Air Source Heat Pump

Energize CT Rebate

Save Up To $0

The information provided on this site is for general informational purposes only and is not intended to be legal, financial, or tax advice.

Air Source Heat Pump Incentive Details

Energize CT Air Source Heat Pump Rebate

Qualified participants can receive up to $15,000 in combined incentives for qualifying air source heat pumps. The exact amount of the rebate depends on the size (tonnage) of the equipment installed.The rebate program is valid from January 1, 2023, to December 31, 2023. To be eligible for the rebate, the installation must take place within this time frame. Air source heat pumps are highly efficient in converting energy into heat, resulting in lower energy bills. They extract heat from the outdoor air and transfer it indoors, providing heating during colder months. In addition to heating, air source heat pumps can also be used for cooling in warmer seasons, further enhancing their energy-saving potential.

Residential electric service customers are eligible for rebates on air source heat pumps. Customers of both Eversource and UI can participate in the rebate program.

To qualify for the Energize CT Heat Pump rebates, the heat pump equipment must be listed on the Energize CT Heat Pump Qualified Product List. The tonnage of the equipment is determined by the cooling capacity listed on the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). Specifically, one ton is equivalent to 12,000 BTUs. To calculate the tonnage, the AHRI cooling capacity is divided by one ton and then rounded to two decimal places.

The Advantages

air source heat pump diagram

Air Source Heat Pumps (ASHPs) offer several advantages for homeowners in Connecticut. These include:

Energy Efficiency: ASHPs are highly efficient, converting a significant portion of the energy they consume into heat for your home. This translates to lower energy bills for homeowners and a reduced carbon footprint for the environment.

Cost Savings: ASHPs can help homeowners save money on their heating bills, particularly in areas with high electricity rates. Additionally, the Energize CT rebate program offers significant financial incentives to help offset the cost of purchasing and installing an ASHP.

Versatility: ASHPs can provide both heating and cooling for your home, making them a versatile solution for year-round comfort. They can also be used to supplement existing heating systems, reducing the load on older, less efficient equipment.

Environmental Benefits: ASHPs produce fewer greenhouse gas emissions than traditional heating systems, which is beneficial for the environment. Additionally, the electricity used to power ASHPs can be generated from renewable sources like wind or solar, further reducing their environmental impact.

Increased Home Value: ASHPs are a desirable feature for homebuyers and can increase the value of a home. Additionally, by improving the energy efficiency of a home, ASHPs can make it more attractive to potential buyers and increase its resale value.

Overall, ASHPs offer numerous benefits for homeowners in Connecticut, including energy efficiency, cost savings, versatility, environmental benefits, and increased home value. By taking advantage of the Energize CT rebate program, homeowners can make the switch to ASHPs with minimal upfront cost and enjoy the long-term benefits of this efficient and sustainable heating solution.

Get Help Now

Need a Air Source Heat Pump quote? Reach out for help!

Costs & Savings

Averarge Cost

$5000 - $0

(Without Rebate)
Lifetime Savings

$5000 - $0

(Average)
Upgrade Lifespan

15 - 0

(In Years)

The average initial cost of installing an air source heat pump as part of the Energize CT Residential Air Source Heat Pump rebate program typically ranges from $5,000 to $25,000. However, it’s important to note that this cost can vary depending on several factors, including the size of the system, any necessary modifications or upgrades to existing infrastructure, and the specific installation requirements for your home. It is recommended to consult with a contractor participating in the Energize CT Heat Pump Installer Network to get a more accurate estimate for your specific situation.

By upgrading to an energy-efficient air source heat pump through the Energize CT Residential Air Source Heat Pump rebate program, homeowners can expect to save an average of $5,000 to $15,000 over the system’s lifetime. These savings are realized through reduced energy consumption and lower heating costs compared to traditional heating systems.The exact savings will depend on various factors, such as the size of the heat pump, the energy efficiency of the unit, the local climate, and the homeowner’s heating habits. However, on average, homeowners can anticipate significant cost savings over the lifespan of the air source heat pump.

