Island entrepreneurs are experiencing rapid growth and great success as participants in the province’s new micro-loan program, says Minister Heath MacDonald, Economic Development and Tourism. “Today I had the opportunity to meet with two young entrepreneurs who took advantage of...
A funding program has been developed by the Province of PEI to support the PEI Tourism Operators through a joint partnership of Finance PEI and Tourism PEI. This new program will provide funding in the form of a repayable loan to qualified applicants. Interest payments on loans approved through this program will qualify for interest relief (interest payment made behalf of the client) from Tourism PEI for a period of 18 months with Finance PEI offering principal deferrals to match the same 18 month period. The total obligation of the Government of Prince Edward Island under this Tourism...
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...
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...
Down payment assistance is available for modest-income homeowners who qualify for a default-insured mortgage to purchase their first home. Eligible applicants whose annual household income is $100,000 or less may apply to Finance PEI for a conditionally interest-free loan (maximum $17,500) for up to 5% of the purchase price of a program-eligible home. The loan is payable over ten years. Find detailed application and eligibility criteria at Down Payment Assistance Program. Applications will be accepted until March 31, 2026 or until funds authorized for this program are depleted. How do I apply...
Application Form and accompanying Statement of Personal Financial Affairs for the Solar Photovoltaic Equipment - Energy Efficiency Loan Program
Fillable Application form for the Rental Property Heating Program