Indiana Heat Pumps
2323 verified programs, updated 2026-08-08. 1 incentive type.
South Central Indiana REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialSeptember 24, 2024
Heat Pump or Smart Water Heater: See here Mini-Split Heat Pump: Up to $500 Geothermal Heat Pump: Up to $2,000 Air Source or Dual Fuel Heat Pump: Up to $500 HVAC Tune-Up: 50% off cost up to $50 Electric Outdoor Equipment: Up to $150
Duke Energy - Residential and Builder Energy Efficiency Rebate Program
Rebate ProgramUtility, Construction, ResidentialMay 15, 2024
Central AC: $200 - $400 Air Source Heat Pump: $300 - $500 Geothermal Heat Pump: $500 Smart Thermostat: $65 Heat Pump Water Heater: $350 Attic Insulation and Air Sealing: $250/unit Duct Sealing: $100/unit Variable Speed Pool Pump: $300
Bartholomew County REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialAugust 19, 2024
HVAC Tune-Up: 50% of cost up to $50 Electric Outdoor Equipment: $Up to $150 Air Source Heat Pump: $300 - $500/unit Mini-Split Heat Pump: $300/unit Geothermal Heat Pump: $2,000/unit Heat Pump Water Heater: $500
RushShelby Energy - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialSeptember 5, 2025
Air Source & Dual Fuel Heat Pump Tier 1 — $300 Tier 2 — $400 Tier 3 — $500 Dual Fuel Heat Pump $300 - $500 per unit Heat Pump Water Heater $500 per unit Geothermal Heat Pump Closed loop — $2,000 Wi-Fi Enabled Electric Storage Water Heater $200 per unit Electric Lawn Equipment Handheld — up to $50 Push-type — up to $50 Riding — up to $150 HVAC Tune-Up Lesser of $50 or 50% of cost
Clark County REMC - Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialJuly 24, 2024
Outdoor Electric Equipment: Up to $150 Air Source and Dual Fuel Heat Pumps: $300 - $500 Mini-Split Heat Pump: $300 - $500 Geothermal Heat Pumps: $2,000 Heat Pump Water Heater: $500 Wi-Fi Enabled Electric Storage Water Heater: $200
Utilities District of Western Indiana REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialSeptember 30, 2024
HVAC Tune-Up: 50% of cost up to $50 Electric Outdoor Equipment: 50% of cost up to $150 Air Source and Dual Fuel Heat Pump: $300 - $500 Mini-Split Heat Pump: $300 - $500 Geothermal Heat Pump: $2,000
Dubois REC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialNovember 17, 2025
Air Source/Duel Fuel Heat Pump: $300 - $500 Mini-Split Heat Pump: $300 - $500 Geothermal Heat Pump: $2,000
Carroll County REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialJuly 22, 2024
Air Source Heat Pump: $300 - $750 Geothermal Heat Pump: $500 - $1,500 Installation (Contractor): $150
NineStar Connect - Residential Energy Efficient Equipment Rebate Program
Rebate ProgramUtility, ResidentialJuly 10, 2025
Dual Fuel Heat Pump: $500 Air-Source Heat Pumps: $250 - $1,800/unit Heat Pump Water Heaters: $800/unit Geothermal Heat Pumps: $250 - $2,000/unit Wi-Fi Thermostat: $75/unit
Harrison County REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialAugust 27, 2024
Heat Pump Water Heaters: $200 - $500 HVAC/Heat Pump: $300–$2,000 Electric Outdoor Equipment: 50% of cost up to $150 HVAC Tune-Up: 50% of cost up to $50
Jackson County REMC - Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialJuly 24, 2024
Residential HVAC Air Source and Dual Fuel Heat Pump: $300 - $500 Mini-Split Heat Pump: $300 - $500 Geothermal Heat Pump: $2,000 Residential Water Heater Heat Pump Water Heater: $500 Wi-Fi enabled electric storage water heater: $200