Other Applicable Incentives

Heat Pump Air Conditioner/Heater

IRA Electrification Rebate: $8000
Upfront Discount 50%-100% of Costs
Avg. Initial Cost $8000-$35000
 

Claim up to $8,000 in Inflation Reduction Act rebates for heat pump air conditioner/heater systems. Low-income households with incomes that are below 80 percent of the Area Median Income (AMI) are eligible to receive 100 percent coverage of their heat pump costs up to $8,000. Moderate-income households with incomes between 80 percent and 150 percent of the AMI are eligible to receive 50 percent coverage of their heat pump costs up to $8,000.

Learn More

Heat Pump Air Conditioner/Heater

IRA Tax Credit: 30% of Costs
25C Max Credit $2000
25D Max Credit Uncapped
 

The 25C tax credit from the Inflation Reduction Act offers homeowners a 30% non-refundable credit, capped at $2,000 per year, for installing a Heat Pump Air Conditioner/Heater. It can offset taxes owed, but not provide a refund. It requires sufficient tax liability, can be combined with other funding programs, and may reduce installation costs when combined with other rebates. Renters may not be eligible.

Learn More

A "Home Energy Solutions" Energy Audit is Your Best First Step.

Looking to maximize your Air Source Heat Pump incentive/rebate and achieve optimal energy savings for your home? Look no further than a comprehensive Home Energy Solutions (H.E.S.) audit. By identifying areas of energy waste and recommending upgrades to enhance efficiency, a HES assessment is the logical first step in your energy savings journey. Plus, with the HES Score you receive, you'll be able to qualify for the best incentives available. Don't miss out on the opportunity to save energy and money - schedule your HES audit today and start your journey towards a more efficient home.

H.E.S. only costs you $75 out-of-pocket. It could be free-of charge if you qualify for Home Energy Solutions Income-Eligible (H.E.S.-IE).

Two,Air,Source,Heat,Pump,Units,Installed,On,A,Modern

$0

Service Cost (free-of-charge if eligible*)

$0

Average Annual Energy Savings

$0

Weatherization Service Value

$0

Average 1st Year Savings

Insulation

Rebate: $1.70 per Square Foot
Max Rebate N/A
Avg. Lifetime Savings $4000
Avg. Lifespan (Years) 20 - 50
Learn More

Triple Pane Window

Rebate: $100 per Unit
Max Rebate N/A
Avg. Lifetime Savings $10000
Avg. Lifespan (Years) 20 - 30
Learn More

Ground Source Heat Pump

Rebate: $1250 per Ton
Max Rebate $15000
Avg. Lifetime Savings $50000
Avg. Lifespan (Years) 25 - 50
Learn More

Smart Thermostat

Rebate: $85 per Unit
Max Rebate N/A
Avg. Lifetime Savings $565
Avg. Lifespan (Years) 9 - 10
Learn More

Tankless Gas Water Heater

Rebate: $300 per Unit
Max Rebate N/A
Avg. Lifetime Savings $2000
Avg. Lifespan (Years) 18 - 20
Learn More

Natural Gas Furnace

Rebate: $650 per Unit
Max Rebate $650
Avg. Lifetime Savings $1550
Avg. Lifespan (Years) 18 - 20
Learn More

Natural Gas Boiler

Rebate: $750 per Unit
Max Rebate $750
Avg. Lifetime Savings $20000
Avg. Lifespan (Years) 18 - 20
Learn More

Heat Pump Water Heater

Rebate: $750 per Unit
Max Rebate $750
Avg. Lifetime Savings $4000
Avg. Lifespan (Years) 10 - 12
Learn More

Gas Condensing Water Heater

Rebate: $300 per Unit
Max Rebate $300
Avg. Lifetime Savings $1500
Avg. Lifespan (Years) 10 - 11
Learn More

Boiler Circulator Pump

Rebate: $35 per Unit
Max Rebate $35
Avg. Lifetime Savings $4800
Avg. Lifespan (Years) 10 - 15
Learn More
×

Have more questions? Our team has answers!

Scroll to Top