What It Pays For
The Oil to Electric Incentive pays up to $22,000 toward switching a home's main heat source from oil or propane to electricity-based heat. It is delivered by takeCHARGE, the joint program of Newfoundland Hydro and Newfoundland Power, with provincial and federal funding, and launched in spring 2023.
Who Can Apply
Homeowners whose main heat source is oil or propane, who hold an active electricity account, and whose home is a year-round primary residence on a permanent foundation connected to the island or Labrador grid.
Deadline
The incentive is scheduled to run until March 2027 or until funds are exhausted, whichever comes first. It is a separate program from the federal Oil to Heat Pump Affordability Program, with a different administrator, amounts, and end date. The official FAQ linked here (revised May 2026) carries the current terms.