UPDATED: At the February 7, 2022 meeting, the Board voted to discontinue the “Loan” portion of the Heat Loan & Rebate program. The program will now offer REBATES ONLY!

GELD is offering a 10% REBATE (not to exceed $500) for heat pumps and/or mini-split systems, geothermal, and electric thermal storage (ETS) systems. Note: a home energy audit is not required to apply for the rebate.

Please also note:  ONLY ONE REBATE PER HOUSEHOLD IS ALLOWED.

Eligible Improvements

Rebate Application Process

  1. The REBATE Form is available below or can be emailed. The form and the contractor quote must be submitted to GELD.
  2. GELD will review the application and notify the customer of approval or denial of the GELD Application. In the case of the application not being approved, a reason will be given.
  3. Applicant then has work completed by contractor(s).
  4. Following the project completion, the customer calls GELD for a post-installation inspection. The rebate will be processed by GELD after post-installation inspection.
CLICK HERE FOR Rebate Application

Acceptable ratings for Air-Source Heat Pumps

Air-Source Heat Pumps – ductless mini-split systems

Air Source Heat Pump     >= 12 EER     >=16 SEER     >=8.5 HSPF   = $250 Rebate
Air Source Heat Pump     >= NA EER     >=18 SEER     >=9.6 HSPF   = 10% of cost up To $500 Rebate

Ductless Mini Split Heat Pump     NA EER     >=18 SEER     >=9 HSPF   = 10% of cost up to $500 Rebate

***To avoid any confusion, oil-burner furnaces do not qualify for the heat loan; if they use air-source heat pumps, they may qualify for a rebate if they meet the SEER & HSPF specifications.

Energy Efficiency Ratio (EER):
A room air conditioner’s efficiency is measured by the energy efficiency ratio (EER). The EER is the ratio of the cooling capacity (in British thermal units [Btu] per hour) to the power input (in watts). The higher the EER rating, the more efficient the air conditioner.

 Seasonal Energy Efficiency Ratio (SEER):
This is a measure of equipment energy efficiency over the cooling season. It represents the total cooling of a central air conditioner or heat pump (in Btu) during the normal cooling season as compared to the total electric energy input (in watt-hours) consumed during the same period. SEER is based on tests performed in accordance with AHRI 210/240 (formerly ARI Standard 210/240)1.

Heating Seasonal Performance Factor (HSPF): This is a measure of a heat pump’s energy efficiency over one heating season. It represents the total heating output of a heat pump (including supplementary electric heat) during the normal heating season (in Btu) as compared to the total electricity consumed (in watt-hours) during the same period. HSPF is based on tests performed in accordance with AHRI 210/240 (formerly ARI Standard 210/240).

Air-Source Heat Pump (ASHP):  An air-source unitary heat pump model consists of one or more factory-made assemblies which normally include an indoor conditioning coil(s), compressor(s), and outdoor coil(s), including means to provide a heating function. ASHPs shall provide the function of air heating with controlled temperature, and may include the functions of air-cooling, air-circulation, air-cleaning, dehumidifying or humidifying.

Note: Mini-Split cooling-only units are not eligible.