Home Retrofit

Home Retrofit and Retail incentive changes in 2024


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 UpgradeOffer TypePrevious incentiveIncreased Incentive (effective October 1)
Ductless heat pump replacing electric resistance heatStandard offer$500Up 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 pumpStandard 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 furnaceStandard 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 FundingN/A$6,000
Heat pump replacing electric furnaceStandard offer$700$1,000
Rental property2$1,000$3,000
Savings Within Reach$1,000$3,000
Smart thermostatAny 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 UpgradeState2023 Incentive2023 Requirements2024 Incentive2024 Requirements
Gas Tankless Water HeaterOregon$200Must be 0.82 - 0.95 UEF$400Must be listed on Energy Trust’s Qualified Products List
Gas Tankless Water HeaterOregon$400Must be 0.96 UEF or greater$400Must be listed on Energy Trust’s Qualified Products List
Gas Tankless Water HeaterWashington$400Must be 0.81 UEF or greater$400Must be listed on Energy Trust’s Qualified Products List

Retail Incentive Changes effective January 1, 2024:

Energy UpgradeState2023 Incentive2023 Requirements2024 Incentive2024 Requirements
LED Grow LightsOregon$50-$350Must be purchased at a participating retailer$50-$350Must 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.