If you're a Hoosier, there's never been a better time to upgrade your HVAC system.  The Indiana Heating and Cooling Incentive Program (IHIP) will provide rebates for the purchase and installation of Energy Star Rated furnaces, boilers, central air conditioners and heat pumps. The rebates range from $150 to $1,000 (see listing below). Indiana received $6.1 million for this program, which will remain active as long as there are funds to distribute.

If you'll be in your home for a while and you want to make improvements for yourself, or if your home could use some updating to make it more appealing to buyers, ELFCU has loan products to meet your needs. 

Combined with federal energy tax incentives and related utility cost savings, the new state rebates will make the purchase of a higher efficiency system an attractive investment for many Indiana homeowners.

IHIP is the Indiana program that is part of the federal State Energy Efficiency Appliance Rebate Program (SEEARP). This program will compliment the rebate or incentive programs already in place through many of Indiana's utility companies.


Energy Star Rated Technology Incentives:

Gas Furnace > 92% AFUE*
$300

Gas Boiler > 85% AFUE
$500

Central air conditioner > 14.5 SEER**
$150

Heat pump (air to air)***
$500

Heat pump (geothermal)****
$1,000

Consumers and installers can learn more about the program and related restrictions and guidelines as well as download rebate forms and other materials at the IHIP website, http://www.INenergyefficiency.com or through the state's Office of Energy Development website, www.energy.IN.gov.

If you need cash to upgrade your HVAC or for any home improvements, call ELFCU at 317.276.2105 or 800.621.2105, option 1.

Source: Inside INdiana Business/Office of Energy Development