Are you considering upgrading your HVAC system? If you’re a homeowner in North Carolina, now is the perfect time to take advantage of Duke Energy’s Smart $aver® Early Replacement Rebates. Effective February 1, 2024, the Duke Energy rebates you’ve used in 2023 have been updated, offering substantial savings when you upgrade to high-efficiency heating and cooling equipment.
First, it is beneficial to note the difference between a Critical Component Failure (CCF) rebate and an Early Replacement rebate.
A CCF Rebate applies when your system is no longer functional. This could be due to any one of the following: failed compressor, cracked heat exchanger or excessive refrigerant leak.
An Early Replacement rebate applies when your system is still running, but you’re upgrading to gain the benefits of a new and more efficient system. These rebates are going to be higher than what’s offered for CCF. An Early Replacement rebate requires a signed form by the homeowner that contains the information of the old system.
One key update to the rebate program this year is that BOTH CCF & Early Replacement rebates require duct sealing.
Let’s break down the rebates as they apply to different types of systems and see how you can benefit from these valuable incentives.
Central Air Conditioning Rebates
Upgrade your central air conditioning system with required duct sealing and enjoy significant rebates based on the system’s efficiency. From 16 SEER to 18 SEER or higher, you can receive rebates ranging from $300 to $500, helping you offset the cost of your investment while enjoying improved energy efficiency and comfort in your home.
Air-Source Heat Pump Rebates
For those considering air-source heat pumps, Duke Energy’s rebates offer even greater savings. Whether you opt for a split or packaged system with required duct sealing, rebates range from $600 to $800, depending on the system’s SEER (Seasonal Energy Efficiency Ratio) and HSPF (Heating Seasonal Performance Factor) ratings. With higher efficiency models, you not only save on your upfront costs but also benefit from lower energy bills and enhanced comfort year-round.
Geothermal Heat Pump and Variable Speed Heat Pump Rebates
If you’re interested in geothermal heat pumps or variable speed heat pumps, Duke Energy has you covered. Rebates of $800 are available for geothermal heat pumps with specified EER (Energy Efficiency Ratio) ratings and variable speed heat pumps meeting certain SEER and HSPF requirements. These advanced systems offer unparalleled efficiency and comfort, making them a wise investment for any homeowner.
Additional Rebates for Smart Thermostats
Don’t forget about smart thermostats! When you purchase a qualified smart thermostat along with your HVAC equipment through a participating contractor, you can receive an additional $50 rebate. Smart thermostats offer convenient features such as remote access and intelligent scheduling, helping you optimize your home’s energy usage and further reduce your utility bills.
How to Take Advantage of These Rebates
To benefit from these generous rebates, simply ensure that your new HVAC equipment meets the specified efficiency requirements and that it’s installed by a participating contractor. Be sure to submit your rebate application along with the required documentation to Duke Energy to claim your savings.
Upgrade your HVAC system today and start enjoying improved comfort, energy savings, and valuable rebates with Duke Energy’s Smart $aver® Early Replacement Rebates in North Carolina.
For more information and to view the complete list of eligible equipment and rebate amounts, visit the Duke Energy website. Also, see the chart below for a more detailed breakdown:
Don’t miss out on this opportunity to save! Upgrade your HVAC system and start reaping the benefits today.
