Skip to Main Content
ajax loader animation
ajax loader animation

New Jersey Heat Pump Savings Guide

    Save on costs for heat pump installation with rebates, incentives, and 0% interest financing.

    An image of an external heat pump against a leafy wall shows a heat pump already installed in a New Jersey residential property.

    About

    We are offering rebates, incentives, and 0% interest financing to help eligible New Jersey residents reduce the cost of installing qualifying heat pumps.

    Ways to Save

    Rebates and incentives can help at different stages of your clean heating and cooling project.
    An illustration of a clipboard and a dollar symbol is used to depict rebates applied after the project is complete.

    Rebates

    Refund received after your project has been completed.
    An illustration of an invoice with a dollar symbol on a downward arrow representing an incentive applied to project costs.

    Incentives

    Credit applied directly to your contractor’s invoice to reduce the upfront cost of your project. A Participating Contractor  approved by the Rockland Electric Clean Heat Program can help you identify eligible rebates and incentives, complete program applications, and install qualifying equipment.

    Additional Incentives

    In addition to base incentives, eligible New Jersey customers may qualify for additional “add-on” incentives. These are available to low-to-moderate income households, projects that include Whole Home Energy Solutions, and homes completing multiple emissions reduction projects. Contact a Participating Contractor for details.

    Interest Free Financing Options

    Rockland Electric customers can also take advantage of 0.00% APR fixed monthly payment financing options for their clean heat project. With loan amounts ranging from $2,500 to $25,000, customers can receive 100% financing (net any rebate) and an instant credit decision through a simple, paperless process.

    Financing options are provided by the National Energy Improvement Fund (NEIF), Rockland Electric's third-party financing partner. NEIF offers a guaranteed fixed rate and payment for the life of the loan with no lien on the home and no hidden costs. Customers can pay off the loan at any time without penalty. Qualifying technologies have terms of 36, 60, and 84 months. A 120-month term loan is available for low- to moderate-income households.

    Get Started

    An illustration of a computer screen showing different heat pump options.

    Step 1: Choose Your Heat Pump Type

    Start by identifying the heat pump that best fits your needs or by consulting a participating contractor.
    An illustration of a laptop screen showing a participating contractor search with a mouse click hovering over a checkmark.

    Step 2: Find a Participating Contractor

    A Participating Contractor in the Rockland Electric Clean Heat Program is required to install qualifying equipment and determine your eligibility for available heat pump incentives.
    Piggy bank with a dollar symbol on a coin representing the savings you can make through rebates and incentives.

    Step 3: Start Saving

    The contractor helps you save money through a rebate or incentive based on your project.

    Available Heat Pump Types

    Explore the different types of heat pumps eligible for incentives and rebates to help lower project costs.

    An image of a heat pump technician installing a ducted air-source heating and cooling system.

    Central (Air-Source, Ducted)

    Best for buildings with existing ductwork or plans to install it. It efficiently heats and cools spaces through the duct system.

    Learn MoreLearn More
    An image of a person using a remote control to operate a ductless mini-split heat pump.

    Ductless Mini-Split

    Ideal for apartments, small offices, and rooms without ducts. Indoor units can be mounted on a wall or ceiling.

    Learn MoreLearn More
    An image of a geothermal heat pump system piping being installed underground.

    Geothermal

    Uses steady underground temperatures to efficiently heat and cool an entire home or business.

    Learn MoreLearn More
    An image of a heat pump water heater installed in a utility room.

    Water Heating Solutions

    Pulls heat from the surrounding air to warm water, using less energy than many traditional water heaters.

    Learn MoreLearn More
    An image of exposed ductwork and vents for a Variable Refrigerant Flow (VRF) system in a commercial building.

    VRF

    Ideal for multifamily and large commercial buildings. It heats and cools multiple areas while allowing individual temperature control.

    Learn MoreLearn More

    Find a Contractor

    Connect with experienced professionals ready to assist with your heating and cooling project.
    Get Started

    No Cost Home Energy Assessment

    Get a no cost energy assessment to find ways to better manage your energy use.

    Get Started

    Save with Clean Heating and Cooling Technology

    Discover everything you need to know about heat pumps, including the benefits and the best option for your home.

    Learn More