How Much Does a Heat Pump Cost in Canada? (2026 Guide)
A heat pump installed in Canada typically costs between $4,500 and $14,000+ CAD depending on the model, home size, and installation complexity. All prices are installed costs — equipment, labour, permit, and removal of old equipment. Prices verified August 2026 by Direct Air Systems, Bolton ON — Lennox Premier Dealer.
Heat Pump Installed Price Ranges in Canada (2026)
Lennox Central Heat Pump — Installed
- Lennox Merit ML17XP1 — 14.3 SEER2. Installed: [TEAM TO CONFIRM] CAD
- Lennox Elite EL22XPV / EL17XP1 — up to 19.5 SEER2. Installed: [TEAM TO CONFIRM] CAD
- Lennox Signature SL25XPV — up to 23.2 SEER2, ENERGY STAR Most Efficient. Installed: [TEAM TO CONFIRM] CAD
Mitsubishi Ductless Mini-Split — Installed (per zone)
- Mitsubishi Standard Mini-Split — 24.6 SEER2. Per zone: $2,500–$5,000+ CAD
- Mitsubishi H2i Hyper-Heating — 33.1 SEER2, to -30°C. Per zone: $3,500–$7,000+ CAD
Dual-Fuel Hybrid (Heat Pump + Gas Furnace)
- Lennox heat pump + Lennox gas furnace: $12,000–$20,000+ CAD. Most efficient solution for GTA homeowners.
What Affects Heat Pump Installation Cost?
- Model tier — Merit, Elite or Signature. Each step up improves efficiency and increases cost.
- Home size and BTU load — requires a Manual J calculation. Larger homes need larger units.
- Ductwork — homes without ductwork need a ductless mini-split system.
- Electrical panel — older homes may need a panel upgrade ($1,500–$3,500+).
- Dual-fuel setup — adding a gas furnace for backup increases upfront cost but maximizes efficiency.
Heat Pump Rebates in Ontario (2026)
Note: There is no Ontario rebate for standalone gas furnace replacement. Heat pump rebates may include the Canada Greener Homes Oil to Heat Pump Affordability Program and Ontario Home Renovation Savings Program. Confirm eligibility at Canada.ca. Lennox also runs seasonal dealer promotions — ask about current offers during your free assessment.
Frequently Asked Questions
How much does a heat pump cost installed in Canada?
A heat pump installed in Canada (CAD) typically ranges from $4,500 to $14,000+ depending on the model, home size, and installation complexity. Mitsubishi ductless mini-splits start around $2,500 per zone installed. A free in-home assessment is required for an accurate quote.
What rebates are available for heat pumps in Ontario in 2026?
The Canada Greener Homes Oil to Heat Pump Affordability program and Ontario Home Renovation Savings Program may offer incentives for qualifying installations. Confirm current programs at Canada.ca before purchasing. Lennox also runs seasonal dealer promotions.
Is a heat pump worth it in Canada?
Yes, for most GTA homeowners. A cold-climate heat pump like the Lennox SL25XPV delivers 2-3x more heating energy per dollar than a gas furnace at temperatures above -10°C. Combined with a gas furnace in a dual-fuel system, you get heat pump efficiency for 80% of the heating season and furnace power for the coldest days.
How long does a heat pump last in Canada?
A properly installed Lennox heat pump typically lasts 15-20 years. Lennox includes a 10-year parts warranty when registered within 60 days of installation.
What is the difference between a heat pump and a furnace?
A gas furnace burns natural gas to create heat. A heat pump moves existing heat from the outdoor air into your home using electricity — 2-3x more efficient at mild temperatures. Many GTA homeowners use both in a dual-fuel system.
Also see: Lennox Heat Pump Installation Service | Browse Lennox Heat Pump Models | Furnace vs Heat Pump Canada