Heat Pump Water Heater Rebates in Indiana (2026)
Find all heat pump water heater rebates and incentives available in Indiana for 2026, including federal HOMES and HEAR programs, state incentives, and utility-specific rebates.
HEAR Heat Pump Water Heater Rebate in Indiana
Indiana has not yet launched its HEAR program for heat pump water heater rebates. Check back for updates as the state finalizes its plan.
HOMES Rebate for Heat Pump Water Heater in Indiana
Indiana's HOMES program is not yet available. When it launches, a heat pump water heater installed as part of a whole-home retrofit could qualify for rebates up to $8,000.
Indiana State Programs for Heat Pump Water Heater
Duke Energy Indiana Smart Saver Program
Duke Energy Indiana's energy efficiency rebate program offering incentives for heat pumps, smart thermostats, insulation, and home energy assessments for residential customers in Indianapolis and surrounding service territory.
Learn moreNIPSCO Home Energy Savings Program
NIPSCO's efficiency program providing rebates and incentives for heat pumps, insulation, programmable thermostats, and home energy audits for residential customers in northern Indiana.
Learn moreIndiana Weatherization Assistance Program
State-administered federal WAP program providing free weatherization services — air sealing, insulation, HVAC tune-ups — for income-eligible Indiana households through IHCDA and local community action agencies.
Learn moreUtility Heat Pump Water Heater Rebates in Indiana
These utility companies in Indiana may offer additional rebates for heat pump water heater installations. Utility rebates can typically be stacked with HEAR and HOMES rebates.
Income Eligibility for Heat Pump Water Heater Rebates in Indiana
Your eligibility for the maximum heat pump water heater rebate depends on your household income relative to the Area Median Income (AMI) in your area.
| Area | 80% AMI (Family of 4) | 150% AMI (Family of 4) |
|---|---|---|
| Indianapolis-Carmel-Anderson MSA | $72,000 | $135,000 |
| Fort Wayne MSA | $64,800 | $121,500 |
| South Bend-Mishawaka MSA | $64,000 | $120,000 |
Calculate Your Heat Pump Water Heater Rebate
Use our calculator to estimate your total savings including federal, state, and utility rebates.
Calculate My RebateFrequently Asked Questions
How much can I get for a heat pump water heater in Indiana?
In Indiana, you can receive up to varies through the HEAR program for a heat pump water heater if your household income is at or below 80% of Area Median Income (AMI). Moderate-income households (80-150% AMI) can receive 50% of the cost up to the same cap. Additional utility rebates may also be available from local providers.
Is the HEAR program open in Indiana for heat pump water heater rebates?
The HEAR program status in Indiana is currently: Active. Check back for updates as Indiana finalizes its HEAR program rollout.
Can I combine heat pump water heater rebates with other incentives in Indiana?
Yes. In Indiana, you can typically stack HEAR rebates with HOMES whole-home rebates (if you qualify for both), state-specific programs like Duke Energy Indiana Smart Saver Program, and utility rebates. The combined incentives generally cannot exceed 100% of the project cost.
What income qualifies for the maximum heat pump water heater rebate in Indiana?
To qualify for the maximum rebate, your household income must be at or below 80% of Area Median Income (AMI) for your area in Indiana. For example, in Indianapolis-Carmel-Anderson MSA, 80% AMI for a family of 4 is $72,000. Households between 80-150% AMI receive 50% of costs up to the cap.
