Financing your water heater

Financing your water heater

We can help you purchase a new electric water heater through our easy, on-bill financing options. It lets you add payments directly onto your power bill.


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.


Credit Application

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.



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 us at 902-428-6774 (HRM) or 1-800-428-6774 (outside of HRM) on weekdays from 8am to 8pm.


Please note:

  • 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.
  • 7% interest rate, 2 to 12-year term options.
40 or 60 Gallon
Finance tank only 
Finance tank installation$2000 maximum
Finance tank, installation and additional wiring 

Terms available for 2 to 12-years at 7% financing.  Amount exceeding $2,000 are subject to credit approval.

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Call us at 1-800-428-6774 outside of HRM, weekdays 8 a.m. to 8 p.m.