To help you save money and cut carbon, your electric utility provides the funding to make this rebate possible.
Partner: Green Mountain Power logo
Partner: Stowe Electric Department logo
Partner: Vermont Electric Co-op logo
Partner: VPPSA logo
Partner: Washington Electric Co-Op logo

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.
    Water to Water 16.1 3.1
    Water to Air 17.1 3.6
  • 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 for information about installing a ground source heat pump within Burlington.
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.

  1. Call (888) 921-5990 to find an Efficiency Excellence Network contractor.
  2. Purchase and install qualified equipment.
  3. Work with contractor to complete rebate form.
  4. 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.