Your electric utility provides the funding to make this discount possible:
Air-to-Water Heat Pumps
Work with an Efficiency Excellence Network contractor to install your heat pump and get up to $6,000 back, plus a $500 bonus for income-eligible Vermonters. You may also be eligible for federal tax credits to help offset the cost of these projects.
About this rebate
Offer available to:
- ✓ Residential Properties
- ✓ Businesses
Effective Date: January 1, 2020
Offer subject to change.
Qualified Products List View list
- Must be new, installed in Vermont, and listed on the Qualifying Products List at the time of purchase. Used, rebuilt, or refurbished equipment is not eligible.
- Building must have a water-based distribution system, ideally radiant heating (generally connected to a boiler).
- Must be installed by an Efficiency Excellence Network contractor in the air-to-water heat pump group.
- Commercial new construction projects are not eligible for this rebate.
Details
- $1000/ton rebate (maximum of 6 tons)
- $500 income bonus rebate
Burlington Electric Department customers can get $2,000/ton.
Income Bonus
Vermont residents whose annual household income falls at or below low or moderate-income guidelines may qualify for a $500 bonus rebate. Download the form or apply online.
- Hire an Efficiency Excellence Network contractor
- Work with contractor to install qualified equipment
- Download rebate form or apply online
- Submit completed application with proof of purchase
- Receive $1000/ton rebate (maximum 6 tons)
Burlington Electric Department customers can get $2,000/ton. Apply via the rebate form at burlingtonelectric.com/heatpumps.
Please note:
- Generally, fossil fuel heating system must be maintained as a backup heat source.
- Existing boiler may need to be upgraded to be compatible with heat pump.
| Partner | Additional Offer | Details |
|---|---|---|
| Federal Tax Credit for tax years 2023-2032 | 30% of cost, up to $2,000 per year | Federal Tax Credit details & eligibility |
| Washington Electric Co-op | $500 | Bonus rebate |
Secure financing to help pay for energy-saving improvements.
Financing for Business
Business Energy Loan
Low-interest financing for business, nonprofits, and institutions.
Financing for Homeowners
Home Energy Loan
Flexible financing for homeowners starting at 0% interest.