Federal-Provincial Agreement Allows Newfoundlanders and Labradorians to Switch from Oil to Heat Pumps

The federal and provincial governments announced a $24-million agreement through the Low Carbon Economy Fund to boost the Newfoundland and Labrador Oil to Electric Incentive Program.

The funding announced on Friday will help cover the average cost of a heat pump and enable the provincial Government to transition 3,000 homes to cleaner, more affordable heating options in the coming year.

The agreement supports the recently announced strengthened Oil to Heat Pump Affordability Program (OHPA). This program allows eligible Newfoundlanders and Labradorians to receive up to $22,000 in support for switching to a heat pump, electric furnace, or electric boiler. The $22,000 funding includes up to $15,000 from the Government of Canada’s OHPA program and another up to $7,000 from the Government of Newfoundland and Labrador and other federal funds.