More cities offering loans to cover upfront cost of heat pumps, solar

    More cities offering loans to cover upfront cost of heat pumps, solar

    CBC – Aug. 11, 2023 – Mike Campbell didn’t pay a penny upfront when his new air-source heat pumps were installed this spring to replace his old oil boiler. The Charlottetown homeowner got a zero-interest loan that he’ll pay back over 10 years.

    In the meantime, he’s saying goodbye to heating-oil bills that sometimes topped $1,000 a month — savings that can cover his loan payments.

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