Heat Pumps

Heat pump cash incentives

Upgrading your electric heating system to a qualifying high-efficiency heat pump provides year-round comfort by heating your home in winter and cooling it in summer—not to mention increasing your home’s energy efficiency and saving you money. Some helpful tips for getting the most from your new heat pump include:

  • Set your thermostat to the temperature that’s comfortable for you, and leave it there. Your system is most efficient when your heat pump does all the work. Ask your contractor to help you determine which heat pump size is right for you.
  • Seal and insulate your duct system when you replace your heating equipment to prevent unintended heat loss.
  • Have your contractor show you how to operate your heat pump and be sure to follow the manufacturer’s service and maintenance guidelines (five-year check-ups are usually adequate).

Energy Trust offers cash for installing high-efficiency heat pumps. Read more below about applying for cash incentives and hiring a contractor.

 Energy Trust Incentives

For an upgrade from an electric furnace, baseboard, 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; back-up systems do not qualify for an incentive.

Other Incentives
Heat pump optimization: $150
(CheckMe!® or Performance Tested Comfort SystemsTM commissioning)

For ductless heat pump information, click here.

Heat pump advanced controls: $250 for your existing system. Help prevent your furnace from turning on when it’s not needed and save up to 15 percent of the energy you use to heat your home. You may lower annual heating costs by up to $95, without the expense of buying a new heat pump.

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.

Tax Credits

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; back-up systems do not qualify for an incentive. Ductless heat pumps (also called "mini splits") do not qualify for this incentive. 

Oregon customers 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 90 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:

Mail:
Energy Trust of Oregon
Existing Homes
P.O. Box 40508
Portland, OR 97240

Fax: 1.866.516.7592

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 a scanned copy or legible digital photo of your contractor’s invoice and Check Me! certification (if applicable).

Apply Now

If you are unable to use the online application, complete and then mail or fax Energy Trust Form 320H (PDF | Doc) along with your contractor's invoice marked "paid in full" to receive a cash incentive for heat pump improvements.