Energy Trust Incentives
For an upgrade from an electric furnace, baseboard heat, a wall heater or ceiling heat
High-efficiency heat pump, HSPF 9.0: $450
High-efficiency heat pump, HSPF 9.5: $700
For an upgrade from an old heat pump or replacing non-electric heat (examples include: propane, wood or oil)
High-efficiency heat pump, HSPF 9.0: $250
High-efficiency heat pump, HSPF 9.5: $500
Incentive offer is subject to funding availability and may change. Heat pump must be used as the primary heat source; backup systems do not qualify for an incentive.
Additional Incentives for new heat pumps
Heat pump optimization: $150
(CheckMe!® or Performance Tested Comfort Systems® commissioning)
Heat Pump Lockout Controls: $150 for your new heat pump with an electric furnace backup. Available on new heat pumps with HSPF less than 9.0. Lockout controls help your new heat pump run as efficiently as possible by preventing your furnace from turning on when it’s not needed. View qualified products list. Controls must be installed by an Energy Trust trade ally that specializes in instant incentives at the time of new heat pump installation and be configured with a 35°F lockout*.
*Or be listed as a qualifying web-enabled thermostat on the qualified products list.
Savings Within Reach
Moderate-income residents in Oregon who participate in Savings Within Reach are eligible to receive an increased cash incentive when a participating contractor installs a qualifying heat pump. Special requirements apply. See all available cash incentives for moderate-income residents.
Oregon residential energy tax credit: An Oregon tax credit may be available. View availability and requirements. Ask your tax professional for complete details.
Federal energy tax credit: A federal tax credit may be available. View availability and requirements. Ask your tax professional for complete details.
Heat pump must be used as the primary heat source; backup systems do not qualify for an incentive. Ductless heat pumps (also called mini-splits) do not qualify for this incentive.
Customers in Oregon of Portland General Electric or Pacific Power are eligible to participate.
Energy Trust does not pay incentives for energy-efficiency improvements that are mandated for building code compliance, such as remodeling, renovation or new additions to the home.
Incentives are not intended to influence consumer decisions on fuel sources.
Follow these easy steps to get cash for installing a high-efficiency heat pump in your home:
1: Establish your eligibility.
2: Select a contractor and have the work completed.
To receive an Energy Trust cash incentive, contact a qualified, energy-efficiency-trained Energy Trust trade ally contractor or any contractor with a current Oregon Construction Contractors Board license.
3: Submit your application within 60 days of installation. Often, your contractor will help you complete the application form. Use our online application, or mail or fax your signed and completed paper application form, along with your contractor's invoice, marked “paid in full,” to:
Energy Trust of Oregon
P.O. Box 40508
Portland, OR 97240
Please allow six to eight weeks for incentive processing and payment.
Questions? Call us at 1.866.368.7878.
Use our online form to apply for your heat pump cash incentive. To complete your application, you'll be required to enter information such as the installation date, equipment serial/model number, and efficiency rating, as well as include a scan or legible digital photo of your contractor’s invoice and Check Me! certification (if applicable).
If you are unable to use the online application, complete and then mail or fax Energy Trust Form 320C (PDF | Doc), along with your contractor's invoice, marked "paid in full," to receive a cash incentive for heat pump improvements.