A heat pump is the most advanced and efficient heating and cooling system available today. With over 55% of annual household energy expenses attributed to heating and cooling, energy experts recommend heat pumps because they are the most economical way to keep your home comfortable year-round.Choosing an energy efficient heat pump is the best purchase you can make for your home. In fact, a heat pump is an ideal heating and cooling option for almost any building. Using a heat pump and insulating your duct work will make a big impact on those heating and cooling bills.
How do Heat Pumps work?
A heat pump is basically an air system with a reversing valve. These systems use electricity to move the heat found naturally in the air or ground to keep your home or business comfortable year-round. During the cooling season, a heat pump moves warm air out of your home creating a cool indoor environment just like an air conditioner. During the heating season, a heat pump extracts warm air from outside or beneath the ground and moves it into your home.
Heat Pump Rebates
| Ground Source Heat Pumps |
Rebate |
|
Ground source heat pump incentive for new installation |
$500/ton *$250/ton |
|
Ground source heat pump desuperheater |
$100/unit |
| Ground source heat pump bonus | *$200/ton |
|
Air Source Heat Pumps |
|
| Air source heat pumps rated from 15 to 17 SEER (not to exceed 50% of equipment cost) | $300/ton |
| Air source heat pumps rated 17.1 SEER or greater (not to exceed 50% of equipment cost) | $450/ton |
|
Additional incentive for central air source with integrated controlled ETS backup in lieu of a separate ETS incentive |
$100/unit |
| Air source heat pump bonus for units rated 17.1 SEER or greater | *$200/ton |
|
Terminal units (through-the-wall mounted heat pumps rated one ton or greater) |
$85/unit |
*Bonus Incentives
For 2021, PVREA has limited funding available for certain heat pumps. Rebates will be issued on a first-come, first serve basis, and bonus is capped at $2,400 per meter.
How to Qualify and Get Started
- Install your system prior to submitting your rebate
- Heat pump(s) must have a minimum 15 SEER rating
- Submit an application online or download the application within 90 days of installation with the following documentation:
- Air Source Heat Pumps:
- A copy of the manufacturer's start up commissioning form or Select-HVAC commissioning form.
- Manufacturer's data sheet including SEER and HSPF rating
- Invoices
- Invoice must include unit cost
- Ground Source Heat Pumps:
- A copy of the contractor's ground loop design to support target loop temperatures and unit overall seasonal performance.
- A copy of the manufacturer's start up commissioning form or Select-HVAC commissioning form.
- Manufacturer's data sheet including EER & COP rating
- Invoices for both the heat pump unit and the associated loop installation.
- Air Source Heat Pumps:
Poudre Valley REA has the Select-HVAC contractor program – a preferred list of experienced and qualified Heating, Ventilation and Air Conditioning (HVAC) Contractors who are qualified to get your job done. View the list of companies here.