The Rental Property Heating Program (RPHP) will provide owners of an existing long-term residential rental property on Prince Edward Island, who are approved applicants, with financing to upgrade the current heating system of their residential rental property from fossil fuel to...
Fillable Application form for the Rental Property Heating Program
The Residential Home Heating Loan Program (RHHP) will provide Prince Edward Island homeowners, who are approved applicants, with financing to upgrade the current heating system of their personal year-round residence to a cleaner, more efficient heat source while reducing their carbon footprint. The program will assist with the up-front costs associated with the purchase and installation (including electrical service upgrades) of program eligible energy efficient equipment, including: Air source heat pumps that are Northeast Energy Efficiency Partnerships Cold Climate Air-Source Heat Pump...
This program is now closed. A Housing Development program has been designed to invite developers/contractors/landlords to submit proposals for new residential development projects on PEI including infrastructure. This loan program is intended to assist approved developers/contractors/landlords increase the housing inventory on PEI. Applications are being accepted starting August 16th,2023 and closing September 29th, 2023. Do I qualify? For an applicant to be eligible for assistance, the following criteria must be met: Projects must have at least five units and tenants must be an arm’s length...
Today, Government is deferring all loan payments with clients of Finance PEI, Island Investment Development Inc., and PEI Century Fund for the month of October due to the impacts of Hurricane Fiona. “Hurricane Fiona has caused significant disruption for may industries across...
Annual Report for Finance PEI, Fiscal Year 2020-2021
Island residents adding energy efficiency upgrades to their home may be eligible to borrow up to $10,000 from the provincial government to help finance the cost. The Energy Efficiency Loan Program is available to a registered owner of a year-round residential property and where the project has been pre-approved by efficiencyPEI. The loan may assist with purchasing efficient equipment such as a new furnace or heat pump or it may help with the cost of upgrades to the building envelope, i.e. new windows or air sealing. Finance PEI must approve the loan before any work begins on the project. The...