Is there still an NB Power rebate for upgrading to a cold-climate heat pump in 2026 and how do i apply?

Yes, NB Power continues to offer rebates for cold-climate heat pump installations through their Total Home Energy Savings Program, though specific rebate amounts and eligibility criteria can change annually. For 2026, you'll want to confirm current rebate levels and requirements directly with NB Power.

Cold-climate heat pump rebates typically range from $500-$2,500 depending on the system efficiency rating and whether you're replacing electric baseboard heating, oil, or propane. Higher-efficiency units rated for operation down to -25°C or below generally qualify for larger rebates. Some programs also offer additional incentives for oil-to-heat-pump conversions, which are extremely common in New Brunswick where many homes still rely on oil heating.

The application process usually requires you to work with a qualified HVAC contractor who can help navigate the rebate paperwork. Most rebate programs require pre-approval before installation begins, so don't purchase your heat pump first. Your contractor will typically handle the technical specifications and ensure the unit meets NB Power's efficiency requirements.

Key eligibility factors often include your home's age, current heating system, and the heat pump's seasonal performance rating. Since New Brunswick winters regularly hit -25°C to -35°C, especially in inland areas like Fredericton and Woodstock, make sure any heat pump you're considering is specifically rated as a cold-climate model with backup heating capability.

For oil tank decommissioning (if you're converting from oil heat), budget an additional $2,500-$8,000+ for underground tank removal, which requires a licensed environmental contractor.

Contact NB Power directly at 1-800-663-6272 or visit nbpower.com to get current 2026 rebate amounts, download application forms, and confirm program availability. They can also provide a list of participating contractors in your area who are familiar with the rebate process and can ensure your installation qualifies.