To help you save money and cut carbon, your electric utility provides the funding to make this rebate possible.
Ground Source Heat Pumps
Hire a participating contractor and get up to $2,100 cash back per ton on qualifying equipment, plus a $500 bonus for income-eligible Vermonters. If you receive electric service from Hyde Park Electric, you may not be eligible for the full incentive amount. You may 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: July 1, 2021
Offer subject to change.
- Must be new (not replacing an existing geothermal system), installed in Vermont, and listed on the Qualifying Products List (or meet qualifying criteria below) at the time of purchase. Used, rebuilt, or refurbished equipment is not eligible.
- Rebates are for new residential systems (not replacing an existing geothermal system) up to 10 tons and commercial systems up to 50 tons.
- Equipment must be ENERGY STAR® certified (water-to-air and water-to-water heat pumps) or have AHRI certified performance that meets or exceeds the values in the table below under full load conditions.
- Must be installed by an Efficiency Excellence Network contractor in the ground source heat pump group.
- If you receive electric service from Hyde Park Electric, you may not be eligible for the full incentive amount. To discuss your project and available incentives, call us at 888-921-5990.
- Burlington Electric Department customers: visit www.burlingtonelectric.com/gshp for information about installing a ground source heat pump within Burlington.
| EER | COP | |
|---|---|---|
| Water to Water | 16.1 | 3.1 |
| Water to Air | 17.1 | 3.6 |
Details
| Size | Rebate |
|---|---|
| ≤10 tons | $2,100 / ton |
| 10 - 20 tons | $1,500 / ton |
| >20 - 50 tons | $1,000 / ton |
Rebate amount is determined by size of system in tons. Tons are calculated by dividing AHRI Full Load Heating Capacity (BTUs) by 12,000.
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 to apply.
- Call (888) 921-5990 to find an Efficiency Excellence Network contractor.
- Purchase and install qualified equipment.
- Work with contractor to complete rebate form.
- Submit completed form with proof of purchase and GSHP start-up sheet (from your contractor).
| Partner | Additional Offer | Details |
|---|---|---|
| Federal Tax Credit for tax years 2023-2032 | 30% of cost | Federal Tax Credit details & eligibility |
| Washington Electric Co-op | up to $2,000 | 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.