Orange County REMC - Energy Efficient Equipment Rebate Program
Rebate ProgramUtility, Commercial, IndustrialAugust 28, 2024
Residential HVAC Air Source and Dual Fuel Heat Pumps: $300 - $500 Mini-Split Heat Pump: $300 - $500 Geothermal Heat Pump: $2,000 Water Heater : $150 -$500 Electric Lawn Equipment : 50% off up to $150 HVAC Tune-Up : 50% off up to $50
Marshall County REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialNovember 20, 2025
Dual Fuel Heat Pump: $500/unit Air-source heat pump: $250 - $1,800 Heat pump water heater: $800 Geothermal heat pumps: $250 - $2,000 Wi-Fi Thermostat: $75
Heartland REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialSeptember 27, 2024
Electric Water Heater: $100 Geothermal: $150/ton up to $750 Air Source Heat Pump: $125/ton
Carroll White REMC - Residential Heat Pump Rebate Program
Rebate ProgramUtility, Residential, Installers/ContractorsJuly 24, 2024
Air Source Heat Pump: $300 - $750/unit Geothermal Heat Pump: $500 - $1,500/unit Heat Pump Contractor Incentive: $150
NIPSCO (Gas & Electric) - Residential Energy Efficiency Program
Rebate ProgramUtility, ResidentialMay 16, 2024
Rebates Smart Wi-Fi Thermostat: $65/unit Natural Gas Furnace: $250/unit Natural Gas Boiler: $250/unit HVAC Tune-Up: $25 Air Source Heat Pump Tune-Up: $50 Energy Star Clothes Washer: $50 Energy Star Dryer: $50 - $203 Energy Star Dishwasher: $15 - $50 Energy Star Refrigerator with Freezer: $14 - $56 Energy Star Freezer: $3 - $5 Central Air Conditioner: $220 - $300/unit Energy Star Room Air Conditioner: $75 Pool Pump: $100 Energy Star Air Purifier: $8 - $50 Energy Star Portable Dehumidifier: $50 Ductless Mini-Split Heat Pump: $60 Electric Ceiling Fan: $30 Energy Star Heat Pump Water Heater: $350 Energy Star Low-E Storm Window Pane Bses: $50 Smart Vents: $50 Certified Manufactured New Home: $3,000
Southeastern Indiana REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialMay 15, 2024
Air-Source and Dual Fuel Heat Pump: $300 - $500 Geothermal Heat Pump: Up to $2,000 Mini-Split Heat Pump: $300 - $500 HVAC Tune-up: Up to $50 Electric Outdoor Equipment: $50 - $150 Heat Pump Water Heater: Up to $500 Wi-Fi Enabled Electric Storage Water Heater: $200 Government Tax Incentives: Up to $3,200 Commercial and Industrial Incentives: Click here for details
Parke County REMC - Energy Efficient Equipment Rebate Program
Rebate ProgramUtility, Commercial, ResidentialAugust 28, 2024
Power Moves Residential Rebates Geothermal Heat Pump: $250 - $1,000 Air Source Heat Pump: $250 - $1800 Natural Gas, Propane, and Fuel Oil with Heat Pump - Split System: $500 Heat Pump Water Heater: $800 Wi-Fi Thermostat: $75 Bill Credits Heat Pump Water Heaters: $200 Air Source Heat Pumps: $350 Cold Climate Air Source Heat Pumps: $500 Geothermal Heat Pumps: $800
AES Indiana - Business Energy Incentives Program
Rebate ProgramUtility, Commercial, IndustrialOctober 27, 2025
