Financing & Rebates: What to Check Before You Buy
Understand the installation first, then separate the payment plan from possible program support. Here is a practical order for the decisions.
Guidance reviewed October 15, 2026. Check the linked administrator for current program requirements.
A loan spreads payment. A rebate depends on eligibility.
They serve different purposes and follow different approval processes. Plan the purchase using the obligations and support that have actually been confirmed.
Installation scope
Know the equipment and work you are buying.
Financing offer
Review payments, APR, fees, term and total repayment.
Program process
Check current intake and any pre-purchase requirements.
Read the terms behind the payment
- 1Written purchase scope
- 2Lender application & terms
- 3Repayment agreement, if approved
Two separate decisions. Financing does not establish rebate eligibility; neither approval nor funding is guaranteed.
| Term | What to ask |
|---|---|
| APR and fees | What is the borrowing cost and total repayment? |
| Payment schedule | How often are payments due and when do they start? |
| Term and amortization | How long do the agreed conditions last, and how long until repayment? |
| Deferral, if offered | Does interest accrue and what conditions apply? |
Keep the loan and rebate on separate paths
A financing approval establishes repayment obligations. A program determines eligibility and support. Ask whether the purchase remains affordable if program support is delayed or unavailable.
The order that protects the plan
- 1
Find the current official route
Start with the administrator page for the property and proposed upgrade.
- 2
Confirm requirements before buying
Ask about intake, evaluations, eligible models and contractor requirements.
- 3
Match the written proposal
Make sure the equipment and work align with any approval conditions.
- 4
Keep and submit the right documents
Retain approvals, invoices and equipment details, then follow the claim instructions.
Start with the current notice for your province
Program check · October 15, 2026
New Brunswick’s oil-to-heat-pump advance registration has closed, while Total Home has its own evaluation route. PEI’s current equipment-rebate notice pauses incentives except biomass. Nova Scotia’s OHPA route is closed to new applicants; other programs have their own criteria. Check the linked administrator notice for your application before committing.
Keep a small project file
Installation proposal
Configuration, included work, exclusions and payment terms.
Program documents
Any evaluation, approval, equipment eligibility and claim instructions.
Purchase and lender records
Invoices, receipts and the financing agreement where applicable.
Confirm the sequence before committing.
Start with the installation scope, then review the payment and program decisions that apply to you.
The online assessment is preview-only. No request is sent or appointment booked.