Simple upgrades in your home will save energy, increase your comfort and help protect the environment. Take advantage of these cash-back rebates that make energy-saving, high-quality products affordable plus, save you energy for years to come.
Rebates are Easy
Energy-saving Product Rebates – Purchase qualifying products at your local store or online, install the products and submit your rebate application.
- Water Heater
- Pool Pump
Heating and Cooling (HVAC) Rebates – Your local contractor will help you choose from the qualifying products and guide you through the steps to submit your rebate application.
- Air Source Heat Pump
- Ductless Heat Pump / Mini-split
- Geothermal Heat Pump
- Packaged Terminal Heat Pump (PTHP)
- ECM Furnace Fan Motor
- Wi-Fi / Smart Thermostat
Product Rebate Overview – The HVAC and Energy-saving Products flyer is a handy way to keep all the rebates at your fingertips.
Find a Contractor*:
2018 – 2019 Participating Contractors.
To be eligible for a rebate, you must meet the following criteria.
- Be an I&M residential customer.
- Products must be purchased and installed by December 13, 2020.
- Rebate application must be received by December 13, 2020. Applications after this date will be processed at 2021 rebate levels.
- Rebate application must be received within 60 days of product purchase and installation.
- Equipment must be new and meet the specifications listed in the rebate application.
- The rebate cannot exceed the cost of equipment, excluding installation cost.
- Review the specific product rebate application for qualifying terms and conditions.
|Air Source Heat Pump Traditional Ducted Systems|
|SEER 16 / HSPF => 8.7||$300||$300|
|SEER 17 / HSPF => 9.2||$400||$400|
|SEER 18 and above||$600||$600|
|SEER 21 and above||–||$600|
|Ductless Heat Pump / Mini Split|
|Replacement Must replace heat pump||1 Ton||2 Ton||> 3 Ton||1 Ton||2 Ton||> 3 Ton|
|SEER 17 / HSPF => 9.5||$50||$100||$150||$80||$160||$240|
|SEER 19 / HSPF => 9.5||$110||$220||$330||$110||$220||$330|
|SEER 21 / HSPF => 10||$135||$270||$405||$135||$270||$405|
|SEER 23 / HSPF => 10||$150||$300||$450||$150||$300||$450|
|Displacement Must replace electric resistance||1 Ton||2 Ton||> 3 Ton||1 Ton||2 Ton||> 3 Ton|
|SEER 17 / HSPF => 9.5||$150||$300||$450||$200||$400||$600|
|SEER 19 / HSPF => 9.5||$200||$400||$600||$230||$460||$690|
|SEER 21 / HSPF => 10||$270||$540||$810||$270||$540||$810|
|SEER 23 / HSPF => 10||$285||$570||$855||$285||$570||$855|
|Geothermal Heat Pump|
|Closed-loop Must Displace Air Source Heat Pump||3 Ton||4 Ton||5 Ton||3 Ton||4 Ton||5 Ton|
|EER 19.6 / 3.5 COP||–||–||–||$360||$480||$600|
|EER 21.07 / 3.8 COP||–||–||–||$480||$640||$800|
|EER 23.5 / 4.2 COP||–||–||–||$600||$800||$1,000|
|EER 29.9 / 4.2 COP||–||–||–||$720||$960||$1,200|
|Packaged Terminal Heat Pump (PTHP) – Variable Speed|
|EER 15.3 / 3.5 COP Upgrade from PTAC SEER 10.5 Electric Resistance Heat||–||$250|
|EER 15.3 / 3.5 COP Upgrade from PTHP Min. Replacement SEER 10.5 / 7.7 HSPF||–||$100|
|ECM Furnace Fan Motor Retrofit Upgrade Only|
|ECM Furnace Fan Motor Retrofit Upgrade Only||$100||$100|
|Central Air Conditioner Upgrade Only|
|SEER 17 and above||–||$50|
|Wi-Fi / Smart Thermostat|
|Wi-Fi / Thermostat – Central AC||$25 Non-electric Heat||$15 Gas & Electric Heat|
|Wi-Fi / Thermostat – Heat Pump||50% of Purchase Price|
up to $100
|Smart Thermostat – Central AC – Electric Furnace||50% of Purchase Price|
up to $100
|Smart Thermostat – Central AC||50% of Purchase Price|
up to $100
|Home Energy Products||Rebate|
|Heat Pump – Energy Star – EF >=2.0|
Single/Multi-family 50 Gallon
|Electric High Efficiency – EF = 0.93||–||$50|
|Electric High Efficiency – EF = 0.93|
Multi-family 30 Gal. Replacing 0.9 Electric Water Heater
|Pool Pump – Variable Speed|
|Dehumidifier – Energy Star||$25||$25|
HVAC & Energy-saving Products Rebates
See the Rebate Chart for specific product and rebate details.
