** As of October 26, 2023, Prime Minister Justin Trudeau has announced additional funding to support homeowners transitioning from oil-based heat to heat pump technologies (Delivering support for Canadians on energy bills | Prime Minister of Canada (pm.gc.ca)). Income-Qualified Oil to Electric Incentive Program applicants are now eligible to save up to an additional $5,000 when converting to a central heat pump, multi-split heat pump, or mini-split heat pumps, as well as receive a one-time payment of $250 from the Government of Canada upon application pre-approval. Further details will be posted on the website as they become available.
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 $17,000* 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.
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!|
*Homeowners that have already received funding (i.e., completed their journey) through the Canada Greener Homes Grant will have their incentive reduced by the amount of funding already received. For example, if you received $5,000 through the Canada Greener Homes Grant, you will only be eligible for up to $12,000 in grant funding through the Oil to Electric Incentive Program instead of up to $17,000.
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.
For customers heated by propane, the incentive to convert to an electric furnace or boiler will correspond to the same incentive for electric boilers and furnaces under the income-qualified stream. When converting from propane to heat pumps, the incentive will align with the general stream amount for the corresponding heat pump technology. If you would like clarification on this point, please email OiltoElectric@TakeChargeNL.ca.
* The number of persons living in the home is defined as the homeowner(s) (a maximum of two) and any other individuals living in the household year-round at the time of application.
** Defined as notice of tax assessment form line 23600 (net income) less line 43500 (tax payable)
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.
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.
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.