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Save up to $2,080/year vs oil & propane heating. Efficiency Maine rebate up to $3,000 + $3,000 Versant Power rebate.
Estimated Savings
$2,080/yr
vs oil & propane
$3,000
Efficiency Maine
$3,000
Versant Power
~7 yrs
estimated
Millinocket, Maine homeowners switching from oil & propane to a heat pump can save approximately $2,080 per year on heating costs. The local utility, Versant Power, charges $0.32/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 Millinocket — 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. Versant Power adds another $3,000 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 Millinocket — 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, Versant Power. Can be stacked with Efficiency Maine.
Up to $8,000 (low-income) or $4,000 (moderate-income). Stackable with other rebates.
investor_owned · $0.32/kWh
Heat Pump Rebate
$3,000
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 Millinocket. Standard models lose significant capacity below 20°F.
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