Do I Qualify
- Furnaces require NIPSCO gas service. ACs and heat pumps require electric service. Thermostats require either service.
- Install by November 30, 2026. Submit the invoice and required AHRI certificate.
- You cannot claim both the heat pump and gas furnace rebate for one dual-fuel installation.
- Equipment discounted through NIPSCO’s marketplace, retail or Midstream channel cannot also receive this rebate.
How Much Comes Off
| Equipment | Requirement | Amount |
|---|---|---|
| Natural Gas Furnace | ≥ 95% AFUE | $250 per furnace |
| Air Conditioner | 15.2–16.1 SEER2 | $550 per air conditioner |
| Air Conditioner | 16.2+ SEER2 | $650 per air conditioner |
| Air-Source Heat Pump | 15.2–16.1 SEER2 | $800 per heat pump |
| Air-Source Heat Pump | 16.2–17.0 SEER2 | $900 per heat pump |
| Air-Source Heat Pump | 17.1+ SEER2 | $1,000 per heat pump |
| Ductless Mini-Split Heat Pump | 17.1+ SEER2 & 8.6+ HSPF2 | $60 per heat pump |
| Smart Wi-Fi Thermostat | Wi-Fi capable and internet-connected for remote programming | $65 per thermostat |
Valid from January 1, 2026 to November 30, 2026.
Who Files It
The customer applies. Payment may go to the customer or an authorized contractor.
The provider pays either the contractor or the homeowner.
The Steps to Apply
- Check the qualified equipment list before buying. Program page.
- Apply within 60 days. Installations after October 31 must be submitted by November 30.
Read on October 22, 2026 from the NIPSCO page. The chart was printed Final_20260101-MNB. A change to this program is a dated line in the changelog.