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Bangor Hydro Electric Company - Residential and Small Commercial Heat Pump Program (Maine)

Eligibility 
Commercial
Residential
Savings Category 
Heat Pumps
Program Info
State 
Maine
Program Type 
Utility Rebate Program
Rebate Amount 

Mini-Split Heat Pumps: $600; plus 7.75% financing if necessary

Provider 
Bangor Hydro Electric Company

Bangor Hydro Electric Company offers a two-tiered incentive program for residential and small commercial customers. Mini-Split Heat Pumps are eligible for a rebate of $600, as well as a loan to cover the initial cost of the heat pump purchase. Financing is offered at 7.75% APR, for up to five years for approved customers. Bangor Hydro or Maine Public Service residential or small commercial customer in good standing may participate. Participating homes and business must use oil, propane, electric resistance heat or kerosene as the primary heat source and spend at least $1,400 on heat annually. The estimated energy savings associated with a new heat pump must cover the cost of the equipment, installation and loan (optional) over five years. Contact Bangor Hydro Electric Company for more information or see the program web site to view the online program application.

Other Information 

HSPF 10 or greater