NB Power moves heat pump rebate to Home Insulation Program (October 2016)

September 06, 2016

By Renée Francoeur

September 6, 2016 - After providing $5 million to customers for about 10,000 energy-saving heat pumps in the last year, NB Power announced it’s moving the rebate to its Home Insulation Energy Savings Program, starting October 1, 2016 to “drive even greater efficiency savings”.

Homeowners who do one major insulation upgrade through the Home Insulation Energy Savings Program can receive a $500 heat pump bonus on eligible heat pump models purchased from one of NB Power’s approved heat pump contractors. The stand-alone rebate will end on September 30, 2016.

“Our customers will save about $1.2 million every year going forward on their annual energy costs,” said Gaëtan Thomas, NB Power president and CEO. “We are thankful to our partner contractors for helping make this program an outstanding success.”

The rebate helped stimulate $35 million in sales for the heating contractor industry in New Brunswick, the utility says.

October 1 also marks the start of Smart Habits in-store rebates, which will be available on LED bulbs and fixtures, smart strip power bars, programmable thermostats and eligible smart thermostat models until October 31.