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Prince Edward Island · updated November 2, 2026

Prince Edward Island home energy rebates & savings guide

Electricity (all-in)
¢18.0/kWh
Natural gas (all-in)
Limited
Solar yield
1,100 kWh/kW
Heating degree-days
4,600

Prince Edward Island has a long history of oil heating and has seen a big shift to heat pumps. With electricity prices above the Canadian average, both heat pumps and solar can be good investments. This guide covers how Island homeowners can save on energy and which home energy rebates and upgrades make sense.

Start with the heat pump calculator or the solar calculator, then check current programs on the PEI rebates page.

Electricity in Prince Edward Island

Maritime Electric supplies most Island homes, with the City of Summerside running its own utility, and there is little residential natural gas. PEI generates much of its own power from wind and imports the rest from New Brunswick. An all-in rate of roughly $0.18 per kWh puts PEI slightly above the Canadian average.

Heating: what pays off

Heating oil has long been the main fuel on PEI, with propane, wood, baseboards and heat pumps also common. Oil at about $1.65 per litre and propane at about $0.90 per litre are expensive, and a cold-climate heat pump at a typical seasonal COP of 2.2 to 3.0 usually cuts heating costs substantially. Mild maritime winters suit air-source heat pumps well.

Many Island homes add a ductless heat pump and keep oil as backup. The federal Oil to Heat Pump Affordability program is open on PEI. See switching from oil heat and the ductless mini-split guide.

Solar outlook

Solar is a reasonable investment on PEI. Electricity prices are above average and yields are roughly average for Canada, so at typical installed costs of $2.40 to $3.30 per watt, payback often runs in the low-to-mid teens of years for a good roof.

Maritime Electric offers net metering for small home systems, and terms can change. Confirm current rules before sizing a system, and read solar payback in Canada.

Tips for Prince Edward Island homes

  • If you heat with oil or propane, check efficiencyPEI and the federal oil-to-heat-pump program, both of which have served Island homes.
  • Keep your oil furnace or boiler serviced as backup if a heat pump does most of your heating.
  • Check efficiencyPEI for current insulation, heat pump and solar programs and confirm amounts before you buy.
  • Clean ductless heat pump filters every month or two during heavy use to keep them efficient.
  • Add a heat pump water heater when your electric tank fails, since it uses far less power.

Programs and rebates

Prince Edward Island · efficiencyPEIConfirm details

Heat pump & home energy programs

  • Provincial heat pump rebates and free installs for qualifying households
  • Stacks with federal OHPA for oil-heated homes
PEI heat pump info
Federal · NRCanOpen · ends 2027

Oil to Heat Pump Affordability (OHPA)

  • For households heating with oil who switch to a heat pump
  • Income-qualified grant; amount depends on your household and province
  • Open in BC, MB, ON, NB, PE, NL and Yukon; scheduled to end in 2027
  • In Nova Scotia, federal funding is fully committed (standby list only)
Program details
Federal · NRCanClosed

Canada Greener Homes Loan

  • Interest-free loans for retrofits
  • Closed to new applications on October 1, 2025
Closure notice
Federal · NRCanClosed

Canada Greener Homes Grant

  • Up to $5,000 grants with an EnerGuide evaluation
  • Closed to new participants in 2024
Greener Homes Initiative
Before you sign anything

Most rebates need pre-approval

  • Register or get approval before work starts
  • Keep equipment model numbers and invoices
  • Ask installers whether they are registered with the program
Find a rebate-ready installer

Prince Edward Island energy FAQ

Is a heat pump worth it on PEI?

For most Island homes, yes. Expensive oil and propane plus mild maritime winters make heat pumps one of the best upgrades available.

Are solar panels worth it in Prince Edward Island?

They can be. Above-average electricity prices help, and a good roof often pays back in the low-to-mid teens of years.

What energy rebates are available on PEI?

efficiencyPEI runs provincial programs, and the federal oil-to-heat-pump program is open on PEI. Confirm current amounts with the programs directly.