The Quebec government has earmarked nearly $584 million to promote heat pumps and flood protection measures, but little of it is likely to roll out before the provincial election that’s slated for no later than Oct. 5 this year. The newly released 2026-27 Quebec budget announces the funding, with more details promised in the pending 2026-31 climate change action plan, which will outline approximately $8.2 billion in total expenditures to be funded from Québec’s carbon market revenues.

Nearly $159 million over four years is promised to subsidize heat pump installations in multifamily rental buildings. That’s to be channelled through Hydro-Quebec’s LogisVert program, which currently provides incentives for energy-efficiency improvements primarily in the low-rise residential sector. Only about 15 per cent of the envisioned “enhancement” to the LogisVert pot is scheduled to become available in the next 12 months.

The budget also pledges $425 million over five years to launch a new climate change adaptation stream of the Rénoclimat program, which currently offers energy-use evaluations and subsidies on various upgrade measures for the residential sector. As part of that, owners of multifamily buildings can qualify for rebates on insulation, air-sealing, window and/or door replacement, heat recovery ventilation systems and drain heat recovery systems.

The budget document advises the new Rénoclimat adaptation program “will provide citizens with financial support for work to protect foundations or install a check valve as protection against stormwater flooding in areas at risk”. More than 80 per cent of pledged funds will not be available until after March 2028, with just $25 million expected to be delved out in 2026-27.