Invest in the benefits of a heat pump through easy on-bill financing with NSP.
Nova Scotia Power make it easy with on-bill financing options.
We can help you invest in the benefits of a heat pump through easy, on-bill financing options. This way, you can add payments directly onto your power bill.
Here’s what getting on-bill financing looks like:
1. Get Estimates
You’ll need to get a quote from our list of participating contractors. We recommend getting at least three different quotes to compare options and pricing.
Once you’ve chosen a contractor, they’ll help you complete a credit application form which will then be shared with our team to review your application.
Once you’re approved, we’ll get in touch with your contractor and they will arrange the installation.
After the installation, you’ll see charges on your monthly bill until your term is complete. If you have questions about our on-bill financing program, you can contact Nova Scotia Power at 902-428-6774 (HRM) or 1-800-428-6774 (outside of HRM) on weekdays from 8am to 8pm.
INTEREST RATE: 7.0%
TERM: 3 to 12 years
DETAILS: Lease-to-own - at the end of the term of the lease, and the payment of one dollar, ownership is transferred. The lease is also transferrable to an approved buyer in the event of the sale of the home. If account is terminated the outstanding balance is billed in full. The financing covers the total price, including installation and taxes.
- Customers must have an existing Nova Scotia Power account in good standing and own the residence where the product will be installed. Renters are not eligible for financing.
- A customer can pay the financing charge in full at any time without penalty.
- A customer can add a lump sum payment to shorten the term, without penalty.
- The total amount financed can include service upgrades, heating solutions bundles, maintenance packages and/or extended warranties.