Bangor Hydro Electric Company - Residential and Small Commercial Heat Pump Program (Maine)
Last modified on February 12, 2015.
Financial Incentive Program
|Additional Place applies to||Bangor Hydro Electric Company|
|Name||Bangor Hydro Electric Company - Residential and Small Commercial Heat Pump Program (Maine)|
|Incentive Type||Utility Rebate Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Heat pumps|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||Mini-Split Heat Pumps: $600; plus 7.75% financing if necessary|
|Equipment Requirements||HSPF 10 or greater|
|Installation Requirements|| Contractor must be a registered installer|
Commercial customers must have billing demand of less than 25 kW
|Program Administrator||Bangor Hydro Electric Company|
Bangor Hydro Electric Company offers a two-tiered incentive program for residential and small commercial customers. Mini-Split Heat Pumps are eligible for a rebate of $600, as well as a loan to cover the initial cost of the heat pump purchase. Financing is offered at 7.75% APR, for up to five years for approved customers. Bangor Hydro or Maine Public Service residential or small commercial customer in good standing may participate. Participating homes and business must use oil, propane, electric resistance heat or kerosene as the primary heat source and spend at least $1,400 on heat annually. The estimated energy savings associated with a new heat pump must cover the cost of the equipment, installation and loan (optional) over five years. Contact Bangor Hydro Electric Company for more information or see the program web site to view the online program application.
|Contact Name||Customer Service|
|Department||Bangor Hydro Electric Company|
|Address||PO Box 932|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.