Geothermal Heat Pump Incentive Program - Residential
NOTICE: As of March 21, 2012 funds still remain in the rebate account for geothermal projects (see box below). We will continue to accept residential rebate applications and small commercial applications (10 tons or less only) until the funds are completely committed. We will post a running tally of remaining funds and update it twice a month.
Please also note the following:
- April 30, 2012 deadline for project completion does not apply to projects under this remaining funding. Those who previously did not think they could make the prior deadline are encouraged to apply.
- 6 month approval letters will be provided. No extensions will be granted.
- Once remaining funds are exhausted, we are not planning to incent geothermal projects with rebates or grants. Geothermal projects will be eligible for our future financing programs, however.
- All other ARRA requirements, including State Historic Preservation Office (SHPO) review of 30 days will still be required.
- Only projects served by Connecticut Light & Power Company or the United Illuminating Company are eligible for these remaining funds.
Please contact Lynne Lewis (lynne.lewis@ctcleanenergy.com) or Neil McCarthy (neil.mccarthy@ctcleaneenergy.com) on the status of the program if you have any questions before submitting a new application.
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FUNDS REMAINING (May 10, 2012)
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$25,241
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Next update: 5/18/12
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Geothermal systems draw upon the relatively constant temperature (~50-55° F) of the soil or ground water deep beneath the earth’s surface to efficiently heat buildings during colder months and cool buildings during warmer months. Because the heat pump transfers heat from one location to another (like an air conditioner), most of the heat delivered is “free” and does not have to be supplied by fossil fuels or electric energy. Energy savings for a typical home heating/cooling system typically range from 30% to 70%, with the GSHP system being most attractive compared to electric resistance heating, and least competitive versus natural gas.
Projects funded under the ARRA program have exhibited the following characteristics:
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Residential
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Commercial
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Average Size 4.772 Tons
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Average Size 40.703 Tons
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Average Rebate $5,306.22
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Average Rebate $72,390.91
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Average Cost/ton $8,782.00
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Average Cost/ton $10,085.00
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These averages can be somewhat misleading when trying to determine the expected cost of a particular project, because site conditions, equipment selection and location all have a significant impact on costs. However, they may be useful in helping to determine whether or not a geothermal heat pump system would make sense for you. We recommend contacting two or more of the “eligible contractors” who have participated in our program, to obtain information and quotes.
For a full program description (including eligibility requirements and funding limits) and application information, click on the links below.
Click here for the Commercial version of the Geothermal Heat Pump Incentive Program
The following incentive structure will apply to all applications received:
- Residential (retrofits of existing building) -- $1,200 per ton of air-conditioning capacity
- Residential (new construction) -- $1,050 per ton
- Commercial for-profit -- $1,050 per ton
- Not-for-profit -- $1,750 per ton
These rates are as of May 14, 2010 and will apply for the duration of the program. Please note that any project submitted prior to November 1, 2011 which is not complete and operating by April 30, 2012 will not be eligible for any payment of the rebate.
Links to Important Information