Rent, Finance or Buy a Heat Pump
Renting a heat pump gives you predictable monthly payments with maintenance, repairs, and parts coverage included at no extra cost. Buying a heat pump costs more upfront but means you own the equipment outright. Renting suits homeowners who want to avoid unexpected repair bills and prefer a fixed monthly cost. Buying suits homeowners who prefer full ownership and plan to stay in their home long-term. Both options include professional installation by licensed Reliance technicians.
How Much Does a Central Heat Pump Cost?
A new heat pump in Canada typically costs between $6,599 and $15,000 or more including installation. The total price depends on the system type (whole-home vs ductless), capacity, efficiency rating, brand and installation requirements.
Full air conditioner cost breakdown.
Central (Ducted) Heat Pump Pricing
| System Size | Installed Price Range | Monthly Rental |
|---|---|---|
| 1.5 Ton | $7,749 – $15,499 | $79.99 – $144.99/mo |
| 2.0 Ton | $6,599 – $16,299 | $79.99 – $144.99/mo |
| 2.5 Ton | $6,999 – $17,099 | $85.49 – $124.99/mo |
| 3.0 Ton | $7,399 – $17,899 | $81.99 – $152.99/mo |
| 4.0 Ton | $8,199 – $19,499 | $97.49 – $144.99/mo |
| 5.0 Ton | $8,599 – $20,299 | $101.49 – $154.99/mo |
Prices include professional installation. Rental pricing includes maintenance, repairs, and parts coverage. System size is determined by a proper load calculation, not square footage alone. Provincial rebates may reduce your purchase cost.
For a detailed breakdown by heat pump type, visit our Central vs Ductless Heat Pump Cost Guide.
Rent, Finance or Buy: We Have the Payment Solution to Fit Your Budget
Rent and Relax
- Year-round peace of mind
- Standard installation included
- Manufacturer-recommended annual maintenance included
- Repairs at no extra cost*
- One predictable monthly rental payment
- Option to buy out anytime
- Some rebates now include rentals
Finance
- Flexible payment and financing options to fit your budget
- Find out quickly if you are approved
- One predictable monthly payment
- Take advantage of any of our current deferral offers
- Competitive interest rates
Buy
- Full upfront payment required but you will own it
- Option to take advantage of any qualifying rebates or incentives
- Protection plans available for maintenance and repairs
Why Rent a Heat Pump with Reliance®?
Renting a heat pump is a popular choice for Canadian homeowners who want to avoid a large upfront investment while still getting an efficient system installed by licensed technicians.
- What’s included with a Reliance heat pump rental:Professional installation by licensed, experienced technicians
- Manufacturer-recommended annual maintenance at no extra charge
- Repairs covered at no extra cost for the life of your rental*
- 24/7/365 live telephone support
- One predictable monthly payment that is easy to budget for
- Option to buy out your rental at any time
Not sure whether renting or buying is the better fit? Our knowledgeable Home Comfort Advisors will walk you through both options during your free in-home consultation so you can make the decision that works best for your household.
You May Qualify for Government Rebates
Heat pumps are one of the most rebate-eligible home comfort upgrades in Canada. Depending on your province and utility provider, you may be eligible for rebates that can significantly reduce your total cost. Your Reliance Home Comfort Advisor can help you understand which rebates apply to your installation.
See current rebates and offers → See Current Rebates
Why Choose a Heat Pump?
A heat pump is one of the most energy-efficient ways to heat and cool your home. Instead of generating heat by burning fuel, a heat pump moves heat from one place to another, using significantly less energy in the process.
Heating and cooling in one system.
A heat pump replaces your air conditioner in the summer and provides efficient heating during milder weather. Your furnace only kicks in when temperatures really drop.
May reduce your energy usage.
Because heat pumps are more efficient than traditional heating systems at moderate temperatures, they may help lower your monthly energy use.
A greener choice.
Heat pumps produce fewer direct emissions than gas furnaces. With Canada’s electricity grid being largely powered by non-carbon-emitting sources – in Ontario, Manitoba and British Columbia, running a heat pump may further reduce your household carbon footprint.
Flexible options for any home.
Reliance offers both whole-home central heat pumps and ductless mini-split systems for single or multi-zone use, so there is a solution whether you have existing ductwork or not.
Not sure whether a heat pump or a traditional air conditioner is the right choice? Read this: What’s the Difference Between a Heat Pump and an Air Conditioner?
Whole-Home vs. Ductless: Which Heat Pump Is Right for You?
| Whole-Home Central Heat Pump | Ductless Mini-Split Heat Pump | |
|---|---|---|
| Best for | Homes with existing ductwork | Homes without ductwork, additions, garages, cottages, condos |
| Zones | Whole home (single zone) | Single or multi-zone |
| Installation | Connects to your existing duct system | Wall-mounted indoor units, no ductwork needed |
| Heating and cooling | Yes | Yes |
Not sure which is right for your home? Learn more about ductless mini-split heat pumps or book a free consultation and let a Reliance Home Comfort Advisor assess your home’s needs.
