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Heat Pump Incentives

Save money, energy and the environment, while increasing your home’s comfort, when you switch to electric heat pumps.  Zero-interest financing may also be available.

Generous rebates lower your upfront costs.

There are three heat pump incentive packages depending on your current heating fuel and system configuration.

Regardless of the package that applies to your needs, the amount of rebate is based on the size of the system you install. Your participating contractor will estimate your total rebate amount.

  1. Electric heating customers

    Electric heating customers wanting to switch to high-efficiency heat-pump heating might qualify for an enhanced incentive. Plus, heat pumps provide both heating and cooling all-in-one. National Grid rebates will help you save and gain year-round comfort.

    Click here for details and the Enhanced Rebate form 

    If you have questions, please contact us at 844-615-8315 or email

    Contact a participating contractor to get started. 

  2. Oil or propane heating

    Customers replacing or displacing oil or propane heating systems with energy-efficient air source heat pumps may be eligible for a Rhode Island OER enhanced rebate funded by Regional Greenhouse Gas Initiative (RGGI).

    To qualify for the enhanced funding from OER, a project must also concurrently apply and qualify for standard heating and cooling heat pump rebates from National Grid.

    Click here for details and OER Enhanced Rebate form

    If you have questions, please contact us at 844-615-8315 or email

    Contact a participating contractor to get started.

    Note: The enhanced heat pump rebates for residential oil or propane heating customers is supported through Rhode Island's participation in the Regional Greenhouse Gas Initiative (RGGI).

  3. Natural gas heating customers

    National Grid natural gas heating customers qualify only for the standard incentive of up to $350/ton on central and mini-split heat pump equipment.

    Click here for details and Standard Rebate form.  If you have questions, please contact us at 844-615-8315 or email

    Contact a participating contractor to get started.


Additional financing options for heating customers who qualify for Enhanced Incentive by upgrading to heat pumps make this efficiency upgrade even more affordable.

In addition to equipment rebates, National Grid and OER offer zero-interest loans of up to $15,000 for approved high-efficiency heat pump systems that are displacing electric heat, fuel oil heating, or propane heating. This means you can have your heat pump system installed now, and use the savings to help pay off the loan over seven years.  Call EnergyWise to schedule your free home energy assessment and reference the Heat Pump program for expedited scheduling at 888-633-7947.


If you have questions, please call us at 844-615-8315.

For a list of approved contractors, see our participating contractors list.