Save money with utility and manufacturer rebates in addition to federal tax credits.
Want to finance your system? We offer several options so you can get the comfort you need without stressing about the cost.
Rebates & Financing
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Local
Utility Rebates
Utility Rebate Partners
Regional
Heat Pump Incentives
Yes! You can stack them!
Puget Sound Energy customers can now take advantage of the Energy Smart Eastside programs.
As a preferred installer, we can help qualifying residents stack incentives to save $5,500 - $8,000 when replacing a gas furnace with a heat pump.
Available to all Eastside residents who purchase a Mitsubishi heat pump.
Available to Eastside residents who switch from a fossil-fuel burning heat source (natural gas, propane, oil, wood) to a qualified heat pump, and whose income is under 150% of area median income. Stacks well with the PSE Go Electric rebate and IRA Tax Credit. See if you qualify!
Energy Smart Eastside
Puget Sound Energy
Inflation Reduction Act
All Eastside residents switching from a gas furnace to a qualified heat pump are eligible. This rebate stacks with both Energy Smart Eastside rebates and the IRA tax credits.
Moderate income households can use this rebate to switch from a gas furnace to a heat pump. Stacks with the Energy Smart Eastside rebates and the IRA tax credits.
Already have electric heat, but want to reduce your energy bill? Use this rebate to upgrade from electric forced air furnace or baseboard heating to a qualified heat pump and reduce your electricity use by 30-50%. Stacks with the $500 ESE Mitsubishi Rebate and the IRA tax credits.
This program provides rebates to low and moderate income homes to make a host of energy efficiency investments that really pay off. Includes $2400 off heat pumps when upgrading from electric resistance or electric forced air furnace.
The IRA provides a $2000 tax credit for qualified heat pumps.
Puget Sound Energy
All Eastside residents switching from a gas furnace to a qualified heat pump are eligible. This rebate stacks with both Energy Smart Eastside rebates and the IRA tax credits.
Moderate income households can use this rebate to switch from a gas furnace to a heat pump. Stacks with the Energy Smart Eastside rebates and the IRA tax credits.
Already have electric heat, but want to reduce your energy bill? Use this rebate to upgrade from electric forced air furnace or baseboard heating to a qualified heat pump and reduce your electricity use by 30-50%. Stacks with the $500 ESE Mitsubishi Rebate and the IRA tax credits.
This program provides rebates to low and moderate income homes to make a host of energy efficiency investments that really pay off. Includes $2400 off heat pumps when upgrading from electric resistance or electric forced air furnace.
Puget Sound Energy
The IRA provides a $2000 tax credit for qualified heat pumps.
Inflation Reduction Act
Tacoma Power is still working out the details of their Heat Pump incentives.
Currently, customers are eligible for contractor discounts up to $2000, deferred loans, and $2000 in IRA Tax Credits.
Visit their website for the most up to date information.
Tacoma Power
Seattle City Light
Seattle City Light offers contractor's an instant discount when purchasing qualifying heat pumps that can be passed on to customers.
Discounts range from from $400 - $600 based on the energy efficiency rating of the equipment and can be combined with the IRA Tax Credits.
Models
MXZ 20, 24, 30 and MUZGL 15+
MXZSM all, MXZ 36, MUZGL 9-12
Matched systems (HP & coil or air handler)
Some coil only matches qualify - contact us
Rebate Issuer
Mitsubishi
Mitsubishi
Bosch
What Qualifies
9.5 HSPF
11 HSPF
9.5 HSPF
Rebate Amount
$400
$600
$400
For customers replacing an oil fired heating system, there is also a $2000 incentive available through Mitsubishi. 👇
Cascade Natural Gas
Heat Pump Tax Credits
Federal
Federal tax credits of up to $2,000 are now available to all households regardless of income for qualifying heat pumps under the IRA.
Ducted heat pump systems can qualify in two ways:
1. Systems that have earned the ENERGY STAR label are eligible.
2. Systems designated as “ENERGY STAR Cold Climate” with an EER2 rating greater than or equal to 10.
Mini-split (non-ducted) systems can also qualify in two ways:
1. AHRI-certified systems with:
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SEER2 rating greater than or equal to 16
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EER2 rating greater than or equal to 12
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HSPF rating greater than or equal to 9
2. AHRI-certified "ENERGY STAR Cold Climate" systems with:
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SEER rating greater than or equal to 16
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EER2 rating greater than or equal to 9
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HSPF rating greater than or equal to 9.5
Keep in mind that products need to be rated under the new ENERGY STAR (version 6.1) which became effective January 1, 2023.
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File your taxes and claim the tax credit on your tax return.
You will need to file form 5695 to claim the tax credit (officially called the Residential Energy Efficient Property Credit). There are no income requirements to be eligible for the tax credit. Consult your tax advisor as necessary.
Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2000.
Yes and no.
The IRA included point of sale rebates for qualifying heat pumps based on household income. Unfortunately, the details about how these rebates will work and who will be eligible are still being worked out by our state legislature and are not expected to roll out fully until sometime in 2024 or 2025
For the most up to date information, please visit the Department of Energy website at https://www.energy.gov/scep/home-energy-rebate-programs-frequently-asked-questions
While there is not a Federal point of sale rebate at this time, we offer a variety of fantastic discounts. Just ask about our specials.
*This credit card is issued with approved credit by Wells Fargo Bank, N.A.
Equal Housing Lender
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Financing
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