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How to Finance Your Heat Pump and Get a Rebate of at least $200.00

If you are paying even a little bit of attention, (you probably are, unless you stumbled in here by accident) then you know that heat pumps could hardly be hotter right now. It’s not hard to see why they’ve taken off with all this talk about affordable climate control and cutting your power bill in half. (See our post on savings for the real deal those claims).


Whether you want to take advantage of the energy savings that heat pumps offer, or you want to stay cool is those sticky summer months, or even if you just want to keep up with the Joneses but don’t want to front the cost you are in luck.

There are two great programs for Nova Scotia’s homeowners to get setup with a heat pump.

Nova Scotia Power’s On-Bill Financing Program

ova Scotia Power (NSP) continues to offer an affordable, easy solution for financing a new heat pump. This program is a lease to own with a term of 3 to 10 years, and a token buyout of $1 at the end of the term. Of course, you always have the option to pay off the remaining balance at any time. They are offering a very competitive financing rate of 7.0% and your payments are added directly to your monthly or bi-monthly power bill.

NSP Financing Program Details


  • 7.0% Financing Rate
  • Terms from 3 to 10 Years
  • Payout any time in full
  • Payments are made right on your Nova Scotia Power utility bill

The best part is we can take care of processing the application for you. You just fill out the form during your free in-home assessment and we will then submit your application through NSP and hear back within 7 - 10 business days with the results.

Listen to Brian explain the terms of Financing with Nova Scotia Power's On-Bill Financing Program now.

Efficiency Nova Scotia’s Green Heat Program

This excellent program was originally only offered to electrically heated homes but is now being offered to oil heated homes as well. So make sure you see if you qualify.

The Green Heat Program offers homeowners in nova scotia a rebate of $200 per tonne on ductless mini split heat pumps and $400 per tonne on centrally ducted heat pumps.

Green Heat Rebate Details


  • $200 rebate on Ductless Mini Split Heat Pumps per tonne (12,000 BTU's)
  • $400 per tonne on centrally ducted heat pumps
  • Must be pre-approved before installing
  • Must purchase an approved Cold Climate make & model heat pump

Please note that mini-split ductless heat pumps must be on the list of approved cold climate heat pump. As we are a Daikin brand heat pump dealer, the high efficient machines we supply & install do qualify for these rebates..

How to Get Started?

The first step is to have Brian from our office do an in-home assessment of your current heating system, home layout and electrical service to determine the potential savings you could experience with a heat pump as well as the size required and potential install locations.

We'll provide you with a detailed quote to supply and install a system as well as details on how you can use that quote to 

  • Apply for Financing with Nova Scotia Power
  • Get Pre-Approved for Rebates

You do require a quote from an authorized heat pump contractor to apply for the rebate and financing with Nova Scotia Power. So give us a call today or submit the form here to book our next available appointment time.

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