GMP Announces Extra Savings on Heat Pumps for Low- and Moderate-Income Customers
Up to $1,000 in Rebates Help Customers Reduce Carbon with Efficient, Clean Heating
COLCHESTER, Vt. – Green Mountain Power (GMP) launched extra rebates on heat pumps for low- and moderate-income customers today to make it easier for more Vermonters to cut carbon and increase comfort. GMP is adding to the success of its $400 rebate for each heat pump condenser a customer installs with new, extra rebates for low- and moderate-income customers, for total savings up to $1,000 per condenser.
“Many customers are already enjoying the benefits of using heat pumps, and we’re pleased to make these significant discounts available to help more people switch to clean, efficient heating and cooling for their homes and businesses,” said Kristin Carlson, GMP vice president and chief energy services executive. “Heating with fossil fuel is the second-largest source of carbon pollution in Vermont after driving, so more customers switching to electric-powered heat pumps will help cut carbon and help lower costs for all GMP customers at the same time.”
In 2020, GMP customers received more than 8,000 rebates for heat pumps, offsetting more than 300 million pounds of carbon, the equivalent of taking more than 29,000 fossil-fueled cars off the road for a year, while also helping to reduce costs for all GMP customers.
Fred Letourneau of Barre received a GMP rebate, and he calls his new heat pumps a good investment. “I’m so happy to have a new heating and cooling system that is efficient and simultaneously helps the planet. I’m thankful for all GMP is doing,” Letourneau said.
To qualify for the extra rebates, heat pump customers can review income eligibility guidelines available on GMP’s website. The new discounts are for purchases made on or after Feb. 10, 2021 through June 30, 2021. GMP already offers rebates for ductless heat pump systems, and is now expanding its rebates to include ducted heat pumps. Ducted heat pumps are another option for homes and businesses to switch to cleaner heating and cooling – they use pipes or vents to heat and cool multiple rooms and don’t use a head unit in the wall like ductless heat pumps.
Heat pump rebate amounts for customers are:
- $400 per condenser (outside unit)
- Extra moderate-income rebate: $300 ($700 total per condenser)
- Extra low-income rebate: $600 ($1,000 total per condenser)
More information about all of GMP’s heat pump rebates are on GMP’s website, along with details about savings available on electric vehicles, electric bikes, electric mowers, and home energy storage programs. Businesses can also get great savings on electric vehicles and equipment, including custom energy innovation projects, through GMP’s Business Innovation programs, which help businesses reduce costs and carbon emissions at the same time.
About Green Mountain Power
Green Mountain Power (GMP) serves approximately 266,000 residential and business customers in Vermont and is partnering with them to improve lives and transform communities. GMP is focused on a new way of doing business to meet the needs of customers with integrated energy services that help people use less energy and save money, while continuing to generate clean, cost-effective and reliable power in Vermont. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability and transparency standards and committing to use business as a force for good. GMP earned a spot on Fast Company’s Most Innovative Companies in the World list four years in a row (2017, 2018, 2019, 2020). In 2019 GMP was honored by the Vermont Chamber of Commerce and Vermont Business Magazine with the Deane C. Davis Outstanding Vermont Business of the Year Award.
Kristin Kelly, Green Mountain Power
(802) 318-0872
[email protected]
Heating with fossil fuel is the second-largest source of carbon pollution in Vermont after driving, so more customers switching to electric-powered heat pumps will help cut carbon and help lower costs for all GMP customers at the same time.
Kristin Carlson, VP of Strategy and External Relations, Chief Energy Services Executive at GMP
