Connecticut offers some of the most generous heat pump incentives in the country. Through Energize CT, you can receive up to $15,000 in state rebates, plus federal tax credits worth 30% of your project cost—up to $2,000 annually for air-source systems through 2025.
There’s also special 0.99% financing available on Smart-E loans used for heat pump installations through December 31, 2025. When you combine state rebates, federal credits, and low-interest financing, many Ridgefield homeowners find their heat pump installation costs are largely covered by incentives.
Beyond installation savings, the average Connecticut homeowner saves about $771 annually on energy costs after switching to a heat pump. With Connecticut’s electricity rates around $0.20 per kWh, those ongoing savings add up quickly over the system’s 25-year lifespan.