Oil to Electric
This is the big one, but only if your home is heated mainly by oil or propane. Under the income limit you can get up to $22,000 for a central heat pump or $18,000 for a multi-split (or several mini-splits). Over the limit it's up to $9,000 and $6,500.
The heat pump has to heat the whole house and the oil tank has to come out, so keeping oil as a backup doesn't work. You'll also need 12 months of fuel records showing you actually burned oil or propane, and TakeCharge looks closer at applications that only just hit the minimum or have a tank installed since Jan 1, 2025.
| Household | Income limit |
|---|---|
| 1 person | $37,375 |
| 2 people | $73,600 |
| 3 people | $104,650 |
| 4 people | $131,100 |
| 5+ people | $136,850 |
Net income minus tax payable (line 23600 minus line 43500) for the homeowner and spouse or partner. Above the limit you can still apply, at the lower general amount.
TakeCharge's FAQ says the program runs until March 2027 or until the money runs out, but the program page now says no closing date has been set. Either way, we wouldn't sit on it if you're planning to switch.
Electric heat and the free mini-split
Most homes here are already on electric heat, and TakeCharge doesn't pay a rebate on heat pumps for them. The exception is the new Greener Homes Program, which installs one single-head mini-split for free if your household is under the same income limits (and you don't already have a heat pump). It only covers projects finished after Oct 5, 2026.
Above the limit, Newfoundland Power and NL Hydro will both finance up to $10,000 over five years on your bill. That's a loan, not a rebate.
Adding the federal rebate
The federal government says the National Heat Pump Rebate ($2,000, or up to $10,000 below the median income) can be combined with provincial programs. It isn't open yet and launches in 2027. TakeCharge won't pay more than the cost of the job, so if Oil to Electric already covers most of it, check how much room is left before counting on both. Neither TakeCharge program mentions the federal rebate yet. What we know about the federal rebate