Yes, but not the direct government cheque you might be expecting. Federal and provincial funding has shifted almost entirely away from natural gas equipment and heavily toward electric heat pumps.
| Program / Source | Current Status | What You Need to Know |
| Canada Greener Homes Grant | Closed | Stopped accepting new applications in early 2024. You can no longer apply for a new furnace upgrade here. |
| Federal & Provincial Subsidies | Active | Funding is exclusively focused on electrification (heat pumps), with up to $7,500 available for air-source heat pumps in Ontario. Standard gas-for-gas furnace swaps do not qualify. |
| Home Renovation Savings (HRS) | Active | The new joint program by Enbridge and Save on Energy offers rebates for insulation and heat pumps, but not traditional gas furnaces. |
| Municipal Energy Programs | Fluctuates | Short-term, localized incentives appear without warning for specific equipment brands and typically close quickly. |
Why Gas Rebates Are Disappearing
Current policies are aggressively trying to transition properties away from fossil fuels, meaning governments are no longer interested in subsidizing natural gas equipment—even highly efficient 96% AFUE models. If you are open to installing a heat pump instead of a traditional furnace, you will find the vast majority of today’s incentive dollars waiting for you there.
Waiting Will Cost You
Rebate programs operate on government timelines, which rarely align with a failing motor in the middle of a Mississauga winter. If your current furnace is over 15 years old, breaking down frequently, or running at a low 80% efficiency rate, waiting around for a hypothetical rebate to launch will only drain your wallet through high heating bills and emergency repair fees. Getting a reliable, high-efficiency furnace replacement now is almost always cheaper than waiting on Ottawa.
We size and quote both options at no charge, so you can compare the real numbers before you commit. Book your free in-home quote and we will tell you honestly which one makes sense for your house.
