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Rebates & Tax Credits on Heat Pumps

18-Oct-2011

Did you know that both Edmond Electric and the Federal Government are offering huge incentives for you to upgrade to a more energy efficient heat pump? It's true and the combined savings can be as much as 40% of the cost to make the change.

 Here's a quick breakdown:

Type of Unit
 Federal Tax Credit
 Edmond Electric Rebate
 OCP Rebates
Air Source Heat Pumps

$300.00

Requirements
Split Systems:
HSPF ≥ 8.5
EER ≥ 12.5
SEER ≥ 15

Package systems:
HSPF ≥ 8
EER ≥ 12
SEER ≥ 14

$250 per ton

Must have a 15.0 EER rating or higher

None
Geothermal Heat Pumps

30% (includes installation)

Requirements:
Closed Loop:
EER ≥ 14.1
COP ≥ 3.3

Open Loop:
EER ≥ 16.2
COP ≥ 3.6

Direct Expansion:
EER ≥ 15
COP ≥ 3.5

$800 per ton

Must have a 16.0 SEER rating or higher

$1,000 per ton

Must meet tier 2 requirements here.

Available as long as funds are available through the OCP.

Expires March 31, 2012 (or earlier if funds are expended).

More Information

Below are links to the corresponding programs:

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