HVAC & Mechanical Equipment Rebates Central Air Units: $50–$80 per ton (varies by capacity) Packaged Terminal Air Conditioners: $55 per unit Ductless Mini-Split Heat Pump: $40 per ton Packaged Terminal Heat Pumps: $55 per unit Air Source Heat Pumps: $60 per ton Geothermal Heat Pumps: $240 per ton Programmable or Wi-Fi Thermostat: $100 each Guest Room Energy Management Controls: $75–$200 per room Demand Control Ventilation: $0.10 per sq ft Advanced Rooftop Controls: $130–$200 per ton Heat Pump Water Heater: $500 each VFD on HVAC Fans or Pumps: $90 per HP VFD on Compressor: $95 per HP Compressed Air Low-Pressure Drop Filter: $8.75 per HP No-Loss Condensate Drain/Valve: $500 each Lighting & Controls Rebates ENERGY STAR LED Downlight or Track Light: $10 each Under-Cabinet Task Light: $5 each High/Low Bay LED Fixtures: $40 – $240 each (by lumen range) LED Exit Signs: $10 each Case Lighting (Freezer/Cooler): $30 per light Case Lighting Controls: $4 per light controlled 8′ LED Retrofits: $0.30 per watt reduced Linear LED Lamps: $2.50 per lamp LED 1x4, 2x2, 2x4 Fixtures: $5 – $40 each (by lumen range) Delamping (T8/T12): $1 per lamp removed Exterior LED Fixtures: $50 – $250 each (by lumen range) Lighting Controls: $0.10 – $0.15 per watt controlled Networked Lighting Controls: $0.45 per watt or $0.10 per sq ft Kitchen Equipment Rebates Combo Oven: $1,200 each Convection Oven: $700 each Fryer: $250 per vat Griddle: $1,000 each Steam Cookers: $950 – $2,000 (3- to 6-pan) Dishwashers: $375 – $1,400 (varies by type) Ice Machines: $75 – $1,500 (varies by capacity) Glass/Solid Door Freezers: $50 – $600 each Glass/Solid Door Refrigerators: $40 – $175 each Evaporative Fan Controller: $110 each Anti-Sweat Heater Control: $100 per door Strip Curtains: $75 – $150 each Auto-Closer for Walk-In Doors: $250 per door Night Covers: $25 per linear ft Door Gaskets: $10 per linear ft EC Motors (Walk-In / Reach-In): $200 each Snack Machine Motion Controller: $20 each Beverage or Cold Drink Vending Controller: $35 each
Indianapolis Power & Light - Residential Energy Incentives Program
Rebate ProgramUtility, ResidentialMay 14, 2024
Virtual Home Energy Assessment Click here for details. Home Improvement Rebates A/C Tune-Up: $25 Air Source Heat Pump Tune-Up: $50 Discounts Heat Pump Water Heater: $600 Central A/C: $300 - $400 Air Source Heat Pump: $275 - $575 Mini-Split Heat Pump: $300 - $725 Attic Insulation: $0.325 - $0.425/sq.ft. Energy Star Appliance Rebates Smart Thermostat: $50 Electric Clothes Washer/Dryer: $50 Freezer: $25 Heat Pump Water Heater: $600 Pool Pump: $50
Wabash Valley Power Association (28 Member Cooperatives) - Residential Energy Efficiency Program
Rebate ProgramUtility, ResidentialNovember 17, 2025
Dual Fuel Heat Pump: $500 Air-Source Heat Pump: $250 - $1,800 Heat Pump Water Heater: $800/unit Geothermal Heat Pump: $250 - 2,000 Wi-Fi Thermostat: $75/unit
Johnson County REMC - Residential Energy Efficiency Rebate Program
Rebate ProgramUtility, ResidentialJuly 24, 2024
Air Source Heat Pump: $300 - $500 Mini-Split Ductless Heat Pump: $300 - $500 Geothermal Heat Pump: $2,000 Air Source Heat Pump Water Heater: $200 -$500 Attic Insulation: $350 Duct Sealing: $150 Smart Thermostat: $75 Variable Speed Pool Pump: $250 Electric Vehicle Charging Outlet: $600 HVAC Tune-Up: Up to $50 Electric Lawn Equipment: Up to $150
Noble REMC - Residential Energy Efficiency Rebate Incentives
Rebate ProgramUtility, ResidentialJuly 24, 2024
Geothermal Heat Pump Closed Loop: $250 - $2,000 Air Source Heat Pump: $250 - $1,800 Natural Gas, Propane, and Fuel Oil with Heat Pump - Split System (Ducted): $500 Heat Pump Water Heater: $800 Wi-Fi Thermostat: $75