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[2024] Northwest Arkansas HVAC & Energy Rebates: A Complete List

Last updated: Jan. 22, 2024, 10:50 a.m.

2024 is here — and with it comes more free money from the utilities & government

If you live in Northwest Arkansas, have SWEPCO or Black Hills Energy, 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 or Black Hills Energy, 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 rebate summary: If you're in Northwest Arkansas, SWEPCO will pay you up to $3,000 to install a qualifying heat pump (and up to $1,000 for a regular AC) 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 2024.

Note: Many of these 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 SEER1 or less
  • Energy Efficient A/C Unit
    • Rebate amount: up to $1,000 (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
      • Existing system must be 13 SEER1 or less
  • 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. 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 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 $99 (you provide the thermostat).

  • ENERGY STAR Windows
    • Rebate amount: $30/window, $40/half-lite door, $80/sliding glass door
    • How to get it: Have an approved contractor install the windows and submit the paperwork. You can find a list of approved contractors here.
    • Requirements:
      • Must be installed by an approved contractor
      • Existing windows must be non low-E window clear glass
      • Must install ENERGY STAR window for climate zone
  • Heat Pump Water Heater
    • Rebate amount: $500
    • 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 be installed by an approved contractor
      • Must currently have electrically heated water
      • 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 furnace 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 $99 (you provide the thermostat).

Utility rebates for services

SWEPCO

  • A/C Tune-up
    • Rebate amount: up to $200
    • 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:
      • Must be performed by an approved contractor
      • 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:
      • Must be installed by an approved contractor
      • <1.25 air changes/hr & >building air tightness limit
      • >10% reduction at CFM50
  • Attic Knee Wall Insulation
    • Rebate amount: $0.15/sq. ft. of knee wall insulated
    • How to get it: Have an approved contractor install the attic knee wall insulation and submit the paperwork. You can find a list of approved contractors here.
    • Requirements:
      • Must be installed by an approved contractor
      • Must have none installed currently
      • Must use at least R-19
  • Ceiling Insulation
    • Rebate amount: up to $0.25/sq. ft.
    • How to get it: Have an approved contractor install the ceiling insulation and submit the paperwork. You can find a list of approved contractors here.
    • Requirements:
      • Must be installed by an approved contractor
      • Must have no insulation currently or current insulation must have a Base R-value <22
      • Must use at least R-38
  • Duct Insulation
    • Rebate amount: $0.50/linear ft. of insulated duct
    • How to get it: Have an approved contractor install the duct insulation and submit the paperwork. You can find a list of approved contractors here.
    • Requirements:
      • Must be installed by an approved contractor
      • Must currently have either “failed” or none installed for metal ducts only
      • Must use at least R-5.6
  • 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:
      • Must be installed by an approved contractor
      • Existing system must allow <40% total fan flow & >80 CFM25
      • New duct sealing must provide more than 10% reduction
  • Wall Insulation
    • Rebate amount: $0.15/sq. ft.
    • How to get it: Have an approved contractor install the wall insulation and submit the paperwork. You can find a list of approved contractors here.
    • Requirements:
      • Must be installed by an approved contractor
      • Can’t have existing wall insulation
      • Must install at least R-13

Black Hills Energy

None at the current time

Federal HVAC Tax Credits

Some big changes have arrived in regards to federal tax credits. We've summarized them below. If you want to hear it straight from the government, this is a good place to start.

  • High Efficiency Heat Pumps
    • Credit amount: Up to $2,000 annually (30% of project cost)
    • How to get it: Install a qualifying heat pump
    • Requirements:
      • Must install a heat pump of 15.2 SEER2 / 7.8 HSPF2 / 11.7 EER2 (list here)
      • Must install between January 1, 2023 and December 31, 2032
  • High Efficiency Air Conditioners
    • Credit amount: Up to $600 annually (30% of project total cost)
    • How to get it: Install a qualifying air conditioner
    • Requirements:
      • Must install an air conditioner of 15.2 SEER2 / 12 EER2 efficiency or greater
      • Must install between January 1, 2023 and December 31, 2032
  • High Efficiency Furnaces
    • Credit amount: Up to $600 annually (30% of project total cost)
    • How to get it: Install a qualifying furnace
    • Requirements:
      • Must install a furnace of at least 97% efficiency
      • Must install between January 1, 2023 and December 31, 2032

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