Financing and Savings

We are committed to healthier homes and happier communities – all while providing unbeatable products, services, and prices. By partnering with local programs and our manufacturers, our team will help you find the right product and services for your home at a price that can’t be beat. We’ll handle the paperwork and instantly apply your savings. 

Be sure to check this page often, as we will consistently update it with the latest rebate programs and financing opportunities available. Start enjoying energy-efficient comfort without breaking the bank!   

Financing and Savings

rebate icon

Rebate Programs 

Upgrade your comfort and save money at the same time! Take advantage of our available rebate programs when you install a ductless heat pump.  

finance options icon_1

Financing Options 

Our flexible financing options make installing a ductless heat pump affordable and convenient. Start enjoying energy-efficient comfort without breaking the bank. 

Savings and Rebates Programs

As a part of our commitment to saving the planet one ductless heat pump at a time, we want to make it easier than ever for you to make the switch to go ductless. From tax credits to manufacturer rebates, energy credits, and local programs, our team will be sure to help you take advantage of the opportunities you may qualify for. You can count on us to take care of the details and paperwork while you enjoy the benefits! 

Be sure to check out Puget Sound Energy Rebates, Manufacturer Incentives and Tax Credits below.  These could add up to a total savings of $6,350 off the cost of your install!

Tax Credits from the Inflation Reduction Act of 2022

Homeowner tax credits  

If you plan to replace your furnace or air conditioner with a ductless system, you may enjoy a tax credit of 30% off the system installation cost, for up to $2,000 including the cost for electrical system upgrades needed to make your home heat pump ready. Additionally, state programs offer income-qualifying households rebates for heat pump purchases (up to $8,000) and up to $4,000 for needed electrical upgrades. 

Homebuilder incentives 

The Inflation Reduction Act also rewards builders of new ENERGY STAR NextGen certified homes or apartments acquired on or after January 1, 2023, Per Section 45L Tax Credit for home builders, ENERGY STAR-certified single-family, and manufactured residences will receive a tax credit of $2,500, while multifamily homes will receive a tax credit of $500 or more. 

The popularity of ductless heating and cooling systems continues to skyrocket as national attention highlights their energy efficiency and reduced impact on the environment.  On August 16, 2022, a landmark Inflation Reduction Act of 2022 was signed into law, marking America’s largest investment in climate and energy throughout history.  

This act includes funds to invest in green power, reduce emissions, increase environmental justice, and offer incentives like tax credits for builders and homeowners who utilize renewable energy. “Renewable energy” includes your ductless heat pump, of course! 

Puget Sound Energy Rebates

As part of Puget Sound Energy’s commitment to lowering energy use, PSE is offering several rebates when you install an energy-efficient ductless heat pump in your home with Island Ductless Heat Pumps, we'll ensure you take advantage of all qualifying Savings of up to $3000 from PSE!

Valid dates: Purchase any time starting on Jan 1, 2025. 

Details include:  Must replace forced air or electric reisistance heating system. At least one unit must be installed in the main living area.  Some additional PSE rebates are income based. Must be installed by IDHP, a PSE Recommended Energy Professional. 

Island Ductless Heat Pumps will remove the amount your home qualifies for from your invoice and handle all of the paperwork to ensure receiving your rebate is instant and hassle-free! PSE Rebates stack up with other incentives and we'll do the work to find all that you qualify for.

Manufacturer Incentives

Spring 2025 Mitsubishi Rebate Incentives Announced - Up To $1,350 Off!

Mitsubishi just announced they are offering incredible incentives now through May 25 of up to $1,350 for multiple room systems

As an Elite Diamond Contractor for Mitsubishi, we can provide any manufacturer incentives your install qualifies for.  Our team will include all incentives and other savings in your project estimate. 

Community Energy Challenge

The Community Energy Challenge makes achieving energy efficiency as easy as possible from start to finish. Rebates are available for up to $2,000 for qualifying households. 

Financing Options

Decrease utility bills and boost your home’s resale value by switching to ductless. We also have several financing options available.

green energy

Green Energy Loan

Our most popular plan, the Green Energy loan, offers interest rates starting at 4.5%, depending on your credit. With up to 180 months to pay and a $50 minimum monthly payment, it is a great option for many homeowners. 

18 months same as cash

18 Months Same as Cash

It’s as simple as it sounds – equal monthly payments for 18 months. This option requires a $29 setup fee. Note: A 26.99% interest rate is applied if you don’t pay off on schedule.

Kicking Gas Program

We are thrilled to partner with Kicking Gas, which offers South Whidbey residents the opportunity to convert their homes to efficient, cost-effective ductless heat pumps and save 20% to 50% off the total project cost!

About the Program

Kicking Gas is a local campaign led by the non-profit “For the People” with a mission to convert 100 homes on South Whidbey, Washington, to ductless heat pumps to help decarbonize Whidbey Island and strengthen our community in the face of the energy and climate challenges today and in the future. Local residents are highly encouraged to apply for and benefit from the cost savings.

Eligibility Requirements

  • A resident of South Whidbey Island, Washington (Greenbank and South)
  • Currently heating your home with propane, oil, or wood
  • Converting the heating system in the main area of the house