Heat Pump Rebate

Beginning Jan. 1, 2013, Members who replace existing HVAC equipment (in electric-only, single-family homes) are eligible to receive a $150 rebate for a 15 SEER (with an HSPF of 8.0 or more) High Efficiency Heat Pump and a $300 rebate for a 16 SEER (or higher—with an HSPF of 9.0 or more) High Efficiency Heat Pump.

Electric heat pumps operate by transferring heat from one place to another. In the heating mode, a heat pump extracts heat from outside a residence and delivers it to the house. Like a furnace, most heat pumps work with forced warm-air delivery systems. Heat pumps can also be operated to cool a house during summer months. In the cooling mode, the cycle is reversed and heat is taken from the house and transferred to the outside air. Because heat pumps rely on the outside air as the heat source in the wintertime, they are much more common in warmer climates.

“I have my own company that does energy auditing, Harvest Moon Energy, and I’m constantly looking to save energy in my own home. When I calculated how much a heat pump costs and how much we would save, I realized the payback was short-term. This winter, we saved over 1,700 kilowatt hours of energy—which is almost $100 a month off our electric bill.”

—Gary Mertz, Flower Mound

Heat pumps are rated for both heating and cooling—both in terms of capacity and efficiency. Heating efficiency is indicated by the heating season performance factor (“HSPF”). Cooling efficiency is indicated by the seasonal energy efficiency rating (“SEER”). Both indicate the relative amount of energy needed to provide a specific heating or cooling output. New residential heat pump standards went into effect in January 2006. Heat pumps manufactured after January 2006 must achieve a HSPF of 7.7 and a SEER of 13 or higher.

The rebates for this program apply for replacement of existing HVAC equipment at any single-family home and new home construction. The Member must obtain a receipt with the Air-Conditioning Heating and Refrigeration Institute (ARI) designation of the qualifying installation from the Member’s contractor to present to for verification purposes. This rebate is not applicable for homes that use natural gas for heating.

To apply for a CoServ Rebate, please complete the application and submit all required documentation to energyaudits@coserv.com or mail to:

CoServ Electric
ATTN: Energy Management
7701 S Stemmons
Corinth, TX 76210-1842

If you have questions about the Rebate Program, you can e-mail us or call us at (940) 270-6860.

Rebates are available only for qualifying purchases and/or services. The availability of the Rebate Program is limited and rebates will be processed on a first-come, first-served basis. When funds have been depleted, the Rebate Program will no longer be available until the next year pending board approval. Members must submit the appropriate application form and required documentation to be eligible for rebates. CoServ Electric reserves the right to inspect the Member’s property and equipment associated with a rebate request to determine eligibility. CoServ Electric is not a party to any agreement between the Member and any service provider hired by the Member to install equipment (i.e., heat pumps or solar panels) or to perform services (i.e., HVAC tune-ups) in order to qualify for a rebate. The Member and such service provider are solely responsible for satisfying rebate eligibility requirements.