T.I.P. Rural Electric Cooperative customers, Iowa · Rebate
Air Source Heat Pump Rebate and Electric Heat Rate
Run by T.I.P. Rural Electric Cooperative
T.I.P. REC members get $400 per ton for a cold-climate air source heat pump, $200 per ton plus a $250 bonus for an ENERGY STAR model and $200 per ton for a standard unit, plus $100 per ton for a hybrid with gas backup.
Amounts
How much you get
Per ton of cooling capacity. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| Per tonCold climate air source heat pump | $400 |
| Per ton (plus $250 bonus)ENERGY STAR heat pump | $200 |
| Per tonStandard air source heat pump | $200 |
| Added per tonHybrid add-on heat pump (gas backup) | $100 |
Eligibility
Do I qualify?
You need to meet all 2 of these.
Member receiving electric service from T.I.P. Rural Electric Cooperative at the address where the equipment is installed.
A separate outdoor meter for the heat pump, an electric water heater for 100% of hot water, and a signed load-control agreement for the air conditioning.
What to doSign T.I.P.'s agreement and arrange the separate meter before installation.
Equipment
What equipment counts
Applying
How to apply
You apply by mail. Apply within six months of the purchase date. Get approved before you buy anything.
- Sign the T.I.P. agreement before installing.
The heat pump must be installed within 30 days of the agreement date.
- Print, sign and mail the form with receipts.
T.I.P. REC, PO Box 534, Brooklyn, IA 52211.
- Receive the rebate.
Rebates under $250 can be applied to your bill.
Forms and instructions, including for applying by mailRebates - T.I.P. Rural Electric Cooperative · T.I.P. REC Residential Air Source Heat Pump agreement and rebate form
Questions about applying800-934-7976
Stacking
Use it with
Your address
Next steps
Check that it covers your address. This program has to approve you before you buy anything, so start with the program, not a contractor quote.
Is it available at your address?
Before anything else
Sign T.I.P.'s agreement and arrange the separate meter before installation.
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does Air Source Heat Pump Rebate and Electric Heat Rate pay?
$100 to $400, depending on what you install. The table under How much you get lists each amount.
Do I need to be a T.I.P. Rural Electric Cooperative customer?
Yes. It’s only for homes in T.I.P. Rural Electric Cooperative customers, Iowa. See Do I qualify for the details.
Do I need approval before I buy?
Yes. Apply before you buy or install anything; purchases made first don’t qualify. A separate outdoor meter for the heat pump, an electric water heater for 100% of hot water, and a signed load-control agreement for the air conditioning. Sign T.I.P.'s agreement and arrange the separate meter before installation.
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.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
- Rebates - T.I.P. Rural Electric Cooperative
- T.I.P. REC Residential Air Source Heat Pump agreement and rebate form
When one of these pages changes, we re-check this page against it.
Nearby
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Checked Oct 28, 2026
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Checked Oct 28, 2026
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Checked Oct 28, 2026