Replace your electric strip heat or older heat pump with a new high-efficiency heat pump, and you'll be eligible for an incentive credited on your electric bill. What's more, you'll continue saving money each month. That's because a heat pump with a SEER (Seasonal Energy Efficiency Ratio) of 14 or higher and an HSPF (Heating System Performance Factor) of 7.8 or higher can significantly lower the heating and cooling portion of your electric bill.

How Do I Qualify?
To become eligible for the heat pump rebate, you must:

1. Complete a Home Energy Check   
2. Choose an HVAC (heating, ventilation and air conditioning) dealer who participates in the Progress Energy Heat Pump Incentive Program
3. Replace your electric strip heat or less-efficient heat pump with a high-efficiency heat pump (Both your air handler and condensing units must be replaced at the same time)  

What Type of Rebate Will I Receive?
The amount of your rebate depends upon the type of system you replace and the type of heat pump you purchase.

Rebates for replacing a less-efficient heat pump:

• $100 for a 14 SEER with 7.8 HSPF
• $150 for a 15 SEER with 8.0 HSPF
  
  

Rebates for replacing strip heat:

• $250 for a 14 SEER with 7.8 HSPF
• $350 for a 15 SEER with 8.0 HSPF
  

Your rebate will be credited to your electric bill within 60 days of installation (the exact timing depends upon when we receive the paperwork from your contractor as well as our billing cycle).

Supplemental Bonus:
Receive an additional credit on your electric bill when you install a high-efficiency heat pump and participate in Progress Energy's Insulation or Duct Check Programs within 90 days. This bonus is in addition to the incentives offered with the Heat Pump Check, the Duct Check and the Insulation Check.