NIPSCO's Energy Efficiency Rebate program offers an opportunity to save even more when you replace old, inefficient equipment with new, high efficiency natural gas and electric equipment. Saving energy and money is easier with rebates for furnaces, boilers, water heaters, heat pumps, ECM fan motors and more.
Do I qualify?
Rebates are available for NIPSCO residential natural gas and/or electric customers, and the location of installed equipment must have active NIPSCO service. Installed equipment must meet the efficiency requirements listed in the table below.
How to apply
Click here for the application
The rebate application and invoice(s) must be postmarked within 60 days of installation. If you have any questions, please contact the Energy Efficiency Rebate Program at 1-800-721-7385.
Rebates for Natural Gas Customers:
| Equipment | Equipment Requirements | Rebate Amount | List of Qualifying Appliances |
| Natural Gas Boiler ≥95% AFUE |
• Customer must use natural gas for space heating. • Boilers must have a modulating burner and include outdoor air temperature reset control. |
$450 per unit | List |
|
Natural Gas Boiler ≥90% AFUE |
• Customer must use natural gas for space heating. • Boilers must have a modulating burner and include outdoor air temperature reset control. |
$300 per unit | List |
|
Natural Gas Furnace with ECM ≥95% AFUE |
• Customer must use natural gas for space heating. • Customer must have both electric and natural gas service from NIPSCO to be eligible for the Furnace with ECM rebate. • NIPSCO gas only customers are eligible for a $200 rebate for furnaces that include ECM motors. • Furnace must be primary heat source for home’s living space and be a sealed combustion unit. |
$300 per unit | List |
|
Natural Gas Furnace ≥95% AFUE |
• Customer must use natural gas for space heating. |
$200 per unit | List |
|
Natural Gas Furnace ≥92% AFUE |
• Customer must use natural gas for space heating. • Furnace must be primary heat source for home’s living space and be a sealed combustion unit. |
$150 per unit | List |
|
Natural Gas Tankless Water Heater ≥0.82 EF |
• Customer must use natural gas for water heating to be eligible for the Natural Gas Water Heater rebates listed on this page. • Storage and Condensing Water Heaters must have a capacity of 30 gallons or greater. |
$150 per unit | List |
|
Natural Gas Storage Water Heater ≥0.67 EF (must be ENERGY STAR qualified) |
• Customer must use natural gas for water heating to be eligible for the Natural Gas Water Heater rebates listed on this page. • Storage and Condensing Water Heaters must have a capacity of 30 gallons or greater. |
$125 per unit | List |
| Programmable Thermostat |
• Must be installed on a natural gas space heating system used for all space heating needs. • Dual-fuel systems (systems with both a heat pump and furnace) are not eligible. |
$20 per unit | List |
- Customer must be a NIPSCO Residential Natural Gas Customer on rate 411, 415 or 451.
- Chimney liners must be installed where an atmospherically-drafted appliance remains in the existing chimney after a sealed combustion unit has been installed. A sealed combustion unit must provide combustion air from outside the home. Installers must also complete the flue closure protocol when a sealed combustion unit has been installed. If a power vented natural gas water heater is installed, the installer must complete the flue closure protocol as well.
Rebates for Electric Customers:
| Equipment | Equipment Requirements | Rebate Amount | List of Qualifying Appliances |
|
Ductless Heat Pump, Replacing Resistive Electric Heat ≥17 SEER & 9.5 HSPF |
• Customer must be a NIPSCO electric customer and use electric service for space heating. • Ductless Heat Pump must replace an existing Heat Pump to be eligible for the $300 rebate. • Ductless Heat Pump must replace Resistive Electric Heat to be eligible for the $500 rebate. |
$500 per unit | Please consult your contractor |
|
Ductless Heat Pump, Replacing Existing Heat Pump ≥17 SEER & 9.5 HSPF |
• Customer must be a NIPSCO electric customer and use electric service for space heating. • Ductless Heat Pump must replace an existing Heat Pump to be eligible for the $300 rebate. • Ductless Heat Pump must replace Resistive Electric Heat to be eligible for the $500 rebate. |
$300 per unit | Please consult your contractor |
|
Electric Heat Pump ≥16 SEER & 8.4 HSPF |
• Customer must be a NIPSCO electric customer and use electric service for space heating. | $250 per unit | Please consult your contractor |
|
Electric Heat Pump ≥15 SEER & 8.2 HSPF |
• Customer must be a NIPSCO electric customer and use electric service for space heating. | $200 per unit | Please consult your contractor |
|
Electric Heat Pump Water Heater ≥2.0 EF |
• Customer must be a NIPSCO electric customer and use electric service for water heating. • Storage Water Heaters must have a capacity of 30 gallons or greater. |
$300 per unit | List |
|
Electric Storage Water Heater ≥0.95 EF |
• Customer must be a NIPSCO electric customer and use electric service for water heating. • Storage Water Heaters must have a capacity of 30 gallons or greater. |
$50 per unit | List |
| ECM Motor Replacement |
• Customer must be a NIPSCO electric customer and use either natural gas or electric service for space heating. • Variable-speed (ECM) blower motor must replace furnace motor. |
$150 per unit | List |
| Programmable Thermostat |
• Customer must be a NIPSCO electric customer and use electric service for space heating. • Must be installed on an electric heat pump system used for all space heating needs. • Dual-fuel systems (systems with both a heat pump and furnace) are not eligible. |
$20 per unit | List |