Lincoln homeowners are now eligible for a $1,000 City of Lincoln-funded incentive toward the purchase of an air source heat pump. Eligible low-income residents who apply will receive $3,000 in City funds. Both may be combined with an $800 incentive from the Lincoln Electric System (LES) Sustainable Energy Program. Funds are available on a first-come, first-served basis through August 31, 2024, or until funds are expended, whichever comes first.
The best way to heat your home in the winter and cool your home in the summer is with a heat pump. Electric heat pumps are more energy efficient than other heating and cooling systems and keep your home comfortable year-round. The City of Lincoln is proud to to help our community save on heating and cooling costs, enjoy cleaner indoor air quality, and reduce greenhouse gas emissions.
Federal tax credits are available for up to 30% of the cost of a new heat pump. This credit may be used in addition to the incentives from the City of Lincoln and LES. Visit the ENERGY STAR Air Source Heat Pumps Tax Credit page for further information. The City recommends consulting a tax professional on qualifying equipment and tax deduction details. You may also qualify for additional savings on other electrification updates. Visit the Inflation Reduction Act Calculator for more information.
For more information visit LES.com/SEP or email SEP@les.com.