TAX CREDITS, INCENTIVES & SAVINGS



PSEG - COOL Advantage Rebates


Valid: 07-01-2017 to 06-30-2018

Amount: $300.00 to $500.00

Description:

 

The COOLAdvantage Program provides rebates for qualifying high efficiency central air conditioners, ductless mini-split AC units and heat pumps. To be eligible, you must purchase, install, and operate a system that meets all applicable efficiency requirements. Call 866-NJSMARTor see below for detailed information.

Central Air Conditioner**
Minimum
Efficiency Levels*
Rebate for units purchased July 1, 2017 through June 30, 2018
 SEER 18, EER 13 (i.e. combined compressor, coil, and air handler if applicable)
$500
SEER 16, EER 13 
(i.e. combined compressor, coil, and air handler if applicable)
$300

 

 

Mini-Split Air Conditioner**
Minimum
Efficiency Levels*
Rebate for units purchased July 1, 2017 through 
June 30, 2018
SEER 20, EER 12.5 sytem efficiency (i.e. combined outdoor and indoor units)

$500

Central Air-Source Heat Pumps**
Minimum
Efficiency Levels*
Rebate for units purchased July 1, 2017 through June 30, 2018
SEER 18, EER 13 & HSPF 10 system efficiency (i.e. combined compressor, coil, and air handler) $500
SEER 16, EER 13 & HSPF 10 system efficiency (i.e. combined compressor, coil, and air handler) $300

 

Mini-Split Heat Pump**
Minimum
Efficiency Levels*
Rebate for units purchased July 1, 2017 through June 30, 2018
SEER 20, EER 12.5 & HSPF 10 system efficiency (i.e. combined outdoor and indoor units) $500

 

Cold Climate Mini-Split Heat Pump***
Minimum
Efficiency Levels
Rebate for units purchased July 1, 2017 through June 30, 2018
Must be listed on NEEP approved equipment listing***
$500
Bonus incentive per indoor unit. If converting from an electric resistance heat and the house does not have natural gas service $200/indoor unit (maximum 5 indoor unit rebates, max 1 system rebate per home)

 

 

Geothermal Heat Pump
Minimum
Efficiency Level
Rebate for units purchased through July 31, 2017
Must be ENERGY STAR qualified (qualified product lists may be found at energystar.gov $500
The geothermal heat pump rebate will end on July 31, 2017

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