The federal government announced a new program of up to $250 million to help Canadian households move off home heating oil and move to affordable green options like electric heat pumps.
Environment Minister Steven Guilbeault announced the new program yesterday.
"Federal funds will be made available through the Low Carbon Economy Leadership Fund to provincially administered home heating transition programs," explained Guilbeault. "
The funding can be combined with other incentives meaning for some Canadians the cost to make the switch could be nothing.
"This new funding can be stacked with other federal and provincial incentives, like the Canada Greener Homes Grant, so that up to 100% of the cost of a new heat pump maybe covered for low income Canadians," Guilbeault said.
The program was an idea presented by Atlantic premiers and Atlantic MP's where the proportion of households relying on oil for home heating is higher than the rest of Canada.
Guilbeault says $120 million will be specifically set aside for Newfoundland and Labrador, New Brunswick, Nova Scotia, and Prince Edward Island.
