Duke Energy Indiana customers, Indiana · Rebate
Smart $aver HVAC Rebates (Duke Energy Indiana)
Run by Duke Energy Indiana
Duke Energy Indiana electric customers get $200 to $3,000 back for a new central air conditioner, heat pump, mini-split or geothermal system installed by a participating Smart $aver contractor, plus $65 for a smart thermostat.
Amounts
How much you get
A set rebate by equipment type and efficiency tier. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| Replace on failureCentral AC 14.3 SEER2 | $200 |
| Replace on failureCentral AC 15.2 SEER2 | $300 |
| Replace on failureCentral AC 16 SEER2 or higher | $400 |
| Replace on failureAir-source heat pump 15.2 SEER2 / 7.5 HSPF2 | $400 |
| Replace on failureAir-source heat pump 16 SEER2 or higher / 7.5 HSPF2 | $500 |
| Replace on failureMini/multi split 18 SEER2 / 9.0 HSPF2 | $500 |
| Replace on failureGeothermal heat pump 19 EER2 or higher | $500 |
| Early replacementCentral AC 14.3 SEER2 | $300 |
| Early replacementCentral AC 15.2 SEER2 | $400 |
| Early replacementCentral AC 16 SEER2 or higher | $500 |
| Early replacementAir-source heat pump 15.2 SEER2 / 7.5 HSPF2 | $600 |
| Early replacementAir-source heat pump 16 SEER2 or higher / 7.5 HSPF2 | $700 |
| Early replacementMini/multi split 18 SEER2 / 9.0 HSPF2 | $700 |
| Early replacementGeothermal heat pump 19 EER2 or higher | $700 |
| Replace on failureConversion: Heat pump to dual fuel (80% AFUE or better furnace) | $2,500 |
| Early replacementConversion: Heat pump to dual fuel (80% AFUE or better furnace) | $3,000 |
| Replace on failureConversion: Heat pump to cold climate heat pump or ducted mini/multi split (21 SEER2 / 9.0 HSPF2) | $2,000 |
| Early replacementConversion: Heat pump to cold climate heat pump or ducted mini/multi split (21 SEER2 / 9.0 HSPF2) | $2,500 |
| Baseboard or radiant heat to heat pump or mini/multi split, replace on failureConversion: Electric furnace | $800 |
| Baseboard or radiant heat to heat pump or mini/multi split, early replacementConversion: Electric furnace | $800 |
| 15.2 SEER2, replace on failureConversion: Heat pump to ducted mini-split | $400 |
| 15.2 SEER2, early replacementConversion: Heat pump to ducted mini-split | $800 |
| 18 SEER2 or higher, replace on failureConversion: Heat pump to ducted mini-split | $500 |
| 18 SEER2 or higher, early replacementConversion: Heat pump to ducted mini-split | $900 |
| 15.2 SEER2, replace on failureConversion: Heat pump to non-ducted mini/multi split | $600 |
| 15.2 SEER2, early replacementConversion: Heat pump to non-ducted mini/multi split | $1,000 |
| 18 SEER2 or higher, replace on failureConversion: Heat pump to non-ducted mini/multi split | $800 |
| 18 SEER2 or higher, early replacementConversion: Heat pump to non-ducted mini/multi split | $1,200 |
| Replace on failureConversion: Heat pump to geothermal heat pump (COP 3.6 or higher) | $2,300 |
| Early replacementConversion: Heat pump to geothermal heat pump (COP 3.6 or higher) | $2,300 |
| Smart thermostat add-on (bought with the HVAC equipment) | $65 |
Eligibility
Do I qualify?
You need to meet all 5 of these.
Duke Energy residential electric customer.
Single-family and multi-family homes, condominiums, mobile homes on permanent foundations, townhomes and duplexes.
Equipment must be installed by a participating Smart $aver contractor.
What to doUse Duke's Find It Duke site to pick a participating contractor before work starts. Get a quote from a contractor
Equipment must be AHRI certified with ECM motors and meet the SEER2/EER2/HSPF2 tier for the rebate. Central air conditioners, air-source heat pumps and geothermal units need program-specific duct sealing.
What to doAsk the contractor for a system that meets the tier in the rebate table, and for the program's duct sealing. See what equipment counts
Early-replacement rebates need a system that still works: it must still provide both heating and cooling and cannot have a failed compressor, cracked heat exchanger or large refrigerant leak.
What to doReplace the system before it fails to qualify for the higher early-replacement amount.
Equipment
What equipment counts
The program sets these minimums for furnaces, ac and thermostats and heat pumps.
AHRI certified with ECM motors.
- Central air conditioners
SEER2 of at least 14.3 (rebate tiers at 14.3, 15.2 and 16 or higher).
- Heat pumps
Air-source heat pump at 15.2 SEER2 or higher and 7.5 HSPF2 or higher.
Mini/multi split at 18 SEER2 or higher and 9.0 HSPF2 or higher, conditioning at least 1,000 sq. ft. of living space.
- Geothermal heat pumps
Geothermal heat pump at 19 EER2 or higher at full load.
Applying
How to apply
Your contractor applies for you. Submit and get approved within 60 days of the date of service. Amounts apply to projects completed after 7/31/2025.
- Choose your rebate project and find a participating contractor.
Duke points customers to Find It Duke to connect with a participating contractor.
- Contractor installs the equipment and submits your rebate application.
Applications and supporting documents must be submitted and approved within 60 days of the date of service.
- Receive your rebate.
Duke sends a card in the mail or a digital Mastercard for your virtual wallet.
Contractor-submitted rebate application and supporting documentation
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 Smart $aver HVAC Rebates (Duke Energy Indiana) pay?
$65 to $3,000, depending on what you install. The table under How much you get lists each amount.
Do I need to be a Duke Energy Indiana customer?
Yes. It’s only for homes in Duke Energy Indiana customers, Indiana. See Do I qualify for the details.
Do I have to use a contractor?
Yes. Equipment must be installed by a participating Smart $aver contractor.
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
- SEER2 and EER2
- Cooling efficiency ratings on the model’s spec sheet. Higher is better.
- HSPF2
- A heat pump’s heating efficiency rating. Higher is better.
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
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