Heat pumps are by far the most popular home renovation project being done across Nova Scotia right now. Nova Scotia Power & Efficiency Nova Scotia want to make it a little bit easier for you with their financing and rebate programs respectively.

Nova Scotia Power Financing Program

Nova Scotia Power offers a competitive financing program where you can lease to own your new heat pump directly on your monthly, or bi-monthly power bill. The details of the program are as follows.

  • 7.0% financing rate
  • Terms from 3 to 10 years
  • $1 buyout at end of term (lease to own program)
  • Payout at any time in full

Many Nova Scotia homeowners have used this program to install a heat pump and take advantage of the savings, but not incur a large one time cost to purchase the equipment.

To apply for Nova Scotia Power’s heat pump financing program all you need to do is:

  1. Get a quote to supply and install a heat pump from an authorized contractor
  2. Complete the Nova Scotia Power financing application

The dealer who provides you with an estimate will hear back from Nova Scotia Power within 7-10 business days on the verdict of your application. You will then hear from your heat pump contractor to arrange a time for installation.

Presidential Ventilation is part of the Heat Pump’s Set You Free program with Nova Scotia Power and can provide you with a financing application during a free estimate appointment at your home.

Efficiency Nova Scotia’s Green Heat Program

The Green Heat Program through Efficiency Nova Scotia offers homeowners a rebate on both ductless and ducted heat pumps.

Rebates are as follows:

  • Ductless heat pumps $200.00 per tonne*
  • Ducted heat pumps $400.00 per tonne*

*A tonne is 12,000 BTU’s of heat pump capacity

An example is if you purchased a 24,000 BTU (2 tonne) dual zone heat pump you would be eligible for a $400.00 rebate.

For ductless heat pumps, the make and model must be on Efficiency Nova Scotia’s list of approved cold climate heat pumps.

See that list here: https://www.efficiencyns.ca/guide/minisplits/

Rebates must be pre-approved before installing the equipment. To get your pre-approval:

  1. Arrange for a quote from a contractor who uses certified refrigeration and air conditioning technicians to complete their installs
  2. Complete the application form for your rebate
  3. Arrange for installation once you receive your rebate approval.

To schedule a quote for either Nova Scotia Power financing or Efficiency Nova Scotia’s Green Heat Rebate program give us a call at 902-832-1067 or submit the form on this page today.

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