For Your Home: Heating & Air Conditioning

Idaho Falls Power provides rebates and zero-interest loans to residential customers who convert their existing electric forced air furnace to an air-source heat pump.

Idaho Falls Power Air-Source Heat Pump Incentives

Loan Offerings

Qualifying customers may receive a zero-interest loan, up to $7,500, in-lieu of a rebate for this measure. Loans will only be provided to customers who have 12 months of utility payment history with the City of Idaho Fall and have no late payments with the City in the last 12 months. For more information about the loan program, please call Idaho Falls Power.

Requirements

Please call Idaho Falls Power for specific measure and installation requirements. Contractors must complete the PTCS form and return it to Idaho Falls Power

Idaho Falls Power provides rebates and zero-interest loans to residential customers who convert their existing electric forced air furnace to a ground source heat pump.

Idaho Falls Power ground Source Heat Pump Incentives

Loan Offerings

Qualifying customers may receive a zero-interest loan, up to $7,500, in-lieu of a rebate for this measure. Loans will only be provided to customers who have 12 months of utility payment history with the City of Idaho Fall and have no late payments with the City in the last 12 months. For more information about the loan program, please call Idaho Falls.

Requirements

Please call Idaho Falls Power for specific equipment and installation requirements

Idaho Falls Power provides rebates and zero-interest loans to residential customers who install a ductless heat pump in their home. We typically recommend this measure to homes with existing zonal heat.

Idaho Falls Power Ductless Heat Pump Incentives

Loan Offerings

Qualifying customers may receive a zero-interest loan, up to $5,000, in-lieu of a rebate for this measure. Loans will only be provided to customers who have 12 months of utility payment history with the City of Idaho Fall and have no late payments with the City in the last 12 months. For more information about the loan program, please call Idaho Falls Power.

Requirements

Please call Idaho Falls Power for specific program requirements. Contractors must fill out the Ductless Heat Pump Application and return it to Idaho Falls Power

Loan Qualifications

Loans are available to customers who have solid credit history with City Utilities (i.e. no outstanding current balance, no disconnects for nonpayment, no delinquencies).

Loans can only be issued to customers with a minimum of one year payment history with City Utilities.

Renters and property management firms must have building owner's signed permission to participate in our loan offerings.

Loan Terms

Zero interest; Up to 60 months financing available; $25 administration charge; $500 minimum loan amount; $7,500 maximum loan amount.

If applicant moves, home ownership changes, or nonpayment occurs for three months then any remaining balance will be immediately due and payable with interest to accrue on such defaulted unpaid principal balance at the rate of 12% per annum. Should the account become delinquent, the account will be subject to disconnection of electric service.

Procedures

In order to qualify for a loan, the customer must:

1. Submit a bid for equipment and installation to the Energy Services Department at Idaho Falls Power before installation of any equipment in your home
2. Come into Idaho Falls Power and sign necessary forms

A Notice to Proceed will then be issued by Energy Services Department to your contractor.

The contractor shall notify the Energy Services Department when work is completed and submit an invoice to Idaho Falls Power

A post-installation verification inspection will be conducted by a IFP inspector.

Idaho Falls Power will make a payment to the contractor for the allowable amount. It is the customer's responsibility to pay contractor costs in excess of the program loan amount.

The loan amount will be added to the customer's utility bill and will be payable in equal monthly installments in addition to regular utility charges.

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