PLEASE NOTE: OUR FUNDING FOR THE 2024 YEAR HAS RUN OUT AND REBATES WILL NO LONGER BE AVAILABLE!
OEC sponsors a Heat Pump Rebate Program in order to encourage the installation of clean air-source and ground-source heat pump systems. Heat pump systems are the most efficient heating systems available so they will save you money over the long term and they reduce carbon emissions because they are powered by OEC electricity. If you are interested in installing a heat pump, your vendor will need to prepare an application which is linked below and we will provide the rebate if the project complies with our requirements after it is completely installed and operational. OEC provides up to $5,000 toward the costs of either an air source or ground source system. If the heat pump will not be the primary and exclusive source of heat for the premises, OEC will only provide a 50% rebate.
Geothermal heat pumps (GHPs), sometimes referred to as GeoExchange, earth-coupled, ground-source, or water-source heat pumps, have been in use since the late 1940s. They use the relatively constant temperature of the earth as the exchange medium instead of the outside air temperature so they are the most efficient method available to heat a residence.
Please contact Otsego Electric Cooperative, Inc. when planning your project to verify the availability of funds. Otsego Electric is a not-for-profit electric cooperative and has a limited annual budget for qualifying projects.
For more information on the technology, how it works, and what you can expect, we suggest reaching out to Heat Smart Mohawk Valley for a local resource. You can find them here: https://www.heatsmartmv.org/
- The maximum combined amount payable (member-only, or member and contractor combined) is $5,000
- If the member chooses to leave their existing heating system in place as backup heat the total eligible rebate is halved (50%)
- We use the website ASHP (neep.org) to qualify the home system for BTUs at 5 degrees.
Additional Resources:
Energy.gov: Energy Saver Information
NYSERDA (not affiliated with OEC)
