Are you a homeowner who uses oil to heat your home? Great news! With the NEW Oil to Electric Incentive Program, qualified homeowners can receive an incentive up to $22,000* to help transition their homes from oil to electricity-based heat.

Over 90% of the electricity in Newfoundland and Labrador comes from clean, renewable sources. By switching to an electric heat source, you support a greener future for our province.

We are now accepting applications! We recommend that you complete the application checklist to make sure you have everything you need to get started.

The NEW Oil to Electric Incentive Program is for whole home heating, and is retroactive to April 1, 2023. Requirements have been modified from previous programs, so please review program eligibility carefully. Customers are required to use a participating installer to be eligible for an incentive. Incentives are paid directly to the installer. You’ll find more information about the Oil to Electric Incentive Program below. Still have questions? Email OiltoElectric@TakeChargeNL.ca or call your utility:
Newfoundland Power 1-800-663-2802 or Newfoundland and Labrador Hydro 1-888-737-1296.

This program is delivered through takeCHARGE in partnership with the Federal and Provincial Governments.

How to get started

Incentives can cover up to 100% of the cost of switching from oil to electricity. Your incentive is determined by the technology or technologies you’re installing, your income, and the number of people living in your household. Use the two charts below and follow these five steps to find out how much you could save:

Step 1: Pick the technology you’re interested in.
Step 2: Find that technology in the Available Incentive Table.
Step 3: Find your adjusted net income on the Income Chart. If you aren’t sure, you’ll find it on line 23600 minus line 43500 of your most recent tax assessment.
Step 4: Be sure to include the number of people living in your household! Use the Income Chart to determine if you are in the Income-Qualified column or the General column.
Step 5: Go back to Available Incentive Table and see how much you could save!

Available Incentives

*Income – qualified homeowners, applying for a heat pump, that have already received a rebate for a heat pump (i.e., completed their journey) through the Canada Greener Homes Grant prior to April 1, 2023 are ineligible for a heat pump incentive through the Oil to Electric Program..

Customers who are income-qualified and get pre-approved to install a central heat pump, multi-split heat pump, or multiple mini-split heat pumps will receive a one time payment of $250 from Natural Resources Canada. This payment will automatically be mailed to you after your successful enrollment in the program.


Please carefully review the following chart to ensure you meet this program’s income eligibility requirement. Eligibility is based on the number of people living in your household* and the adjusted net income** of you and your spouse or common-law partner.

Income Chart

* The number of persons living in the home is defined as the adult(s) parents and any children claimed in their tax filing who are eligible for the Canada Child Tax Benefit as verified by Canada Revenue Agency. For those who have had a child since their last tax filing, a special provision will be available to them upon submission of a birth certificate or acceptable alternative.

** Defined as notice of tax assessment form line 23600 (net income) less line 43500 (tax payable)

What’s next?

Please review the home and project eligibility criteria. This will let you know what steps you’ll need to take and what information you will need to have on hand to apply.

Home Eligibility

  • You must be the homeowner, and your home must have an active electricity account.
  • Eligible rental property owners can receive incentives through the general stream to help transition a maximum of two (2) rental properties from oil to electricity-based heat.
  • Your home must be on a permanent foundation, intended as a primary residence in Newfoundland and Labrador, and used year-round. New homes are not eligible.
  • Your home must be connected to the island or Labrador’s interconnected electricity grid.
  • If your home is heated by oil, a statement or copy of all oil receipts from your oil company for a consecutive 12-month period within two years of your application date that shows a minimum consumption of 500 litres of oil.
  • If your home is heated by propane, a statement or copy of all propane receipts from your propane company for a consecutive 12-month period within two years of your application date that shows a minimum consumption of 1,000 litres of propane.

Project Eligibility

How to Apply

Things to know when removing an oil tank

  • Oil Tank Removal

    Please follow the provincial guidelines when removing your oil tank.

    • Empty system of all liquid;
    • Where the system is
      • Underground: the tank top shall be accessed and opened, any sludge and heating oil remaining in the tank shall be removed and the system shall be dismantled, removed from the ground and disposed of.
      • Above Ground: the tank shall be opened, any sludge and heating oil remaining in the tank shall be removed and the system shall then be dismantled and disposed of.
    • Where underground piping is involved, the piping shall be removed from the ground, or emptied of heating oil and the ends shall be permanently sealed by capping; and,
    • Clean the affected area and restore the environment.
  • Sale of Used Oil Tank

    Prior to selling, or giving, a heating oil tank to an individual, the current owner should ensure that the tank is permitted to be installed/used. The Department of Environment and Climate Change may be emailed at PetroleumStorage@gov.nl.ca to help with that determination. Please include a photo of the tank’s ULC label in that email.

  • Tank Disposal

    For proper removal and disposal, we recommend you can contact the company that originally installed your tank or a certified hazardous waste management company. Tanks can be disposed of at metal recyclers or waste management sites. Please note that disposal sites may have their own requirements regarding tank\oil disposal.


More Ways to Save

*Must meet eligibility.

We reserve the right to change or terminate the Oil to Electric Incentive Program at any time. Incentive levels may change depending on annual federal and provincial budget appropriations. If there is a difference between our printed materials and our website, please refer to the website for the most up-to-date program information.