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Rebates and Financing

Rebates

​Your new heat pump may qualify for a rebate from Efficiency Maine. The rebate can be mailed directly to you, or assigned to MidCoast Heat Pumps to lower your initial cost.

Residential

Incentives up to $10,600

Efficiency Maine rebates up to $8,000

  • Low income – 80% of project cost up to an $8,000 lifetime rebate limit

  • Moderate income – 60% of project cost up to a $6,000 lifetime rebate limit

  • Any income – 40% of project cost up to a $4,000 lifetime rebate limit 

  • Lifetime rebate limits are per housing unit. A housing unit is defined as having a dedicated kitchen, sleeping area, and bathroom.

Federal Tax Credit up to $2,600 – Click here for details.

  • Heat pumps up to $2,000

  • 200+ amp circuit panels up to $600

Efficiency Maine's  requirements for customers to qualify for these rebates can be found here -

https://www.efficiencymaine.com/at-home/whole-home-heat-pump-incentives/

Commercial

Mini-Split Heat Pumps

New Construction:

  • 1 Zone – $500

  • 2 Zone – $750

  • 3 Zone – $1,000

  • Air source heat pumps

Retrofit:

  • 1 Zone – $1,200

  • 2 Zone – $1,600

  • 3 Zone – $2,000

  • Air source heat pumps

Small Business Mini-Split Heat Pump Retrofits
  • 1 Zone – $1,600

  • 2 Zone – $2,000

  • 3 Zone – $2,400

  • Air source heat pumps

  • Click here for more information on eligibility

Financing

Efficiency Maine offers low cost financing! If you qualify your new heat pump can be installed with NO MONEY DOWN!
 

Apply here - https://www.efficiencymaine.com/at-home/energy-loans/

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