Flood Recovery Rebates for Rental Property Owners

Based on rent levels, low- and moderate-income rental units are eligible to receive up to $10,000 per unit for water heating, appliances, and ductless heat pumps, up to $10,000 per unit for central heating systems damaged by flooding, and up to $4,500 for heat pump water heaters. Damage must have occurred in 2024 and/or between July 10 – July 31, 2023 (or July 10 – August 10 for residents of Addison County).

The enrollment deadline for this program is June 30, 2025.

About this rebate

Eligibility

Offer available to:

✓ Rental Properties

Effective Date: July 10, 2023 to June 30, 2025

Offer subject to change.

Individual Units: For equipment in a low-income or moderate-income rental unit, the maximum incentive is $10,000 per unit. *
Central Systems: For central water or heating systems, at least 50% of the rental units in the building must be low-income or moderate-income. The maximum incentive is $10,000 per rental unit in the building. *
Maximum Total Incentive: The total incentive for both in-unit equipment and central systems is also capped at $10,000 per rental unit.*
*If you received an incentive less than $10,000 per eligible unit for damages incurred due to 2023 flooding and your rental property incurred additional damages during 2024 flooding, you may reapply for an incentive up to the amount that brings your 2023 and 2024 flood incentive total up to $10,000 per eligible unit.
Offer cannot be combined with existing Rental Property Rebate program offers.
Damage must have occurred in 2024 and/or between July 10 – July 31, 2023 (or July 10 – August 10 for residents of Addison County).
Rebate must be submitted on or after the program/offer “effective date” of July 10, 2023, and within 365 days of the product purchase date if funds are available. In the event this rebate is discontinued or changed, submissions will be processed at the new rebate level as of the date of the change, or will not be accepted if the funds are exhausted.
All equipment must be new, installed in Vermont, and listed on the Qualifying Products List (or meet Efficiency Vermont qualifying criteria) at the time of purchase. Used, rebuilt, or refurbished equipment is not eligible.
For any single item, payment will not exceed the net price to the customer, including any benefits and payments received from insurance and any other donations, or grants and includes all other costs including shipping, sales tax, or disposal/recycling expenses (installation costs of HVAC and water heating equipment are eligible).
If you received an Efficiency Vermont flood-recovery incentive for replacement of equipment damaged in the 2023 flooding and your replacement equipment was damaged in 2024 flooding, replacing the equipment a second time and receiving another flood-recovery incentive is not considered duplicative funding.
Short-term rentals and seasonal homes do not qualify.
Customer is responsible for any tax liability associated with rebate payment. Allow 60 calendar days for delivery of payment. Incomplete or missing information will delay processing.

Income Eligibility for Rental Properties

Rental Property Owners are eligible to receive this benefit if the rent rate for a particular unit is at or below rent limit guidelines.
By participating in this offer, the rental property owner agrees that for a reasonable period of time (3 years) after appliances and equipment installed in any dwelling unit under this program, tenants in that unit will not be subjected to rent increases unless those increases are demonstrably related to matters other than the improvement work performed and supported through this program.

Eligible eligible rental units must be equal to or below the maximum gross rent levels outlined in the table below.

	MAXIMUM ALLOWABLE RENT LEVEL PER RENTAL UNIT (INCLUDING UTILITIES)
	Studio	1 BDRM	2 BDRM	3 BDRM	4 BDRM	5 BDRM
Chittenden, Franklin, Grand Isle	$2,498	$2,676	$3,210	$3,710	$4,138	$4,566
Addison	$2,289	$2,453	$2,943	$3,401	$3,794	$4,186
Washington	$2,214	$2,372	$2,846	$3,289	$3,668	$4,048
All other VT counties	$2,150	$2,305	$2,765	$3,195	$3,565	$3,933

How To Redeem

Steps to Getting Your Rebate

Submit damages to your insurance company.
Confirm eligibility and rebate amounts. Offer is for rental properties whose tenants whose household income falls at or below 120% of area median income.
Purchase and install qualifying product(s).
Download and complete the form.
Submit completed application form with W9 and invoice(s) including the purchase date, vendor, quantity, size, type manufacturer, and model or part number.

Products & Eligibility Lists	Old Product Requirements	Incentive Amount
Large Appliances (ENERGY STAR^®-rated refrigerators, freezers, in-unit clothes washers, in-unit clothes dryers), and in-unit combination clothes washers and dryers	Old product doesn't function	Up to $1,000/unit (maximum 1 appliance type per unit)
Small Appliances (ENERGY STAR®-rated window air conditioners, dehumidifiers, and air purifiers)	Can be new and not replacements.	Up to $400/unit (maximum 2 appliance types)
Energy-efficient boilers and furnaces	Old product doesn't function.	Up to $10,000
Central Pellet Boiler or Furnaces (new)	Must replace flood-damaged unit (flood-damaged unit may be wood-pellet-burning or fossil-fuel-fired.)	$10,000 (flat rate)
Wood/Pellet Stoves (new & replacement)	Can be added to supplement a flood-damaged heating system, or replace a flood-damaged woodstove.	Up to $10,000
Ductless Heat Pumps	Can be added to supplement a flood-damaged heating system, or replace a flood-damaged heat pump.	Up to $10,000
Ducted Heat Pumps	Must replace a flood-damaged heat pump.	Up to $10,000
Traditional Water Heaters	Old product doesn't function.	Up to $3,000
Heat Pump Water Heaters	Must replace flood-damaged unit.	90% of costs up to $4,500; (Max 1/unit); (Max 4 units)
Electric Panel Upgrade	Panel upgrades may be necessary to support your flood-recovery projects	Up to $10,000/unit