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
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Low income – 80% of project cost up to an $8,000 lifetime rebate limit
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Moderate income – 60% of project cost up to a $6,000 lifetime rebate limit
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Any income – 40% of project cost up to a $4,000 lifetime rebate limit
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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.
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Heat pumps up to $2,000
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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:
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1 Zone – $500
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2 Zone – $750
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3 Zone – $1,000
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Air source heat pumps
Retrofit:
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1 Zone – $1,200
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2 Zone – $1,600
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3 Zone – $2,000
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Air source heat pumps
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Small Business Mini-Split Heat Pump Retrofits
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1 Zone – $1,600
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2 Zone – $2,000
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3 Zone – $2,400
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Air source heat pumps
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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/