Indiana homeowner incentive applications are now open. Source: https://www.in.gov/oed/grants-and-funding-opportunities/homeowner-incentives/, fetched 2026-10-07. Utility rebates: Duke Energy Indiana up to $1,000 (Smart Saver), NIPSCO up to $1,000, AES Indiana up to $725. A homeowner claims their own utility's program.
Utility programs in Indiana
These are the named utility and ratepayer rebates on file for Indiana. You claim the one that serves your address, not the total. Each card carries the program’s own terms: what equipment qualifies, who is eligible, what the cap actually is, and whether it stacks.
AES Indiana
aesindiana.com
$725
maximum
You claim it after installTiered by efficiency
Home Improvement Rebates: heat pump up to $725, tiered $300-$700, via Quality Contractor Network, through 12/31/2026.
Equipment that qualifies
Qualifying heat pump; tiered $300-$700 by efficiency, up to $725.
Who qualifies, and the cap
AES Indiana residential customers; Quality Contractor Network installer; program runs through 12/31/2026.
Stacking
Home Improvement Rebates; confirm additional measure rebates.
Duke Energy Indiana
duke-energy.com
$1,000
maximum
You claim it after installTiered by efficiency
Smart Saver: $500 replacing an existing heat pump; $600 replacing strip heat; $1,000 higher-efficiency option. Home Energy Check required.
Equipment that qualifies
Smart Saver: high-efficiency air-source heat pump; strip-heat replacement pays the top tier.
Who qualifies, and the cap
Duke Energy Indiana residential customers; a Home Energy Check is required.
Stacking
Tiered: $500 replacing an existing heat pump, $600 replacing strip heat, $1,000 higher-efficiency option (alternatives, not additive).
NIPSCO
nipsco.com
$1,000
maximum
You claim it after installTiered by efficiency
NIPSCO (Northern Indiana Public Service Company): tiered air-source heat pump rebate - $800 for 15.2-16.1 SEER2, $900 for 16.2-17.0 SEER2, $1,000 for 17.1+ SEER2. Application + invoice postmarked within 60 days of install; first-come. Downstream.
Equipment that qualifies
Air-source heat pump tiered $800/$900/$1,000 by SEER2 (15.2 to 17.1+).
Who qualifies, and the cap
NIPSCO residential electric customers; installed 2026.
Stacking
Tiers are alternatives by efficiency, not additive.
Rebate amounts are estimates and subject to change.
Eligibility varies by income, equipment efficiency, utility territory, and program funding availability.
The federal HEAR rebate was renamed High-Efficiency Electric Home Rebates on May 29, 2026, and its rules were changed (https://www.energy.gov/documents/program-notice-26-2, fetched 2026-10-14). States run it, and many have not opened. Check your state energy office for current rebates.
After-install rebates are claimed by the homeowner after installation and are not guaranteed at the point of sale.