Energy Trust of Oregon to ensure we provide cost-effective savings to our customers and trade ally contractors. Most updates take place at the beginning of each calendar year, but adjustments are made as needed throughout the year.
Home Retrofit incentives were adjusted on October 1, 2023, and additional changes will go into effect on January 1, 2024. Please see below for incentive updates by effective date. Incentives which are not listed below will remain unchanged at the beginning of 2024. These changes only apply to Home Retrofit and Retail offers.
October 2023 Increases
Incentive increases that went into effect October 1, 2023 are listed below. These will remain in place on January 1, 2024.
| Energy Upgrade | Offer Type | Previous incentive | Increased Incentive (effective October 1) |
|---|---|---|---|
| Ductless heat pump replacing electric resistance heat | Standard offer | $500 | Up to $1,0001 |
| Regional promotion | $1,500 | $1,800 | |
| Rental property | $1,000 | $1,800 | |
| Savings Within Reach | $1,000 | $1,800 | |
| Multifamily residence | $800 | $1,800 | |
| Gas furnace (must be 95% AFUE) | Community Partner Funding | $1,400 | $1,600 |
| Regional Promotion | $1,400 | $1,600 | |
| Rental property | $1,000 | $1,600 | |
| Savings Within Reach | $1,000 | $1,600 | |
| Extended capacity heat pump | Standard offer | $650 | $1,000 |
| Regional Promotion | $650 | $2,000 | |
| Rental property | $650 | $2,000 | |
| Savings Within Reach | $650 | $2,000 | |
| Community Partner Funding | $650 | $2,000 | |
| Extended capacity heat pump replacing electric furnace | Standard offer | $1,350 | $3,000 |
| Regional Promotion | $1,650 | $4,000 | |
| Rental property | $1,650 | $3,000 | |
| Savings Within Reach | $1,650 | $3,000 | |
| Community Partner Funding | N/A | $6,000 | |
| Heat pump replacing electric furnace | Standard offer | $700 | $1,000 |
| Rental property2 | $1,000 | $3,000 | |
| Savings Within Reach | $1,000 | $3,000 | |
| Smart thermostat | Any offer3 | $100 | $250 |
1 Ductless heat pumps installed replacing electric zonal heat (ex. baseboard, wall heaters) are eligible for $500 if an additional non-electric heating source is present in the primary living space.
2New $3,000 incentive only eligible for single family rentals. Multifamily rental property incentive to remain $1,000.
3If installed in a side-by-side or condo/townhouse unit, must be primarily heated by a gas furnace. Contractor-installed smart thermostats in electric heated homes incentives remain at $100.
January 1, 2024 Updates
Home Retrofit Incentive Changes effective January 1, 2024:
| Energy Upgrade | State | 2023 Incentive | 2023 Requirements | 2024 Incentive | 2024 Requirements |
|---|---|---|---|---|---|
| Gas Tankless Water Heater | Oregon | $200 | Must be 0.82 - 0.95 UEF | $400 | Must be listed on Energy Trust’s Qualified Products List |
| Gas Tankless Water Heater | Oregon | $400 | Must be 0.96 UEF or greater | $400 | Must be listed on Energy Trust’s Qualified Products List |
| Gas Tankless Water Heater | Washington | $400 | Must be 0.81 UEF or greater | $400 | Must be listed on Energy Trust’s Qualified Products List |
Retail Incentive Changes effective January 1, 2024:
| Energy Upgrade | State | 2023 Incentive | 2023 Requirements | 2024 Incentive | 2024 Requirements |
|---|---|---|---|---|---|
| LED Grow Lights | Oregon | $50-$350 | Must be purchased at a participating retailer | $50-$350 | Must be purchased participating retailer Purchase limit 2 per residential customer |
Starting in January, please use our revised application forms.
For more information about incentive changes and effective dates, contact the Home Retrofit team at 1.866.365.3526.