Geothermal Incentives & Grants (for Manitoba)

The following are the incentives and grants that are currently available to residents within Manitoba, Canada.

For more information on the specific incentive/grant, click on the associated link. You can also get more information by contacting us by phone or email. If you are thinking about having a geothermal system installed by us, Paradise Geothermal, will provide you with all the information you need to apply for any of the incentives and/or grants...if you’re eligible, we’ll even fill the paper work out for you!

Manitoba Geothermal Energy Incentive Program (click for full information)

There are provincial incentives up to approximately $5,000 for eligible new and existing geothermal system installations in new or existing homes. These incentives include a Green Energy Equipment Tax Credit worth about $2,400 and a $2,600 grant for homes within a natural gas serviced area.

For commercial buildings, owners are eligible to receive up to 15% of the value of their installed geothermal system.

For eligibility requirements for these provincial incentives from the Government of Manitoba, click
here.

Residential Earth Power Loan (click for full information)

As a homeowner, with the Residential Earth Power Loan, you’ll be assisted with the cost of installing a geothermal heat pump.

Whether you have an existing home (retrofit) or a new home, this loan is available for you. Financing is available up to $20,000 over a maximum term of 15 years with an interest rate of 4.9% (initial 5-year fixed term). This loan is paid back with payments on your Manitoba Hydro energy bill.

For eligibility with this loan, the following criteria must be met:
  • the homeowner must be a Manitoba Hydro customer and be approved for credit from Manitoba Hydro
  • the heat pump must be designed and installed by a certified contractor (recognized by
MGEA)
  • the geothermal heat pump must be tested and rated under CSA Standard C-13256, and installed to meet CSA C448
  • the heat pump must not be air-source (air-source heat pumps do not qualify)

Manitoba Hydro also offers a Commercial Earth Power Loan for business owners. For more information on the commercial loan, please contact us.