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 SystemsDuctless air source heat pump
> 1 Ton ≥ 15.2 SEER2 & ≥ 8.1 HSPF2
$500
Ducted air source heat pumps*
> 14.3 SEER2 & 8.5 HSPF2
≥ 15.2 SEER2 & 8.1 HSPF2
$750
$1,000
Geothermal heat pump, closed loop New up to $400/ton,
Max $4,000
Replacement up to $200/ton
Central Air ConditionersCentral 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 MotorElectronically 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 HeaterMust 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 HeaterMust be at least 80 gallons, grid enabled$100

ELECTRIC VEHICLE

Electric Vehicle Charger InstallationLevel 2 chargers    $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.