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Save up to $2,080/year vs oil & propane heating. Efficiency Maine rebate up to $3,000 + $500 Madison Electric Works rebate.
Estimated Savings
$2,080/yr
vs oil & propane
$3,000
Efficiency Maine
$500
Madison Electric Works
~7 yrs
estimated
Madison, Maine homeowners switching from oil & propane to a heat pump can save approximately $2,080 per year on heating costs. The local utility, Madison Electric Works, charges $0.15/kWh for residential electricity. A heat pump replaces both your furnace and air conditioner, providing year-round heating and cooling at a fraction of the cost.
Cold to very cold winters with design temps of -5°F to -15°F. Cold-climate heat pumps essential. Cold-climate heat pumps (ccASHP) are essential for Madison — standard models lose significant capacity below 20°F. We recommend Mitsubishi Hyper-Heat and Fujitsu Halcyon XLTH for this area.
The Efficiency Maine rebate covers up to $3,000 of installation costs. Madison Electric Works adds another $500 utility rebate on top. Income-qualified households may also receive HEAR rebates of up to $8,000. The federal 25C heat pump tax credit expired at the end of 2025, making these state and utility incentives more important than ever.
NuWatt Energy installs heat pumps directly in Madison — no subcontractors. We handle the full process: sizing assessment, equipment selection, installation, and all Efficiency Maine rebate applications. Pair with solar to reduce your heat pump operating costs to near zero.
Expired December 31, 2025. Previously 30% up to $2,000.
Efficiency Maine heat pump rebate up to $3,000 (up to $9,000 for income-eligible households).
Heat pump rebate from your local utility, Madison Electric Works. Can be stacked with Efficiency Maine.
Up to $8,000 (low-income) or $4,000 (moderate-income). Stackable with other rebates.
municipal · $0.15/kWh
Heat Pump Rebate
$500
Additional Programs
Cold to very cold winters with design temps of -5°F to -15°F. Cold-climate heat pumps essential.
Cold-climate heat pumps (ccASHP) are required for Madison. Standard models lose significant capacity below 20°F.
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