[2026] Northwest Arkansas HVAC & Energy Rebates: A Complete List
All of the energy efficiency related rebates and tax credits available to NWA residents - all in one spot.
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If you live in Northwest Arkansas, have SWEPCO, Black Hills Energy, or Ozarks Electric, and you've never gotten a rebate from either, you're missing out on free money.
See, utilities often pay people to do things that save them money. And generally speaking, the thing that saves them the most money is you reducing your energy usage.
Why?
Well, when you reduce your energy usage, it allows the utility to serve more people with the same amount of power plants, solar panels, etc. And considering that even a small power plant costs hundreds of millions of dollars to build, squeezing every last drop of usage out of them is pretty important to the utilities.
That stuff you probably knew. What you most likely don’t know is that the rebates the utilities use to incentivize people to reduce energy usage are paid for by additions to your monthly bill, regardless of whether or not you use them. Yes, you read that correctly.
So if you are a customer of either SWEPCO, Black Hills Energy, or Ozarks Electric, it’s in your interest to take a long look at the rebates below to determine if you’re eligible for any of them. At least two of them are absolute no-brainers worth hundreds of dollars that almost everyone reading this can and should redeem (the smart thermostat ones).
Quick HVAC-specific summary: If you're in Northwest Arkansas, SWEPCO will pay you up to $3,000 to install a qualifying HVAC system and Black Hills Energy will pay you up to $400 for a qualifying furnace. The other utilities in NWA do not have HVAC equipment rebate programs as of 2026. Try our new rebate calculator to see how much you might qualify for!
Important disclaimer: This page is provided as a good faith attempt to help educate people on the utility rebates and tax credits available for installing energy efficient devices. Please do your own research and confirm any figures provided before making any major decisions. Lastly, many rebates end when the available budget for it runs out. Always call your utility to verify a rebate is still active before doing anything (a heads up to us so we can update this page would be much appreciated as well).
Utility rebates for installing an energy efficient product
SWEPCO
- Energy Efficient Heat Pump
- Rebate amount: up to $3,000 (chart here)
- How to get it: Have an approved contractor install the unit and submit the paperwork. You can find a list of approved contractors here (Franklin is one of them).
- Requirements:
- Must be installed by an approved contractor (of which we’re one)
- New system must be at least 15.2 SEER2 / 7.25 HSPF2 / 3.6 COP
- Existing system must be 13 SEER / 7.7 HSPF or less
Note: Mini splits have very high efficiency ratings. They may be worth looking into if you are interested in rebates.
- Smart Thermostat
- Rebate amount: $75 per thermostat
- How to get it: Buy a smart thermostat, install it, and then submit this form along with a receipt showing proof of purchase.
- Requirements:
- Thermostat must be ENERGY STAR certified (list of all approved ones here)
- Existing thermostat must be manual or programmable
- Two per home or apartment
- Must submit receipt within 90 days of installation
Note: Want the smart thermostat rebate but don't feel comfortable installing one yourself? We offer smart thermostat installation for $129 (you provide the thermostat).
- Heat Pump Water Heater
- Rebate amount: $1,150
- How to get it: Have an approved contractor install the water heater and submit the paperwork. You can find a list of approved contractors here.
- Requirements:
- Must currently have an electric water heater
- New unit must be ENERGY STAR certified
Black Hills Energy
- Natural Gas Furnace
- Rebate amount: $400
- How to get it: Have a contractor install the furnace. Then, submit this form along with an invoice showing proof of purchase.
- Requirements:
- Must be rated 95% or higher AFUE
- Rebate offer applies only to new natural gas furnaces
- If the heating system being replaced is electric or is a heat pump, no rebate is available
- Must submit invoice within 90 days of installation
- Tankless Water Heater
- Rebate amount: $300
- How to get it: Have a contractor install the water heater. Then, submit this form along with an invoice showing proof of purchase.
- Requirements:
- Must be rated .90 UEF or higher
- One per account
- Rebate offer applies only to new natural gas water heaters
- If the water heater being replaced is electric, no rebate is available
- Smart Thermostat
- Rebate amount: $50 per thermostat
- How to get it: Buy a smart thermostat, install it, and then submit this form along with a receipt showing proof of purchase. Despite what some contractors may say, you do not need a contractor to install the thermostat.
- Requirements:
- Thermostat must be ENERGY STAR certified (list of all approved ones here)
- Two per account
- Must submit receipt within 90 days of installation
Note: Want the smart thermostat rebate but don't feel comfortable installing one yourself? We offer smart thermostat installation for $129 (you provide the thermostat).
Ozarks Electric
- Heat Pump Water Heater
- Rebate amount: $500
- How to get it: Have a contractor install the water heater (or install it yourself). Then, submit the required information on this page.
- Requirements:
- Must be ENERGY STAR rated
- Rebates are first come, first serve
- Two per account
- Must submit rebate application within 90 days of purchase
Utility rebates for services
SWEPCO
- A/C Tune-up
- Rebate amount: up to $250
- How to get it: Have an approved contractor perform the tune-up and submit the paperwork. You can find a list of approved contractors here.
- Requirements:
- System must be more than a year old
- Air Infiltration
- Rebate amount: up to $.12/cubic feet per minute reduction (single family) or up to $.20/cubic feet per minute reduction (multi-family)
- How to get it: Have an approved contractor install the air infiltration and submit the paperwork. You can find a list of approved contractors here.
- Requirements:
- <1.25 air changes/hr & >building air tightness limit
- >10% reduction at CFM50
- Duct Sealing
- Rebate amount: $1.25/cubic feet per minute reduction (single family) or $1.75/cubic feet per minute reduction (multi-family)
- How to get it: Have an approved contractor install the duct sealing and submit the paperwork. You can find a list of approved contractors here.
- Requirements:
- Existing system must allow <40% total fan flow & >80 CFM25
- New duct sealing must provide more than 10% reduction
Black Hills Energy
None at this current time
Federal HVAC Tax Credits
None at this current time
Federal Water Heater Tax Credits
None at this current time
