annual energy savings.

The calculator provides a reliable estimate based on the details you enter. the efficiency of the installed heat pump, which depends on regular maintenance.

Yes — compare a heat pump against your current furnace or central AC setup. The Heat Pump Savings Calculator can help you compare the estimated operating costs of a heat pump with other common heating systems, allowing you to better understand the potential financial benefits of upgrading.

For the most accurate results, your home's approximate size see how proper sizing affects your numbers, current heating system, monthly energy costs, local electricity or fuel rates, and your estimated heating and cooling usage.

Yes. Our Heat Pump Savings Calculator is completely free and provides instant estimates, helping homeowners evaluate the long-term financial benefits of installing an energy-efficient heat pump before making a decision.

A free tool that estimates your annual savings from switching to a heat pump.

It compares your current system to a heat pump using your home size, energy costs, and climate.

They're a reliable estimate — actual savings depend on insulation, usage, and local rates.

Yes — compare heat pump costs directly against your furnace, baseboard, or older AC.

Home size, current heating system, monthly energy costs, and local utility rates.

Get a Savings Comparison Built for Your Home

Our Burlington team, TSSA-licensed and insured, will quote you multiple options side-by-side. — with honest payback projections for each.
💰 Ontario Rebates Available
Burlington homeowners may qualify for up to
$7,500
in combined heat pump rebates — dramatically improving your payback.

(289) 812-7854

Ask about rebate eligibility
Get a Savings Comparison

Our Burlington team will quote you multiple efficiency options side-by-side — with honest payback projections for each.