Modern Electric Water Company » Residential Rebates » Air Source Heat Pump-Electric Furnace Rebate
Offered to Modern Electric Water Company residential customers who meet eligibility requirements.
Pre-approval is strongly encouraged. Please apply before work is scheduled.
Eligible homes
- Existing single-family Site Built (4 units or less) or Manufactured homes.
- ONLY homes with existing Electric Forced Air Furnace qualify.
- New residential construction and multifamily buildings are not eligible.
Qualified projects
- The home has an existing Electric Forced-Air Furnace.
- The new, centrally-ducted Air Source Heat Pump is the first heat pump in the home.
- A licensed contractor performs the heat pump installation.
- The contractor provides the new heat pump’s certificate or reference number from AHRI (Air conditioning, Heating, and Refrigeration Institute).
- The AHRI certificate demonstrates the minimum efficiency requirement.
Minimum efficiency requirement
7.5 HSPF2 and 14.3 SEER2
or
8.8 HSPF and 15 SEER
Rebate
Non-Variable Speed: $1,000
Variable Speed: $1,200
Modern rebates are paid directly to the customer on the utility account. Rebate assignments to contractors are not allowed.
Required documents
- Please submit the AHRI information with the pre-approval.
- If the actual installed model differs from the one specified in the pre-approval, new AHRI information is required with the final paperwork.
- Rebates cannot be finalized without AHRI information.
- Manufacturer specifications must be provided to show whether the heat pump is variable speed or inverter driven, or non-variable speed.
- The final invoice must show the exact, complete model number of the outdoor unit installed.
Upgrades, replacements, and new construction
We now offer an Air Source Heat Pump Upgrade/Replacement for projects that are not eligible for the Electric Forced Air Furnace Conversion requirements.
The Upgrades/Replacements rebate is open to homes with any existing heat source, including an old heat pump. New construction homes are eligible.
Last Update: 1/27/25