Wabash Valley Power Heat Pump Rebates

NOTICE: Additional Heat Pump Rebates Available for a Limited Time

Fact Sheet

If you’ve been thinking about replacing your old electric furnace or heat pump, there’s never been a better time to do it. Now through November 15, 2010, Tipmont REMC and our power supplier, Wabash Valley Power Association, are offering an incentive to retail residential customers for upgrading to a new, more-efficient electric air source or ground source heat pump heating and cooling system.

Install a new air source heat pump in your home and WVPA will give you $125 per ton, up to 10 tons total. If you choose a ground source heat pump the amount will be $150 per ton, again up to 10 tons total.

In addition to this rebate, you may also be eligible for a rebate from the state and a federal tax credit worth up to 30% of your new system’s cost. And don’t forget that Tipmont REMC still has a rebate. All together you could be eligible to save up to $1500 when you upgrade your old system.

The WVPA heat pump rebate has the following eligibility requirements:

• You must be a current cooperative member with an electric forced air furnace system, electric baseboard, electric ceiling cable or an older, less-efficient air source or ground source heat pump with an electric back up
• The new equipment must be installed in a home located on co-op lines
• You must replace your old system with an all-electric air source heat pump or geothermal heat pump that meets our minimum efficiency criteria of:

• New home construction is not eligible for this rebate
• Homes switching from gas, propane, wood or some other form of heating fuel that is not electric are also not eligible for this rebate

To claim your WVPA rebate, just present your completed rebate form to Tipmont REMC with a copy of the proof of purchase and installation, heat loss/heat gain calculation and AHRI certificate. Allow 6 to 8 weeks for rebates to be processed. Please note that a heat loss/heat gain calculation and AHRI certificate to verify equipment efficiency can be obtained from your HVAC contractor.

Go to www.energystar.gov/index.cfm?c=tax_credits.tx_index for information on the Federal Tax credit.

Go to www.inenergyefficiency.com for information on the State of Indiana ENERGY STAR® Appliance rebate.

Go to www.tipmont.org/rebates for information on Tipmont REMC Rebate Programs.