Heat Pump Rebates
Increase comfort. Save money.
Half of your energy bill is typically dedicated to heating and cooling.
It makes sense as we all want to be comfortable in our homes. But, are you utilizing the most efficient system?
Heat pumps offer an energy efficient alternative to furnaces and air conditioners and provide both heating and cooling.
Heat pumps use electricity to transfer heat, rather than generate it, making them more efficient. During the heating season, heat pumps move heat from the cool outdoors into your warm house. During the cooling season, heat pumps move heat from your house into the outdoors.
The Power Forward heat pump program provides rebates for purchasing a qualified air-source heat pump or geothermal heat pump. Keep your energy bills low, have peace of mind and keep your home comfortable by choosing an electric heat pump.
Apply for a rebate* by completing the application and turning it into your local utility or city office.
The Inflation Reduction Act of 2022 also now provides tax credits for improving the efficiency of your home, including purchasing an ENERGY STAR certified heat pump. This tax credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032. You can claim 30% of the project cost, with a maximum credit of $2,000 allowed. Learn more by visiting the ENERGY STAR website.
Ducted Electric Air Source Heat Pump | $1,000 Rebate
Electric air-source heat pumps use the difference between outdoor air temperatures and indoor air temperatures to cool and heat. Because they move heat from one place to another, they are more efficient than fossil fuel systems. Because they both heat and cool, they eliminate the need for multiple units. Heat pumps must be 2 tons or larger to qualify for rebate.
Ducted Electric Air Source Heat Pump with Backup Electric Furnace/Boiler | $2,000 Rebate
Going all electric for your heating and cooling needs increases efficiency, providing cost savings and increased comfort. An all electric home also means a cleaner environment with improved air quality. Heat pump must be 2 tons or larger to qualify for rebate. Any backup source must also be electric.
Geothermal Heat Pump | $2,000 Rebate
Geothermal heat pumps are among the most productive and comfortable heating and cooling technologies currently available, because they use the Earth’s natural heat to provide heating and cooling. Any backup source must be electric in order to qualify for rebate.
Non-ducted Mini Split Heat Pump | $500 Rebate
Mini split heat pumps are perfect for heating and cooling individual rooms. They are a great option if no ductwork is available and offer flexibility in zoning individual rooms. Heat pump must be non-ducted, one ton or larger to qualify for rebate.
*Must be a residential customer of a participating utility. Sioux Falls, SD residents click HERE for rebate information and applications. Madison, SD residents click HERE for rebate information and applications. Contact Ann Hyland below for details.
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