Smart Saver

Smart $aver™

What is Smart Saver?

The Smart Saver Program promotes the use of high efficiency heating and cooling systems to help lower your energy costs and make your home more comfortable. Locate a Smart Saver Dealer from our current list or ask, your current heating and air conditioning contractor to submit an application for your rebate.

Smart Saver Benefits

• Save money on energy bills for years to come when you install a high efficiency heat pump or air conditioner.
• Experience greater comfort in your home.
• Help to reduce our nation's need for energy, promote a clean environment and save valuable energy resources.
• Receive rebates for your new high efficiency heating and/ or cooling system.

Efficiency of new HVAC System installed in your Existing Home   Rebates
Heat Pumps: Ip,nst be 14 SEER or greater and include an ECM fan motor $200
Air Conditioners:' must be 14 SEER or greater and include an ECM fan motor $200
Geothermal Heat Pumps: must be 10.5 SEER or greater and include an ECM fan "motor   $200

How the Programs Works

• The Smart Saver Program is available to Duke Energy residential customers in Indiana. Other states served by Duke Energy may have similar program offerings.
• When a participating heating dealer or builder installs a new qualifying high efficiency system(s) in your home, the dealer or builder will submit an application for your rebate.
• Read the eligibility requirements and FAQs to learn more.

How Much Can You Save?

• Review our Estimated Smart Saver Savings (pdf, 83 KB) to find out how much you could save by

The Indiana Office of Energy Development (OED) is pleased to offer $250,000 in rebates for replacing an existing furnace, boiler, or water heater with an energy efficient unit in existing Indiana residences. For more information about energy-efficient HVAC technology, please visit here. For more information on tankless hot water heaters, please visit here. The rebate program begins January 20, 2009 and will run until program funding is exhausted or April 30, 2009. Please read all program documents carefully before completing your application. Many homeowners will be eligible for additional rebates/tax incentives. Please check with your utility provider, the Energy Star rebate finder,, and


Homeowners are eligible to apply for the rebate amount corresponding to the items installed. Please see the table below. Homeowners applying for the rebate are subject to the rules as outlined in this document. The Indiana Office of Energy Development reserves the right to deny the rebate if it is discovered that the project did not comply with program guidelines.

Product Requirements
Rebate Amounts
Natural Gas or Propane Furnace
95% AFUE or greater
Oil Furnace
95% AFUE or greater

Natural Gas or Propane
Residential Boiler

95% AFUE or greater
Natural Gas or Propane Storage Water Heater
Minimum .82 Energy Factor
or 90% thermal efficiency.
Natural Gas or Propane Tankless Water Heater
Must have .82 Energy Factor or greater

Furnace: A heating unit with a heat input rate of less than 225,000 Btu per hour whose function is the combustion of fossil fuel for space heating with forced hot air. Unit must include burner(s), heat exchanger(s), blower(s) and connections to heating ducts. A heating unit that meets this definition and also provides hot water for domestic or other use may be considered a furnace for purposes of this agreement.

AFUE: The Annual Fuel Utilization Efficiency (AFUE) measures the amount of fuel converted to space heat in proportion to the amount of fuel entering the furnace. This is commonly expressed as a percentage. For purposes of this agreement, the efficiency of a furnace shall be measured using AFUE.

Remember, saving energy prevents pollution.

By choosing ENERGY STAR and taking steps to optimize the performance of your heating equipment, you are helping to prevent global warming and promoting cleaner air while enhancing the comfort of your home.

You may also be interested to know:
• Though these products can be more expensive to purchase up front, the cost difference will be paid back over time through lower energy bills.
• When buying new equipment, sizing and installation are as important as product quality.
• You can get better heating and cooling performance at home with ENERGY STAR home sealing (insulation and air sealing) and duct sealing.
• Consider regular maintenance to maintain your heating and cooling system performance.


Application for Residential Appliance/Product Rebates

Download and fill out the form.


Qualifying Equipment for Tax Credits

Credits Limited to 30% of Installed Costs (up to $1,500, except for geothermal) in the tax years 2009 and 2010.

Equipment Minimum Energy Efficiency
Standard to Qualify
for Tax Credit
Electric Air Source Heat Pumps Split Heat Pumps
12.5 EER
8.5 HSPF
Package Heat
12 EER
Central Air Conditioners Split System
13 EER
Package System
12 EER
Geothermal Heat Pump*
Credit is equal to 30% of total installed
cost, no $ limit.
Closed Loop
14.1 EER
3.3 COP
Open             Direct
Loop             Expansion
16.2 EER     15 EER
3.6 COP 3.5 COP
Natural Gas Furnace 95%AFUE  
Natural Gas Hot Water Boiler 90%AFUE  
Propane Furnace 95%AFUE  
Propane Hot Water Boiler 90%AFUE  
Oil Furnace 90%AFUE  
Oil Hot Water Boiler 90%AFUE  
Gas, Oil or Propane Water Heaters .82 Energy Factor
90% Thermal Efficiency
Electric Heat Pump Hot Water Heater 2.0 Energy Factor  


Application for Residential Appliance/Product Rebates

Download and fill out the form.

our service area

We serve the following areas

Our Locations:

Indiana Home Comfort Solutions
9360 N County Road 500 E
Pittsboro, IN 46167