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:

When you install multiple qualifying upgrades, you can get an additional $100 cash back. Click here to learn more.

  • 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 checkups are usually adequate).

 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.

Other Incentives

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; 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:

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 include a scan 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 320C (PDF | Doc), along with your contractor's invoice, marked "paid in full," to receive a cash incentive for heat pump improvements.