Ohio Incentives on Geothermal Heat Pump Installation
The state of Ohio and Ohio utility companies offer many tax incentives, rebates, and financing programs to encourage the installation of geothermal heat pumps in your Ohio home or business. Ohio recognizes geothermal heating and cooling as the most efficient, environmentally friendly way to heat and cool your home.
View Ohio’s geothermal heat pump incentives in the links below. If your utility is through First Energy or Lorain-Medina Electric Cooperative, their rebates are listed below also.
AEP Ohio (Electric) – Residential Energy Efficiency Rebate Program
AEP Ohio (Gas) – Residential Energy Efficiency Rebate Program
Butler Rural Electric Cooperative – Energy Efficiency Improvement Loan Program
Cincinnati – Property Tax Abatement for Green Buildings
City of Cleveland – Residential Property Tax Abatement for Green Buildings
City of Elyria – Energy Smart Home Program
Consolidated Electric Cooperative – Heat Pump and Water Heating Rebates
Dayton Power and Light – Residential Energy Efficiency Rebate Program
Duke Energy (Electric) – Commercial/Industrial Energy Efficiency Rebate Program
Duke Energy (Gas & Electric) – Residential and Builder Energy Efficiency Rebate Program
Energy Conservation for Ohioans (ECO-Link) Program
Energy Conversion Facilities Sales Tax Exemption
Firelands Electric Cooperative – Residential Energy Efficiency Rebate Program
Hamilton County – Home Improvement Program
Local Option – Municipal Alternative Energy Revolving Loan Program
Local Option – Special Energy Improvement Districts
Ohio Job Stimulus Plan (Advanced Energy Program)
Qualified Energy Property Tax Exemption for Projects 250 kW or Less
Qualified Energy Property Tax Exemption for Projects over 250 kW (Payment in Lieu)
Vectren Energy Delivery (Gas) – Residential Energy Efficiency Rebates
Lorain-Medina Rural Electric Cooperative
Lorain-Medina Rural Electric Cooperative offers a rebate and ongoing rate incentive to members who have a geothermal system installed.
- Residential applications only.
- $800 rebate for geothermal equipped with electric resistance auxiliary heat.
- $400 rebate for geothermal equipped with fossil-fuel auxiliary heat.
- 1-cent per kilowatt-hour discount applied after 1,000 kWhs is consumed each month; discount not to exceed $100 in a 12-month period per account.
- 50 percent line extension cost refund, not to exceed $500, if contribution-in-ad construction costs (a portion of the cost for line extension construction) are incurred for new service construction.
We are happy to provide you with more information upon request. In addition to Ohio incentives, keep in mind the Federal incentive covers 30% of the total geothermal project cost. This incentive is available until December 2016.