If you’re heating your home with baseboards, a gas furnace, or oil, switching to a heat pump can save you thousands — and reduce your carbon footprint. But how much can you actually save? Let’s look at real numbers based on typical homes in Victoria and Southern Vancouver Island.
🏠 Example: 2,000 sq ft Home in Saanich
- Current system: Electric baseboard
- Average annual electricity usage (before): ~22,000 kWh
- Estimated usage after heat pump install: ~12,000 kWh
- Estimated savings: ~10,000 kWh = $1,300/year
(Based on BC Hydro Tier 2 rates)
Over 10 years, that’s $13,000 saved — plus increased comfort and cooling in summer.
🔁 Comparing to Other Systems
| Existing System | Potential Annual Savings |
|---|---|
| Oil Furnace | $1,800–$2,400 |
| Propane Furnace | $1,500–$2,000 |
| Electric Baseboard | $1,000–$1,400 |
| Gas Furnace | $500–$900 |
🎁 Available Rebates in BC
Eligible homeowners can receive up to:
- $6,000 in rebates from CleanBC
- $5,000 from the Canada Greener Homes Loan
- 0% financing for energy upgrades (via CEIP in select areas)
Ask AE Electric about current rebates in your area — we’ll help you apply.
🌡 Bonus: Year-Round Comfort
Unlike furnaces or baseboards, heat pumps cool your home in summer and dehumidify coastal air — improving comfort and air quality in every season.
📍 Where This Works Best
We see the highest return on investment in:
- Victoria, Oak Bay, View Royal
- Langford, Sooke, Metchosin
- Duncan, Cowichan Valley, Mill Bay
📞 Ready to Start Saving?
Get a free quote and home energy assessment from AE Electric Ltd. We’ll calculate your exact savings potential and handle rebate applications for you.