Air Source Heat Pump
A heat pump can heat, cool and dehumidify your home. It can cut your heating cost by about 50% and your cooling cost by about 25% compared to electric furnace, baseboard or ceiling heat. Newer technology, makes a heat pump a smart energy-saving option – even in cold climates. Get your rebate application.
Ductless Heat Pump / Mini Split
Go ductless and save up to 60% on your heating cost! Plus, get air conditioning! A ductless heat pump or mini split is perfect for homes with electric baseboards, ceiling heat or an electric furnace. It is ultra-quiet and provides maximum year-round comfort and control while cutting your heating and cooling costs 30% – 60%! Get your rebate application.
Geothermal Heat Pump
Geothermal heat pumps are among the most efficient and comfortable heating and cooling technologies available because they use the earth’s natural heat to provide heating and cooling. Geothermal systems can reduce energy consumption by up to 50% compared to air source heat pump systems. Get your rebate application.
Packaged Terminal Heat Pump (PTHP)
Packaged Terminal Heat Pumps (PTHP) are ductless, convenient, all-in-one heating and cooling solutions. PTHPs are very energy efficient and use 1/3 less energy than standard air conditioning and heating. PTHP’s are commonly found in hotels, senior housing, hospitals, apartment buildings, add-on rooms and sunrooms. Get your rebate application.
Central Air Conditioner
Today’s air conditioners use about 50% less energy as air conditioners made in the mid-1970s. Even if your air conditioner is only 10 years old, it might be time to upgrade. You can save up to 40% of your cooling energy costs by replacing it with a newer, more efficient model. Get your rebate application.
ECM Furnace Fan Motor
Furnace fans are among the home’s biggest energy users.Traditional furnace motors operate at a constant speed. An ECM (electronically commutated motor) is a more efficient furnace motor with speed and torque controls built in. This allows the motor to adjust its speed to ensure optimal air flow at all times while using about 30% less energy. Get your rebate application.
Wi-Fi / Smart Thermostat
A Wi-Fi smart thermostat allows you to control your home’s temperature from anywhere, anytime. A smart thermostat learns your schedule to customize a home energy plan and give you energy savings.
Get your rebate application.
Water heaters are the second highest source of energy usage in the home. High efficiency electric water heaters and heat pump water heaters are easy choices for energy savings, performance and reliability. A high efficiency electric water heater can save a family of four over $3,400 in energy costs over it’s lifetime compared to a standard model. Get your rebate application.
An energy efficient pool pump uses about 70% less energy than a standard pool pump. With a new pool pump you can save about $200 each season. Get your rebate application.
An energy-efficient dehumidifier uses 30% percent less energy than standard models. With a new dehumidifier you could save $200 over the life of the unit, while avoiding more than 2,800 pounds
of greenhouse gas emissions. Get your rebate application.
Congratulations on buying an energy efficient product. You will save energy, increase your comfort and help protect the environment.
You must include a copy of your dated sales receipt and/or invoice showing the manufacturer, model number and price of the eligible product purchased. Incomplete information will delay or disqualify your rebate.
All applications must be received by December 13, 2020. Applications received after this date will be processed at 2021 rebate levels.
Heating and Cooling (HVAC) Equipment
(Heat Pumps, Wi-Fi Smart Thermostat, ECM Motor)
Submit Your Rebate
Online: Apply online to receive your rebate sooner.
Mail:Indiana Michigan Power
Home Energy Products Program
PO Box 60
Fort Wayne, IN 46801
Thank you for participating in this program. An independent program evaluator may contact you to ask questions about the products and energy efficiency. If you would like more programs like this, please let them know.
What do you need for proof-of-purchase?
A dated sales receipt is required as proof of purchase. It must include:
- Retailer or contractor name, address and phone number
- Itemized listing of product(s)
- Model number(s) or other identifying information
- Purchase price
- Proof it is paid in full
- Receipt information must match the product information on the rebate application
In addition, Heating and Cooling Rebates require:
- Contractor’s invoice marked paid in full or showing zero balance
- A copy of the product’s AHRI or manufacturer specification sheet indicating product efficiency
Product efficiency can be found on the AHRI Database.
What is the HVAC Program Quality Assurance?
All HVAC equipment rebate applications are subject to a random quality assurance inspection. This is an onsite inspection to verify equipment installation. You do not need to be home for the inspection, unless the equipment is inside your home.
Where is the rebate check mailed?
Rebate checks will be mailed to the account holder at the mailing address on record with I&M.
Who is the rebate made payable to?
Rebate checks will be issued to the account holder at the mailing address on record with I&M.
Can I get a rebate on more than one product?
Yes. To speed up processing, submit all eligible equipment on one rebate application.
How long until I get my rebate check?
Please allow 4-6 weeks for your rebate check to arrive.
Who do I call for a status on my rebate?
Please call 855-231-5274.