Heat pump rebate · New Jersey

Madison Electric Utility Rebate Incentives - heat pumps

Limited funds Borough of Madison Electric Utility

How much you can get

$600 (Tier 1, SEER2>15.2) or $1,000 (Tier 2, SEER2>17.1); $2,000 max per customer across all rebates

Up to

$1,000

The details

Run by: Borough of Madison Electric Utility
For customers of: Madison Borough Electric Utility
Eligibility: Madison residents (not landlords/commercial) replacing gas, oil or propane heat; installations after Sept 1, 2024; no new construction. Apply before work; permits required.
Checked: Confirmed on the official page on 2026-10-10: Heat Pump Tier 1 Rebate - SEER2 > 15.2* - $600 Rebate ... Heat Pump Tier 2 Rebate - SEER2 > 17.1* - $1,000 Rebate ... customers are limited to a $2,000 maximum rebate.

We re-check this program every week. See every New Jersey rebate change.