What is CHIPP? A new incentive program that aims to help our existing electric customers that heat primarily with oil or propane gas to convert to a more energy-efficient electric cold-climate air source heat pump system. A heat pump system not only heats your home efficiently during cold weather months, it also provides central air cooling during the heat of the summer.
Why should you participate? NPU will provide participants with a $1,200 per ton rebate (based on size of system) toward the purchase and installation of a heat pump. A heat pump can reduce your heating and cooling energy costs for years to come.
Depending on the size of system required for your house or place of business, this rebate can contribute up to 40% of the cost of a new system. You can also finance your new system through several financial institutions offering attractive rates for those who qualify.
How does the program work? Interested customers complete a short interest form online at rebrand.ly/CHIPP4NPU (mobile-friendly) or email NPU at email@example.com. To speak to Fawn Walker about this program, call 860-823-4153. Applicants will be selected on a first-come-first-serve basis until participation goals have been met, or December 31, 2020.
To receive a CHIPP rebate, please follow this simple 6-step process:
If you haven’t had an energy audit by Lantern Energy at the installation location within the last two years, schedule a free Home Energy Savings (HES) audit with Lantern Energy. Contact Lantern Energy at 1-877-878-3006 or “Schedule an Assessment” at LanternEnergy.com. Be sure to mention it’s part of CHIPP. If you are unsure if or when you had an energy audit, contact Lantern for assistance.
If you have had an energy audit in the last two years, you can skip to Step 2.
Contact one or more licensed contractors to obtain quote(s) for the installation of a NEEP–certified Cold Climate Air Source Heat Pump.
- Residential customers who require financing can contact any of the following lenders:
A) CorePlusCredit Union – Tammy Bragdon, 860–886-0576, ext. 3178
B) Eastern CT Savings Bank –Jonathan Schmid,860-889-4779
C) Energize Connecticut – Find more information about Smart-E loans at energizect.com/your-home/solutions-list/smarte or ask your contractor how to apply for a Smart-E Loan.
D) Your contractor may also have additional financing options available.
- Small business customers who require financing should contact NPU to determine financing options.
Compile your fuel use data for the last two years. If you don’t have this information, your oil or propane supplier should be able to provide it to you. You can continue onto Step 4 while you work to compile this information.
Once you decide on a contractor and heat pump system, submit Part A of the rebate application form to NPU with the installation quote attached. The quote must specify the equipment make, model, and size. NPU will review and confirm that the proposed system qualifies for the rebate. Check your e-mail for an approval notification from NPU.
- Ask the contractor to provide you with a heat loss calculation (Manual J or Manual D report). This will ensure the quoted system is sized properly for your home or business.
After you receive approval from NPU you can schedule the installation of the heat pump system with your contractor.
Following the installation, submit Part B of the rebate application to NPU with the following documentation attached:
- A dated and itemized invoice showing proof of purchase and installation. The invoice must detail the equipment type, size, make and model, serial number of the system, date of purchase and must show that it is paid in full. The equipment installed must match the quote submitted with Part A.
- Manufacturer’s specification sheets with equipment make, model, and size (from contractor).
- Two prior years of fuel use documentation
You will receive the rebate after we review and confirm that all required documents have been received. Incomplete applications will result in a delayed rebate.