Energy Trust will increase incentives for some Home Retrofit projects this fall. Starting October 1, 2023, customers can receive increased incentives for certain gas furnace, ductless heat pump, heat pump, and contractor-installed thermostat offers. These increased incentives are expected to remain in place throughout 2024.
Please see the below table for updated incentive amounts. Note there are no requirement changes.
| Energy Upgrade | Offer Type | Current Incentive (through Sept 30) | Increased Incentive (starting Oct 1) |
|---|---|---|---|
| Ductless heat pump replacing electric resistance heat | Standard offer | $500 | Up to $1,0001 |
| Rental 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 |
| Rental property | $1,000 | $1,600 | |
| Savings Within Reach | $1,000 | $1,600 | |
| Extended capacity heat pump | Standard offer | $650 | $1,000 |
| 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 |
| 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.
If you have questions regarding these incentive amounts, please contact the Home Retrofit trade ally team at 1.866.365.3526.