LREC’S REBATE CENTER
Lake Region has partnered with Energy Wise to give our members all the choices needed to make your home and business more energy efficient. By taking advantage of these tools and resources, saving energy is easier than you think. If you ever have any questions about rebates, loans, or tax credits, please reach out to our energy management team at (800) 552-7658.
HEATING & COOLING
| Heat Pump Systems | Ductless air source heat pump > 1 Ton ≥ 15.2 SEER2 & ≥ 8.1 HSPF2 | 2 per household/year $500 |
| Ducted air source heat pumps* ≥ 14.3 SEER2 & ≥ 7.5 HSPF2 ≥ 15.2 SEER2 & ≥ 8.1 HSPF2 | 1 per household/year $750 $1,000 | |
| Geothermal heat pump, closed loop | New up to $400/ton, Max $4,000 Replacement up to $200/ton | |
| Central Air Conditioners | Central air conditioner* > 15 SEER/14.3 SEER2 | $50/unit |
| Electric Thermal Storage (ETS) Heating Systems | Steffes ETS systems on Short Term Storage | $25/kW |
| All ETS systems on Long Term Storage | $50/kW | |
| ECM Motor | Electronically Commutated Motor (retrofits only) | $50 |
*Rebates for high efficiency air source heat pumps and air conditioners are available only through qualified contractors registered at HVACRedu.net. Visit GRE’s QI A/C & ASHP Contractors page to find qualified contractors in your area.
WATER HEATING
| Heat Pump Water Heater | Must be ENERGY STAR | $500 |
| ETS Water Heater ($0.055 rate) | Must be at least 100 gallons, grid enabled, with mixing valve | $400 |
| Peak Shave Water Heater | Must be at least 80 gallons, grid enabled | $100 |
ELECTRIC VEHICLE
| Electric Vehicle Charger Installation | Level 2 chargers (limit one per account) | $500 |
All Rebates are subject to change, please contact LREC to verify availability
COMMERCIAL, INDUSTRIAL & AGRICULTURAL REBATES
Lake Region has partnered with Energy Wise to give our CI & A members all the choices needed to make their business more energy efficient. When taking advantage of these rebates, saving energy is easier than ever. If you ever have any questions about CI& A rebates, please reach out to our energy management team at (800) 552-7658.
FEDERAL TAX CREDITS
- Inflation Reduction Act (IRA) tax incentives: the Biden administration has released a variety of incentives to help individuals electrify their homes and vehicles, which will cut energy bills, improve air quality, and cut carbon pollution. Homeowners, renters, and drivers can benefit from the tax credits available under IRA. To help individuals figure out what tax credits are available to them, the Department of Energy has created the Energy Savings Hub. This is a great resource to help determine was is and isn’t covered with IRA.
Under IRA, LREC members can potentially claim extra tax credits and rebates, in addition to what LREC already offers. Energy efficient items covered that match LREC’s current rebates include: an air conditioning unit, water heater, heat pump system (geothermal/air source), and an electric vehicle/charger.
It is estimated that IRA will provide American households with an average of $10,600 to electrify. To see an estimated amount you can receive from IRA, visit Rewiring America.
- The American Recovery and Reinvestment Act (ARRA): adopted in October 2008, AARA allows for a 26% tax credit for costs associated with Energy Star qualified geothermal heat pumps, as noted in section 25D of the Internal Revenue Code. The credit applies to geothermal equipment placed in service. Learn more about: Federal Tax Credits for Energy Efficiency.