Southern Indiana REC customers, Indiana · Rebate
Residential HVAC Heat Pump Rebate (Southern Indiana Power)
Run by Southern Indiana Power
Southern Indiana Power pays $300 to $500 for a qualifying heat pump, $300 or $500 for a mini-split and $2,000 for a geothermal heat pump, up to 50% of equipment cost.
Amounts
How much you get
Tier 1 $300, Tier 2 $400 and Tier 3 $500 for air source and dual fuel heat pumps by SEER2 rating; multi-zone mini-split $500; single-zone mini-split $300; geothermal $2,000. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| Tier 1 (SEER2 14.3 to 15.3)Air source or dual fuel heat pump | $300 |
| Tier 2 (SEER2 15.4 to 17.2)Air source or dual fuel heat pump | $400 |
| Tier 3 (SEER2 17.3 and up)Air source or dual fuel heat pump | $500 |
| 2 or more inside)Multi-zone mini-split heat pump (1 outside unit | $500 |
| 1 inside)Single-zone mini-split heat pump (1 outside unit | $300 |
| Geothermal heat pump | $2,000 |
Eligibility
Do I qualify?
You need to meet all 3 of these.
Home served by Southern Indiana Power.
SEER2 and HSPF2 ratings from the AHRI certificate must meet the tier. Heat pumps are for whole-home installations, except mini-splits.
Limit of two rebates per primary residence per useful life of the rebated equipment.
Equipment
What equipment counts
The program sets these minimums for heat pumps.
- Heat pumps
HSPF2 rating of at least 7.5 on every tier, shown on the AHRI certificate.
- Heat pumps
SEER2 of at least 14.3 for Tier 1; 15.4 for Tier 2; 17.3 for Tier 3 and for mini-splits; no minimum for geothermal.
Applying
How to apply
Send it within 3 months of buying.
- Check that your home is served by Southern Indiana Power.
- Buy and install the heat pump.
- Get the AHRI certificate.
It shows the SEER2 and HSPF2 ratings; your contractor or the manufacturer can provide it.
- Send in the application.
Include the AHRI certificate and the invoice with manufacturer, model and serial number. Submit within 90 days of installation, in the same calendar year.
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 Residential HVAC Heat Pump Rebate (Southern Indiana Power) pay?
$300 to $2,000, depending on what you install. The table under How much you get lists each amount.
Do I need to be a Southern Indiana REC customer?
Yes. It’s only for homes in Southern Indiana REC customers, Indiana. See Do I qualify for the details.
What’s the deadline?
Deadline: N/A
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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