Is it time to replace your old, worn-out heating and cooling system? If your heating and cooling equipment is more than 10 years old or isn't making your home as comfortable as you'd like, consider installing a high-efficiency system. It will help:
- Make your home more comfortable
- Reduce your energy usage and carbon footprint
- Save you money for years to come
And the best part? If your new equipment meets our eligibility requirements, you could get a
Switching to a more energy-efficient system can save you big.
You might be surprised at which areas of your home use the most energy. Heating and cooling use the most energy in an average household – more than 40 percent of your monthly bill comes from the energy needed to heat and cool your home.
Installing an energy-efficient heat pump can save you up to $300 on your heating and cooling costs each year.
This chart illustrates how much you can save when you install a new HVAC system that uses less energy to heat and cool your home. A SEER number is an energy efficiency rating. The higher the number, the less energy the system needs to use to make your home comfortable. And the benefits add up!
These figures represent the expected overall performance of the unit for a year, based on average weather and location.
Annual operating cost based on 3 ton heat pump and .10 kilowatt-hours. Average cooling degree days based on Charlotte, North Carolina, from 2009 - 2013. Operating cost vary depending on climate conditions, home characteristics, energy rates and usage patterns.
- This program is available to Duke Energy residential electric service customers residing in single-family homes, condominiums, mobile homes, townhomes and duplexes.
- Additionally, all application and supporting documentation must be successfully submitted and approved within 90 days of date of service.
Qualifying HVAC equipment requirements
- Heat Pumps must be 15 SEER or greater and include an ECM fan on the indoor unit.
- Central Air Conditioners must be 14 SEER or greater and include an ECM fan on the indoor unit.
- Geothermal Heat Pumps must be 10.5 EER or greater and include an ECM fan on the indoor unit.
Find a participating contractor in your area.
Frequently asked questions
What is an HSPF?
This is an energy efficiency rating for heat pumps. The higher the number, the less energy the system uses in winter heating. Make sure the unit you purchase has an HSPF 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 on your indoor unit is required for each qualifying air conditioner or heat pump.
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 80 percent or more of your total heating load, and your gas furnace is used only on the coldest days.
Can a new home qualify for Smart $aver Incentives?
Builders 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 and 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 or air conditioner split systems, heat pump or air conditioner 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 heat pump or air conditioner, window heat pump or air conditioner, mini-split heat pump or air conditioner, portable heat pump or air conditioner, and evaporative air conditioner.
How do I apply for the HVAC replacement incentive?
After the participating contractor completes the work, he or she will fill out and submit the rebate form, along with any required documentation. Once we receive it, you will get your cash rebate in the mail.
Duke Energy reserves the right to revise program requirements and incentive levels at any time. Incentives are subject to availability. For questions not addressed on the website, call 866.785.6209.