Up to $22,000 in Oil to Electric Heat Pump Rebates
Complete end-to-end guidance from your certified local installer.
Transitioning your home from oil or propane to an energy-efficient electric heat pump has never been easier. Through the takeCHARGE NL Oil to Electric Incentive Program, eligible Newfoundland homeowners can receive up to $22,000 to cover equipment, installation, and necessary electrical panel upgrades. As a participating installer, Heat Pump Solutions Ltd. handles the technical work so you can maximize your government savings.
What the Rebate Covers (Feature Highlights Grid)
Up to $22,000 Total Funding
Covers equipment, labor, and installation for central heat pumps, multi-splits, or electric conversions.
Electrical Panel Upgrades
Financial assistance for upgrading 100A service panels to 200A to support your new electric heat system.
Oil Tank Removal Assistance
Guidance on proper oil tank decommissioning, HOST tag verification, and paperwork filing.
No Upfront Hassle
The incentive payment goes directly to us as your participating installer, significantly reducing your out-of-pocket costs upfront.
Eligibility Quick-Check Section
Primary Homeowners
Must own and occupy the home (rental property owners may qualify for up to 2 units).
Fuel Requirements:
Must rely primarily on oil (minimum 500L/year) or propane (minimum 1,000L/year).
Utility Account
Active electricity account with Newfoundland Power or NL Hydro.
Income Streams
Both Income-Qualified (maximum funding) and General Streams available based on household size and net income.
Simple 4-Step Process
Get Your Detailed Quote
Contact Heat Pump Solutions Ltd. We conduct a site inspection and provide an itemized quote listing technology model numbers, electrical costs, labor, and materials as required by takeCHARGE.
Submit Pre-Approval Application
Complete your takeCHARGE NL pre-approval application before installation. We'll provide the required documents and guide you through the process.
Professional Heat Pump Installation
Once pre-approved, our certified technicians install your Lennox or Fujitsu system, upgrade your panel if needed, and assist with oil tank removal documentation.
Final Submission & Immediate Savings
We submit the required 'before and after' photos and documentation. The incentive is applied directly, leaving you with lower heating bills and year-round comfort.
Frequently Asked Questions About the Heat Pump Rebate
How long does the rebate application take?
Pre-approval takes approximately 6 to 8 weeks from submission. Once pre-approved, your rebate rate is locked in for 365 days.
Can I keep my oil tank as a backup?
No. The program requires full transition to electric heating and complete removal of the oil tank.
Can I combine this rebate with financing?
Yes! You can finance any remaining balance after rebate deductions through our FinanceIt or Local Credit Union programs.
Do I need to upgrade my electrical panel to get the rebate?
In most cases, yes. Converting from oil to a central or multi-split electric heat pump usually requires a 200A service panel. The good news is that the takeCHARGE program includes funding specifically to help cover the cost of electrical panel upgrades.
What if I don’t have 12 months of oil receipts?
If you recently purchased the home or cannot locate 12 months of statements, your fuel provider can typically issue a historical delivery summary. Alternatively, our rebate specialists can assist you in gathering the necessary property records required by NL Power or NL Hydro.
Have More Questions About the Rebate Process?
Rebate guidelines can be complex, but you don't have to navigate them alone. Speak directly with a Heat Pump Solutions specialist to get fast, clear answers.
What You Need to Apply
Detailed quote from Heat Pump Solutions Ltd.
12-month fuel statements showing at least 500L of oil (or 1,000L of propane)
Photo of your oil tank's HOST tag brass number and serial number
Most recent CRA Notice of Assessment (for Income-Qualified Stream)
Your electric utility account number (NL Power or NL Hydro)
Eligibility Requirements: What You Need to Know
Qualifying for the takeCHARGE NL Oil to Electric Incentive Program requires meeting specific equipment and property guidelines before work begins. To receive up to $22,000 in funding, your home must currently rely on oil (burning a minimum of 500 liters annually) or propane (1,000 liters annually) as its primary heating source. Additionally, the existing oil tank must be permanently decommissioned, and any required 100A to 200A electrical service panel upgrades must be installed by a certified electrical contractor. Because pre-approval from the utility program is mandatory before purchasing equipment or starting installation, getting a professional site assessment early is the most critical step to locking in your funding.
Not Sure If Your Home Qualifies?
Our team will review your fuel receipts, inspect your electrical panel, and verify your eligibility for free.