Smart Home Pulse may earn a commission if you buy through links on this page. It doesn’t change what we recommend. See our affiliate disclosure. Rebate details were checked in September 2026. Programs change, so confirm on the official sites before you buy.
Quick answer: Ontario homeowners can get a $125 instant rebate on an eligible smart thermostat through the Home Renovation Savings program. If you have central air, you can also earn $75 for joining Save on Energy’s Peak Perks, plus $20 a year after that. The catch: only specific models qualify, so check the model number before you buy.
The two Ontario programs
1. Home Renovation Savings: $125 instant rebate
- Who qualifies: Enbridge Gas customers heating mainly with a natural gas furnace or boiler, or homes on Ontario’s electricity grid with electric heating or cooling.
- Home type: detached, semi-detached, row/townhouse, or a mobile home on a permanent foundation.
- One per home: you can’t have already received a smart thermostat rebate from Enbridge Gas, Save on Energy or Home Renovation Savings.
- How to claim: get a code on the program site before you buy and use it at The Home Depot, Best Buy or the manufacturer’s website. Or buy first and upload your receipt within 60 days.
- Not eligible: Cornwall Electric customers, since that area is on the Hydro-Québec grid.
2. Peak Perks: $75 to join, then $20 a year
- Who qualifies: Ontario homes with central air conditioning controlled by an eligible Wi-Fi smart thermostat.
- What you agree to: on some hot weekday afternoons, your thermostat may be raised by up to 2°C for no more than 3 hours. You get notice ahead of time and can override it anytime.
- Payment: a $75 virtual prepaid Mastercard when you enroll, and $20 each year you stay in.
Which thermostat fits your home?
Start with how your home is heated. That matters more than any feature list.
| Your heating | Our pick | On the $125 rebate list? |
|---|---|---|
| Gas furnace, with or without central AC | Google Nest Learning Thermostat (4th Gen) | Yes, check your model number |
| Gas furnace (alternative) | ecobee smart thermostats | Many models are |
| Electric baseboard (240V) | Mysa for Baseboard Heaters or Sinopé TH1123WF | No |
| Electric in-floor heating | Sinopé TH1310WF | No |
Our picks
Best for furnaces: Google Nest Learning Thermostat (4th Gen)
It learns your schedule, comes with a temperature sensor for another room, and appears on the Home Renovation Savings list (model numbers GA05551-US and GA05557-US). Before you buy, confirm the model number on the box or listing matches the list. If it does, the $125 rebate takes a big bite out of the price.
See the Nest Learning Thermostat (4th Gen)
Also great for furnaces: ecobee
ecobee has more eligible models than any other brand on the rebate list. Match the model number (it starts with EB- or BD-) against the official list before you buy. It’s a strong choice if you want room sensors or Apple HomeKit support.
Best for electric baseboard heaters: Mysa or Sinopé
Regular smart thermostats can’t control 240V baseboard heaters. You need a line-voltage thermostat like Mysa (there’s also a lower-cost Mysa Lite) or the Sinopé TH1123WF, one per heater or zone. These baseboard models aren’t on the $125 rebate list, but they’re the right tool for the job, and scheduling your baseboards is where many electric-heat homes save the most.
Best for in-floor heating: Sinopé TH1310WF
Made for electric radiant floors in bathrooms and basements. Like the baseboard models, it isn’t on the rebate list.
Skip for rebates: Honeywell RTH6580WF
The Honeywell RTH6580WF is a solid budget Wi-Fi thermostat, but it’s not on the rebate list. If you want the $125, pick an eligible Honeywell model like the RTH8800WF instead.
Before you install: the C-wire
Most smart thermostats need a C-wire (a “common” wire) for steady power. Many older Ontario homes don’t have one. If yours doesn’t, an adapter usually solves it: the Nest Power Connector for Nest, or the ecobee Power Extender Kit for ecobee. If you’re not comfortable working near your furnace wiring, hire an HVAC technician.
How to get the most money back
- Check how your home is heated and cooled.
- Pick a thermostat whose exact model number is on the Home Renovation Savings list.
- Get your rebate code first, or keep your receipt and apply within 60 days.
- If you have central AC, sign up for Peak Perks after it’s installed.
FAQ
Can I get both the $125 rebate and Peak Perks?
They’re separate programs with different rules. The rebate is for buying an eligible thermostat; Peak Perks pays you to let your thermostat help during summer peaks. Check each program’s current terms before you count on both.
Do I need central air for Peak Perks?
Yes. The program is built around air conditioning on hot summer afternoons.
I heat with baseboards. Can I get the rebate?
Electric-heat homes can qualify for the program, but the baseboard thermostats we list aren’t on the eligible-model list right now. Check the official list; it changes.
