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.
|Bangor Hydro Electric Company
|Eligible Renewable/Other Technologies:
|Mini-Split Heat Pumps: $600; plus 7.75% financing if necessary
|HSPF 10 or greater
Contractor must be a registered installer
Commercial customers must have billing demand of less than 25 kW
The home or business where the heat pump will be installed is owner-occupied
PO Box 932
Bangor ME 04402-0932
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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