Quote:
Originally Posted by Street Pharmacist
I think you're misunderstanding the purpose of almost all industry funding. You cannot fund the transition entirely or even significantly through subsidies. The role of government subsidies is to send signals to business and create or nurture new or emerging markets to steer the direction of private capital.
In this case, getting a few people to start buying heat pumps creates/increases a market for manufacturers and installers. This means that Mitsubishi for example, may start making and selling more options for their heat pumps as they see that Canada is putting their money where their mouth in their push for heat pumps (which is an important part of net zero goals). As this trend continues, heat pumps become cheaper due to competition and scale. Ditto for installers. Most HVAC installers know nothing about newer heat pumps and tell people they don't work at lower temps, mostly because they aren't current with newer technology and not familiar with heat pump installation so they push for familiar options. Creating more customers, even a few, means you get more installers ready to install heat pumps.
It's more about planting seeds than buying plants if you get my anology
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I understand just fine. Good analogy, appreciate the effort. Still don't see the value or feel any significant gains will be made by that particular piece of the proposed legislation. Just one man's opinion.