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Eastern Iowa REC customers, Iowa · Rebate

Residential Geothermal Heat Pump Rebate

Run by Eastern Iowa Light & Power Cooperative (Eastern Iowa REC)

Eastern Iowa REC members installing a geothermal heat pump get $500 per ton with a new closed loop or $200 per ton when only the unit is replaced, plus $100 per ton for hybrid systems with gas backup.

Open Checked Oct 28, 2026

Amounts

How much you get

Paid per ton, in half-ton increments from the AHRI rating. The amount depends on which of these fits your install.

What you installYou get
Per tonGeothermal heat pump with new closed loop$500
Per tonGeothermal unit replacement on existing loop$200
Added per tonHybrid system with gas backup$100

Eligibility

Do I qualify?

You need to meet all 2 of these.

  • Member receiving electric service from Eastern Iowa Light & Power Cooperative (Eastern Iowa REC) at the address where the equipment is installed.

  • Closed-loop geothermal heat pump listed in the AHRI Certification Directory; pump-and-dump systems don't qualify.

Applying

How to apply

Apply within six months of the purchase date (per the invoice); the 2026 forms cover purchases on or after January 1, 2026.

  1. Confirm the system is AHRI listed.

    Open-loop pump-and-dump systems don't qualify.

  2. Install the system.
  3. Apply within six months.

    SmartHub online form or the 2026 PDF form, with the invoice.

    Go to smarthub.tfaforms.net

  4. Receive the rebate.

    Amounts under $500 are credited to the electric bill unless you ask otherwise; larger amounts are mailed as a check.

Forms and instructions, including for applying by mailRebates - Eastern Iowa REC · Eastern Iowa REC 2026 Residential Geothermal Heat Pump rebate form · Eastern Iowa REC 2026 Residential Marketing Incentives Overview

Questions about applying855-938-3616

Your address

Next steps

Check that it covers your address. Then, if you want, ask for a contractor quote.

FAQ

Questions

How much does Residential Geothermal Heat Pump Rebate pay?

$100 to $500, depending on what you install. The table under How much you get lists each amount.

Do I need to be a Eastern Iowa REC customer?

Yes. It’s only for homes in Eastern Iowa REC customers, Iowa. See Do I qualify for the details.

What’s the deadline?

No fixed deadline. Apply any time while it’s open.

Is it still available?

Yes. It was open when we last checked, on October 28, 2026.

References

Sources

This page is built from these official pages, run by the program itself.

  1. Rebates - Eastern Iowa RECeasterniowa.com · Read Oct 28, 2026 · Re-checked weekly
  2. Eastern Iowa REC 2026 Residential Geothermal Heat Pump rebate formeasterniowa.com · Read Oct 28, 2026 · Re-checked monthly
  3. Eastern Iowa REC 2026 Residential Marketing Incentives Overvieweasterniowa.com · Read Oct 28, 2026 · Re-checked monthly

When one of these pages changes, we re-check this page against it.

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Nearby

More in Iowa

  • Eastern Iowa REC customers, Iowa

    Residential Air Source Heat Pump Rebate

    Up to $500 back

    Eastern Iowa REC members get $500 per ton for a cold-climate (NEEP-listed) air source heat pump, $300 per ton for an ENERGY STAR model and $200 per ton for a mini-split, plus $100 per ton for a hybrid system with gas backup and $150 when replacing gas heat.

    Checked Oct 28, 2026

  • All of Iowa

    Geothermal Heating & Cooling System Property Tax Exemption

    Amount varies

    Iowa homeowners who install a geothermal heating or cooling system pay no property tax on the value it adds to the home for ten years. File form 54-011 with your city or county assessor by February 1 of the first year you claim it.

    Checked Oct 28, 2026

  • Heartland Power Cooperative customers, Iowa

    2026 Energy Efficiency and Conservation Incentives

    Up to $1,000 back

    Heartland Power Cooperative members get 2026 rebates of $25 to $1,000 on ENERGY STAR appliances, appliance recycling, water heaters, heat pumps ($200 to $400 per ton), windows, smart thermostats, EV chargers and audit-recommended improvements.

    Checked Oct 28, 2026