Energy Efficiency Loan Program

The new Energy Efficiency Loan Program (EELP), brought to you by the Government of Newfoundland and Labrador and takeCHARGE, offers you a reduced interest rate of Prime +1.25% for on-bill financing of insulation, heat pumps, and home energy assessments. Through the EELP, eligible applicants can receive low-interest financing for up to $10,000 over five years.

To qualify for this low-interest financing, you must meet the following requirements in addition to those needed for our financing plan:

  • your primary heat source must be electric
  • you must be our customer for at least one year
  • your property must have at least 12 months of history with us
  • your home must meet the minimum insulation levels at the time of application

Consult the full EELP program details on the takeCHARGE website.