The funding will help cover the average cost of a heat pump and enable government to transition 3,000 homes to cleaner, more affordable heating options in the coming year.
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 will help cover the average cost of a heat pump and enable 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. To date, 2,065 households have applied to the OHPA and the Newfoundland and Labrador Oil to Electric Incentive Program to make the switch from an oil tank to a new electric heat source. This builds on the success of the Government of Canada’s Greener Homes Grant which has led to the installation of 4,481 heat pumps in homes across Newfoundland and Labrador.
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