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This program was approved by the New Hampshire Public Utilities Commission to give rebates up to $4,500 for residential members who install a qualified geothermal system. Rebate dollars are limited and will be paid on a first come first served basis.
New Construction - a member would have to build a new house to a HERS index of 70 or less in order to receive up to $4,500 in Geothermal heat pump rebates. The rebate is calculated as $800 per ton up to 5 tons, plus $500 for all Duct work in conditioned space. $350 for plans evaluation and site inspections for new construction will be deducted from the rebate.
Completed application and plans must be submitted prior to Construction.
2008 Incentive Schedule
| |
Geothermal
Conversion |
Geothermal
New Const. |
Geothermal
Heat Pump
Replacement |
HEHP
Conversion |
HEHP
New Const. |
HEHP
Replacement |
| Rebate |
$800/Ton $4000 max.
Plus $500 Duct Bonus |
$800/Ton $4000 max.
Plus $500 Duct Bonus |
$1,000 |
$2,000 |
$2,000 |
$1,000 |
| Upfront Cost |
$350 * |
$0
(Deducated from rebate) |
$0 |
$350 * |
$0 |
$0 |
| HERS |
80 or less** |
70 or less |
N/A |
80 or less |
80 or less |
N/A |
| SEER |
N/A |
N/A |
N/A |
16 |
16 |
16 |
| Total |
$48,000 |
$3,000 |
$16,000 |
$4,000 |
* could be more depending on complexity and square footage of building
to be submitted with application.
** may be waived under certain circumstances and enrollment in HERS Program
NHEC reserves the right to shift funds between categories.
NHEC will advise and monitor the progress of contracts, costs, design, etc. NHEC is not providing technical or mechanical advice for Geothermal heat pump installation.
Funding is limited and issued on a first come basis.
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For other inquiries, please contact Co-op Member Solutions by Email, or call
1-800-698-2007 |
