REBATE RESOURCES
The Efficiency Vermont rebate applied at the point of sale is a great benefit to making your heat pump installation more affordable. Did you know about the bonus rebate for income-eligible Vermonters? Did you know about the Federal Tax Credit for heat pump installations? Take a look at our resource list for other documents you can use to help lower the cost and get some benefit back from your installation.
Efficiency Vermont & Green Mountain Power
Efficiency Vermont offers a point-of-sale rebate for mini-splits and centrally ducted heat pumps - more info at this link. They also can help you finance your project through the 0% Interest Home Energy Loan.
If you are an income-eligible home owner, Green Mountain Power also offers additional savings. You can apply for those savings by downloading this form or via the online portal.
If you're a business that is looking for financing assistance for an HVAC upgrade, reach out to EVT via email.
Federal Tax Relief
Through the IRS, the Federal Government provides financial relief for energy efficiency improvements including ducted and mini-split heat pump installations.
Heat pumps and biomass stoves and boilers with a thermal efficiency rating of at least 75% qualify for a credit up to $2,000 per year. Costs may include labor for installation.
Qualified improvements include new:
Electric or natural gas heat pumpsElectric or natural gas heat pump water heatersBiomass stoves and boilers
Complete the IRS Form 5695 and file it with your annual tax return to receive the credit