T.I.P. Rural Electric Cooperative customers, Iowa · Rebate
Geothermal Heat Pump Rebate
Run by T.I.P. Rural Electric Cooperative
T.I.P. REC pays $400 per ton for a geothermal heat pump with a new closed loop and $300 per ton for open loop (up to 20 tons), or $150 per ton for a unit replacement on an existing loop.
Amounts
How much you get
Per ton, maximum 20 tons. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| Per tonClosed loop system | $400 |
| Per tonOpen loop system | $300 |
| Per tonUnit replacement on existing loop | $150 |
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.
No second gas heat source for the home (a single-room gas fireplace or stove is allowed); separate meter and electric water heater required.
Equipment
What equipment counts
Applying
How to apply
You apply by mail. Apply within six months of the purchase 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 Geothermal agreement and rebate form
Questions about applying800-934-7976
Stacking
Use it with
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
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 Geothermal Heat Pump Rebate pay?
$150 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.
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 Geothermal agreement and rebate form
When one of these pages changes, we re-check this page against it.
Nearby
More in Iowa
T.I.P. Rural Electric Cooperative customers, Iowa
Air Source Heat Pump Rebate and Electric Heat Rate
Up to $400 back
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.
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