Incentive increases coming October 1, 2023


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 UpgradeCurrent Incentive (through Sept 30)Increased Incentive (starting Oct 1)
Ductless heat pump replacing electric resistance heat$500Up to $1,0001
$1,500$1,800
$1,000$1,800
$1,000$1,800
$800$1,800
Gas furnace (must be 95% AFUE)$1,400$1,600
$1,000$1,600
$1,000 $1,600
Extended capacity heat pump$650$1,000
$650$2,000
$650$2,000
$650$2,000
Extended capacity heat pump replacing electric furnace$1,350$3,000
$1,650$3,000
$1,650$3,000
N/A$6,000
Heat pump replacing electric furnace$700$1,000
$1,000$3,000
$1,000$3,000
Smart thermostat$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.