Ductless heat pumps
$800 or $1,800$800 for eligible owner-occupied single-family homes; $1,800 for qualifying rentals, plexes, townhomes, and Savings Within Reach projects.
HELP WITH UPGRADE COSTS
Explore your savings.
Incentives can reduce the cost of a qualifying furnace or heat pump upgrade. We review your home, utility, equipment and eligibility before confirming your savings.
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HOMEOWNERS & LANDLORDS
Energy Trust of Oregon
Offers vary by utility, existing heating, equipment, and property type. Income-qualified households may qualify for Savings Within Reach.
Ducted heat pumps
Up to $3,000Published offers range from $1,000 to $3,000. The higher offer applies to qualifying electric-furnace replacements through eligible programs.
Extended-capacity heat pumps
$1,000 or $2,000Amount depends on the program and qualifying equipment. This is a separate offer category, not an automatic additional discount.
High-efficiency gas furnaces
Up to $1,600For qualifying rental, attached-home, and Savings Within Reach projects. Not every Oregon homeowner or furnace replacement qualifies.
Official Energy Trust information
Residential offers and eligibility2026 incentive summary — page 12 (PDF)HEAT PUMP PURCHASE PROGRAM
Oregon HP3
Up to $2,000 per eligible residence
For qualifying heat pumps in Oregon residences, including rentals and new residential construction. Tranquility is an HP3 approved contractor.
Check funding before installation
Existing owner-occupied funding is fully reserved. Rental and new-construction funding remains subject to availability; check ODOE’s current funding table.
- One incentive per residence; qualifying ducted and ductless heat pumps are eligible.
- Equipment must meet program efficiency requirements.
- Commercial, vacation, and transient occupancies are excluded.
- Combining incentives depends on program rules and project cost.
We review eligibility and seek written confirmation before applying an incentive to your project. ODOE permits optional reservations; final approval depends on the application and available funding.
Official HP3 information
ODOE eligibility, funding, policies, and FAQsPAYMENT OPTIONS
Plan the project.
Explore financing.
Financing through Wisetack is available for qualifying projects. Subject to approval; terms apply.
Incentives are savings, not installation prices. Amounts depend on eligibility, approval and available funding. Offers cannot automatically be combined. A no-cost installation is not guaranteed.
Check my incentive options →