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HVAC Install


Replacing old and worn out equipment is a fact of life. Installing a high efficiency heating and cooling system will help make your home more comfortable, reduce your energy usage and carbon footprint, and save you money for years to come!

Receive $200 incentive for installing a qualifying heat pump or central air conditioner!

Earn cash incentives by installing qualifying high efficiency heating or cooling equipment in your new or existing home.

Complete an HVAC install application for each qualified installation. Email the completed forms to Incentives@DukeResSmartSaver.com, fax them to 866-728-8293, or mail the forms to the address on the application. All applications must be submitted within 90 days of installation to be eligible for the Smart $aver incentive.

Program Rules & Requirements

  • Customer Incentive – Eligible Duke Energy customers receive $200 for each new, qualifying heat pump and central air conditioner installed in an existing home.
  • Trade Ally Incentive – Participating builders receive $300 for each new, qualifying heat pump and central air conditioner installed in newly constructed homes.
  • The Smart $aver® program is for new and existing single family homes, condominiums, townhomes or duplexes.
  • HVAC equipment must be installed by a Participating Contractor.
  • Applications must be submitted within 90 days of system installation.

Note: Duke Energy reserves the right to revise program requirements and incentive levels at anytime. Incentives are subject to availability. For questions not addressed on the website, call 866-785-6209.

Save more with the installation of a new, high efficiency heat pump or central air conditioner.

Heating Costs and Comparisons:

  • Learn more about heating costs by comparing the costs of various heating fuels.

Estimated Smart $aver Savings:

Note: Duke Energy reserves the right to revise program requirements and incentive levels at anytime. Incentives are subject to availability. For questions not addressed on the website, call 866-785-6209.

Customer Eligibility

  • Incentives for qualifying equipment are available to Duke Energy Indiana electric customers residing in single family homes, condominiums, townhomes, duplexes and manufactured homes on permanent foundations.
  • Apartments, mobile homes and multi-family homes (three or more units) are not eligible for these incentives.
  • Incentive application forms will not be accepted until the new system is installed and operable.

Qualifying HVAC Equipment Requirements
Existing Home
Customer Incentive Amount
New Home
Builder
Incentive
Amount
Heat Pumps: must be 14 SEER or greater and include an ECM fan on the indoor unit $200 $300
Central Air Conditioners: must be 14 SEER or greater and include an ECM fan on the indoor unit $200 $300
Geothermal Heat Pumps: must be 10.5 EER or greater and include an ECM fan on the indoor unit. $200 $300

The following systems do not qualify for incentives regardless of the size of the unit or the efficiency: Through-the-wall room HP or AC, Window HP or AC, Mini Split or Multi split HP or AC, Portable HP or AC, and Evaporative AC.

Note: Duke Energy reserves the right to revise program requirements and incentive levels at anytime. Incentives are subject to availability. For questions not addressed on the website, call 866-785-6209.

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What is a SEER/EER?

These are energy efficiency ratings. The higher the number, the less energy the system uses. Make sure the unit you purchase has a SEER/EER rating certified by the Air Conditioning, Heating, and Refrigeration Institute (AHRI).

What is an ECM fan motor?

The electric fan in your indoor unit is responsible for a good portion of your electric heating costs. Older, standard fans use much more energy than new energy efficient electronically commutative motor (ECM) fans. Sometimes called a “variable speed” fan, an ECM fan also offers many other features for added comfort in your home. An ECM fan motor on your indoor unit is required for each qualifying air conditioner or heat pump.

What is a Participating Contractor?

Contractors who complete Duke Energy's Participating Contractor. sign-up form are eligible to offer the Smart $aver program incentives, including customer incentives. Participating Contractor. will complete your Incentive Application and are familiar with all other program requirements.

Should my heating technician be heat pump certified?

Duke Energy recommends that your HVAC technician have a current heat pump certification with Refrigeration Service Engineers Society (RSES) or North American Technician Excellence (NATE). Heating systems installed by a heat pump certified technician help to ensure maximum efficiency, comfort and reliability.

Is a new gas furnace eligible for the Smart $aver program?

A new gas furnace will not qualify for a rebate. But, if you also purchase a new central air conditioner, you should consider a new, high efficiency heat pump. Instead of buying a central air conditioner, purchase an “add-on” heat pump, and use it with your gas or oil furnace. There is no heating technology that is more efficient than the heat pump during most winter temperatures, and it could be eligible for the Smart $aver incentive. In a dual-fuel system, the more efficient heat pump is used for 60 percent or more of your total heating load and your gas furnace is used only on the coldest days.

How much can I save with a Smart $aver heat pump?

Read Estimated Smart $aver Savings for an estimate. Savings are illustrative only; Duke Energy does not guarantee savings.

A more detailed discussion on the heating costs for your home can be found at Heating Costs & Comparisons .

How do I apply for a Smart $aver rebate?

Your Participating Contractor will submit your Incentive Application and will provide you the necessary details that will allow your new system to qualify.

When can I apply for Smart $aver rebates on a new home?

You can submit an application for Smart $aver rebates on a new home after both of these events have occurred: 1) the HVAC system, including the outdoor unit, is fully installed and working, 2) the new home has the electric meter installed.

What types of residential HVAC refrigeration systems qualify for Smart $aver incentives

The following residential HVAC technologies qualify for incentives, assuming the matched components achieve 14 SEER, can be verified with an AHRI reference number and include an ECM fan: Heat Pump (HP) or Air Conditioner (AC) split systems, HP or AC single package (self-contained) systems, and geothermal heat pumps including direct geoexchange systems.

The following systems do not qualify for incentives regardless of the size of the unit or the efficiency: Through-the-wall room HP or AC, Window HP or AC, Mini Split or Multi split HP or AC, Portable HP or AC, and Evaporative AC.

Why does Duke Energy want to help me use less energy?

By 2030, demand for electricity in the United States is expected to grow by approximately 25 percent. In the past, utilities like Duke Energy would build new power plants to keep up with the rising demand for power.

But building new power plants is expensive, and each takes years to complete. Plus, new power plants can have a negative impact on our environment.

The cleanest, most efficient power plant is the one we never have to build. If we can help our customers save energy – and save money in the process – it can reduce the demand for new power plants.

Note: Duke Energy reserves the right to revise program requirements and incentive levels at anytime. Incentives are subject to availability. For questions not addressed on the website, call 866-785-6209.