Brands You Can Trust
Reliance partners with leading manufacturers to offer heat pumps built for Canadian climates:
- Carrier® – Over a century of innovation in heating and cooling
- Trane® – Reliable, energy-efficient comfort
- Hisense – Budget-friendly ductless options
- SmartAir – Reliance’s own brand that provides budget friendly, high-quality systems
Your Home Comfort Advisor will recommend the right brand and model based on your home’s size, layout, insulation and heating needs. Reliance never sizes equipment by square footage alone. Every recommendation is based on a proper load calculation. Learn more about how we find the right fit for your home in What Size Air Conditioner Do I Need.
What Our Customers Are Saying About Us In:
Durham
Absolutely professional exceeded my expectations. I was very concerned as my basement was finished w hether or not they could run air conditioning into my townhouse without disrupting my finished basement. Well let me tell you something Reliance Whitby came through. Thinking of HVAC. Trust Reliance and Jeff Rendall.
Just had my air conditioner installed today. Fast, clean, professional, and courteous. The Durham in stallation team was amazing. From our knowledgeable, friendly and down-to-earth sales rep to our installation pros – the Reliance team earned our business and we highly recommend them.
Why Choose Reliance
We are proud of every 5-star review we earn!
Brand Selector
Hisense Ductless Mini-Split Heat Pump
- Ductless all-season cooling and heating
- Energy-efficient
- Single and multi-zone available
- Single Zone up to 9.5 HSPF2
- Multi-Zone up to 10.1 SEER2/9.5 HSPF2
- Budget-friendly option
Carrier MURA Heat Pump
- Multi-stage heating and cooling.
- Single-zone system with up to 28.1 SEER2 and 12.4 HSPF2
FAQs
Monthly rental costs vary depending on the type and model of heat pump. Rental includes standard installation, annual maintenance and repairs at no extra cost. Contact Reliance for a personalised quote. Read more about central ac vs heat pump costs in our guide.
Yes. Reliance rental agreements include the option to buy out your equipment at any time.
Heat pumps provide efficient heating at moderate temperatures. When temperatures drop significantly, your furnace takes over. Together, the two systems work as a hybrid to keep your home comfortable year-round.
The right size depends on your home’s heating and cooling load, which is determined by a proper load calculation, not square footage alone. A Reliance Home Comfort Advisor will assess your home during your free consultation.
Yes. Heat pumps may qualify for provincial and federal rebates. In Ontario, the Home Renovation Savings Program offers up to $7,500 for cold climate air source heat pumps for example. Your Reliance Home Comfort Advisor can help identify which programs apply to your installation.
Need a new furnace air conditioner or hot water heater but not sure whether to rent or buy?
Regardless of your equipment needs, it’s important to know what’s right for you. Here’s what you need
to know to get started. A rental unit is a great option for a lot of homeowners as it gives peace
of mind. The repairs are always covered. Lifetime repairs and maintenance are included with your
rental so you’ll never be surprised with an unexpected repair bill. As a rental customer,
you’ll also have 24/7, 365 live telephone support and direct access to technicians
that know your equipment and have all the parts on hand to service it fast so
you never have to worry about being without heating, cooling or hot water. With rental,
you’ll also get the convenience of one low monthly payment that is easy to budget for.
Even with our most efficient units, there are no upfront equipment costs and you can take advantage
of any available government rebates. Plus, when you rent your heating or cooling system,
your annual maintenance is fully covered. That even includes the maintenance of your humidifier
and upgraded filters for optimal airflow. Buying is another great option. Buying your equipment
allows you to take advantage of special promotions or competitive financing rates so you can still
find the right equipment that fits your budget. Plus when you purchase your equipment, you’ll
still have access to Reliance’s large network of professionally trained technicians. We also
include standard parts and labour warranties on all of our equipment so that you will be covered
in the event of a faulty part or breakdown. You’ll also have the ability to keep your heating and
cooling equipment running efficiently by adding a Protection Plan to your purchase that includes
annual maintenance and allows you to avoid most unexpected repair costs. At the end of the day,
the best option is whatever suits the needs of you and your family. If you’re renting,
your unexpected repairs and annual maintenance for your furnace and AC are covered. With buying,
you’ll own your equipment and you’ll always have the option to cover repair and maintenance
costs with a Protection Plan after your warranty period. Whichever you choose,
you can Call on Reliance™ and schedule a time with our trusted Home Comfort Advisors. Our
Advisors will take the time to assess your needs and help you make the right decision.
*Replacement is subject to standard rental terms & conditions. Subject to exclusions set out in the standard rental terms & conditions.
Featured AC Resources
Heat Pumps for Canadian Homes: All-in-One Heating and Cooling
Heat Pump FAQs
