Bottom line – the higher the efficiency rating, the greater your rebate and the savings on your bill.

 

Electric Heat

Air-Source Heat Pump Rebates

Efficiency (SEER Rating) New Construction Replacement Early Retirement
15 $150 $150 $300
16+ $250 $250 $450
  • See your participating contractor for details on qualifying systems.

Ground-Source Heat Pump Rebates

Efficiency (EER Rating) New Construction Replacement Early Retirement
16-18 $800 $800 $1,000
19+ $1,000 $1,000 $1,250
  • See your participating contractor for details on qualifying systems.

Mini-Split Rebates

Cooling Type Efficiency Rating
(SEER Rating)
New Construction or
Replacement
Air Conditioning 14+ $150
Heat Pump 15+ $200
  • See your participating contractor for details on qualifying systems.
  • Mini-splits are not eligible for early retirement rebates.

 

Gas Heat

Even gas furnaces use electricity to operate. Most natural gas furnaces have an electric starter and fan, and when temperatures get colder, the gas furnace engages the starter more often and the fan runs more – both causing increased electrical costs. You could save up to $50 per year with a 95% efficient furnace and an efficient furnace fan motor.

You can pair this rebate with other DP&L and Vectren rebates to save even more.

Rebate Incentives for Furnaces (must have an Electronically Commutated Motor)

Furnace Replacement Only with Air Conditioner with Heat Pump
$50 $50 $25
  • See your participating contractor for details on qualifying systems.

 

Additional Rebates

Measure Installed with Rebate
Programmable Wi-Fi thermostat* Heat pump or ground source heat pump $40
Smart thermostat** Heat pump or ground source heat pump $75
Heat pump water heater Electric heat source $400
Heat pump water heater Gas heat source $400
  • See your participating contractor for details on qualifying systems.
    *Must be paired with the installation of a qualifying high efficiency heat pump.
    **$75 rebates available for qualifying smart thermostats only.

Elibigibility Requirements

  • New Construction – High efficiency new equipment installed in a newly built home, in an existing home, or a home addition where there is no previously existing CAC or HP system.
  • Replacement – High-efficiency, new equipment installed as a replacement for existing equipment and not meeting early retirement eligibility requirements.
  • Early Retirement – High-efficiency, new equipment installed as a replacement for existing equipment and meeting the following requirements is eligible for early retirement rebate incentives:
    • Existing equipment is in working order, regardless of age OR
    • Existing equipment is less than or equal to 20 years old and is repairable for less than $1,000.

Page last updated: June 22, 2017.