Owen Electric offers incentives to its members to encourage the selection of energy efficient and environmentally-wise residential equipment. The Heat Pump Retrofit Program provides incentives for our residential members to replace their existing resistance heat source with a heat pump.

  • Incentive applies when homeowner's primary heat source is an electric resistance heat furnace; ceiling cable heat; baseboard heat; or electric thermal storage.
  • Existing heat source must be at least 2 years old.
  • New manufactured homes are eligible for the incentive.
  • Two (2) maximum incentive payments per location, per lifetime for centrally ducted systems.
  • Ducted and ductless mini-splits applying for the incentive will be incentivized at a rate of $250 per indoor head unit up to a maximum of three head units per location, per lifetime.

Residential members/homeowners replacing their existing resistance heat source with a heat pump will qualify for the following incentive based on the equipment type:

Centrally Ducted Systems:

  Current Energy Conservation Standard established by the Federal Department of Energy (DOE), $500

  Current ENERGY STAR level equipment of greater, $750

Mini Split Systems: 

  Ducted or ductless Mini-Splits ENERGY STAR, $250

If you have any questions or would like more information concerning the Heat Pump Retrofit Program, contact Jude Canchola at (800) 372-7612 ext. 3532.