Still thinking about applying for Ottawa’s heat pump incentive? Ottawa’s budget watchdog warns the grant program could run out of money sooner rather than later.
In a report released Thursday, the Office of the Parliamentary Budget Officer (PBO) says that if all eligible Canadians applied for the program — roughly 244,000 households nationwide — it would cost the government $2.7 billion.
The PBO says that while it’s unlikely that all 244,000 households will apply, the program is liable to face a shortfall even if only those expected to apply actually ask for the money.
The report says that as of mid-October 2023,10,000 households had been approved
