Heat Pump
Why you should upgrade your home with a central heat pump
Money & energy savings: Using a heat pump is an energy-efficient way to both heat and cool your home. Compared to electric resistance heating, such as a furnace or baseboard heaters, a heat pump can reduce your electricity use for heating by 25-50%. That can add up to big savings on your utility bill.
Consistent temps & better air quality: During colder months, a heat pump supplies even and consistent heat while using less electricity than other electric heating options. In the warmer months, the system keeps your home cool and comfortable while also dehumidifying the air. Plus, its built-in air filter helps improve indoor air quality.
Quick install & easy to use: A heat pump uses an outdoor compressor that is connected to a furnace that pushes air through ducts in your home and out of the vents in your rooms. The temperature is controlled by a single thermostat.
Incentives we offer for heat pumps
We offer three incentives to help you pay for a central heat pump for your home or multi-family property (up to four units). Choose one of these:
- 0% interest loan details
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You can get a 0% interest loan to cover the costs of purchasing and installing a central heat pump. The average monthly loan payment is about $83 for every $10,000 borrowed.
We’ll also give you a $1,000 to $2,000 contractor discount by deducting a chunk of the project cost from your loan. The discount amount is determined by the equipment you select.
Requirements for a 0% interest loan:
- The primary heat source for your home is electric.
- Your application and project must be pre-approved by Tacoma Power.
- The home where the heat pump is installed is served by Tacoma Power.
- The loan applicant owns the home and land.
- The loan applicant has a good TPU payment and credit history.
- You must use a Tacoma Power Participating Contractor.
Use a Participating Contractor
A Tacoma Power Participating Contractor must install the heat pump. They are well-trained on all aspects of our program, and will ensure you meet these technical requirements necessary to qualify for the loan:
- The project must meet local building, electrical, and mechanical codes.
- Installation must follow the manufacturer’s specifications and be completed by a technician who is trained and certified on the brand and model of equipment installed.
- More than 90% of the home must be heated by the new heat pump.
- Only high-efficiency heat pumps may be used, which requires the product to be certified by the Air Conditioning, Heating, and Refrigeration Institute (AHRI) with a minimum of 9.0 HSPF and 14 SEER rating.
See the full list of equipment and installation requirements your contractor is required to follow by clicking here.
Not eligible for a 0% interest loan:
- Multi-family properties with 5 or more units
- New construction properties
- Do-it-yourself installations
- Properties that have previously received an incentive from Tacoma Power for a ductless heat pump
Required documents for a 0% interest loan
These are the required documents you’ll need to work with your contractor to complete and submit to Tacoma Power before getting started:
- An application for your project and selected incentive
- A bid created by your contractor
- A copy of your statutory warranty deed for proof of ownership
After your project is complete, your contractor will need to submit the following to Tacoma Power:
- An invoice from your contractor that meets these requirements
- Heat pump sizing and balance point calculations
- AHRI certificate
- Contractor discount details
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If you’re paying out-of-pocket for your new heat pump, you’re eligible for a contractor discount. We’ll cover a portion of the bill from your Tacoma Power Participating Contractor. You can get $1,000 to $2,000 off for a central heat pump.
If you install a non-variable speed heat pump, you’ll receive a $1,000 discount, and if you install a variable speed heat pump, you’ll receive a $2,000 discount.
Requirements for a contractor discount:
- The home where the heat pump is installed is served by Tacoma Power.
- You must use a Tacoma Power Participating Contractor.
Use a Participating Contractor
A Tacoma Power Participating Contractor must install the heat pump. They are well-trained on all aspects of our program, and will ensure you meet these technical requirements necessary to qualify for contractor discount:
- The project must meet local building, electrical, and mechanical codes.
- Installation must follow the manufacturer’s specifications and be completed by a technician who is trained and certified on the brand and model of equipment installed.
- More than 90% of the home must be heated by the new heat pump.
- Only high-efficiency heat pumps may be used, which requires the product to be certified by the Air Conditioning, Heating, and Refrigeration Institute (AHRI) with a minimum of 9.0 HSPF and 14 SEER rating.
See the full list of equipment and installation requirements your contractor is required to follow by clicking here.
Not eligible for a contractor discount:
- Multi-family properties with 5 or more units
- New construction properties
- Do-it-yourself installations
- Properties that have previously received an incentive from Tacoma Power for a ductless heat pump
Required documents for a contractor discount
- Heat pump sizing and balance point calculations
- AHRI certificate
How to get started
Pick a Tacoma Power Participating Contractor (or a few) to give you some bids for your new heating & cooling system.
Not only will Participating Contractors tell you the project cost, they will advise you on the best system for your home and needs — either a central heat pump or a ductless heat pump.
Once you’ve selected your Participating Contractor and heating & cooling system, you can work together to fill out your project application.
It’s here where you’ll indicate what incentive you want to use — a 0% interest loan or a contractor discount.
If you’d like a loan for your project, submit your application to Tacoma Power for pre-approval of your project. If you’d like a contractor discount, no pre-approval is needed.
Your Participating Contractor will get to work upgrading your home.
Enjoy the comfort and lower utility bill your new heating & cooling system provides.
Some restrictions might apply. Program requirements and incentive amounts are subject to change without notice. Check with Tacoma Power for current information. Energy and heating savings are estimates only. Actual savings may vary. Tacoma Power does not make any representations, promises or warranties with respect to actual cost savings from any of the products. Tacoma Power does not endorse any particular contractor, manufacturer or product.