Save energy at home by making the switch to high-efficiency heating and cooling equipment. If your heating or cooling equipment is more than 10 years old, now is an ideal time to replace it! Through our residential HVAC Instant Rebate Program, you can get instant rebates of up to $450 when you upgrade to a cost-effective, energy-efficient central or mini-split air conditioner unit, heat pump, or ENERGY STAR® certified smart thermostat through a PSE&G participating contractor—and instant rebates of up to $660 on a new gas water heater, furnace, or boiler system. Better yet, you may be eligible for PSE&G's low financing rates through our on-bill repayment program to help you pay for your upgrades. How You Can Participate To get started, contact a PSE&G participating contractor who can help guide you through the process, install your equipment, and provide you with an instant rebate once the installation of your new high-efficiency unit(s) is complete. (opens in a new tab)Find a Participating Contractor What You Can Expect Your selected participating contractor will contact you to confirm your account eligibility and will provide information about PSE&G’s convenient on-bill repayment option as well as additional incentives for Low to Moderate Income (LMI) customers. On your scheduled appointment day, your contractor will install your high-efficiency HVAC heating, cooling, or water heater equipment, note your PSE&G instant rebate on your invoice, and ask you to sign a customer acknowledgment form upon completion. Eligible Measures and Incentives Residential HVAC and Water Heater Products - Electric Measure Description Minimum Efficiency Requirements Instant Rebate Amount ENERGY STAR® Central A/C – Tier 1 ENERGY STAR Certified SEER ≥ 16, EER ≥ 13 $180 ENERGY STAR Central A/C – Tier 2 ENERGY STAR Certified SEER ≥ 18, EER ≥ 13 $270 ENERGY STAR Air-Source Heat Pump – Tier 1 ENERGY STAR Certified SEER ≥ 16, EER ≥ 13, HSPF ≥ 10 $300 ENERGY STAR Air-Source Heat Pump – Tier 2 ENERGY STAR Certified SEER ≥ 18, EER ≥ 13, HSPF ≥ 10 $390 ENERGY STAR Ductless Mini-Split Heat Pump ENERGY STAR Certified – V5.0 Single: SEER ≥ 18, EER ≥ 12 or HSPF ≥ 10) Multi: SEER ≥ 20, EER ≥ 12 or HSPF ≥ 12) $240 ENERGY STAR Ductless Mini-Split A/C ENERGY STAR Certified – V5.0 SEER ≥ 20, EER ≥ 12 $270 ENERGY STAR Heat Pump Water Heater ENERGY STAR Certified $450 ENERGY STAR Furnace Fan ECM Motor Install – Retrofit Only $60 ENERGY STAR Smart Thermostat ENERGY STAR Certified. New installation or replacement of a manual or conventional programmable thermostat, as part of an HVAC install $60 Residential HVAC and Water Heater Products - Gas Measure Description Minimum Efficiency Requirements Instant Rebate Amount Reset Controls for Boiler $75 ENERGY STAR® Gas Boiler – Tier 1 AFUE 90–94.99% $270 ENERGY STAR Gas Boiler – Tier 2 AFUE ≥ 95% $390 ENERGY STAR Gas Furnace – Tier 1 AFUE 95–96.9% $240 ENERGY STAR Gas Furnace – Tier 2 AFUE ≥ 97% $360 ENERGY STAR Gas Combo Heat – Tier 1 AFUE ≥ 95% $420 ENERGY STAR Gas Combo Heat – Tier 2 AFUE ≥ 97% $480 ENERGY STAR Gas Storage Tank Water Heater – Tier 1 Power Vented < 55 Gallons, Uniform Energy Factor (UEF) ≥ 0.64 Medium Draw Pattern, High Draw Pattern UEF ≥ 0.68 $150 ENERGY STAR Gas Storage Tank Water Heater – Tier 2 Power Vented ≥ 55 Gallons, UEF ≥ 0.78 Medium Draw Pattern, High Draw Pattern UEF ≥ 0.80 $150 ENERGY STAR Tankless Water Heater UEF ≥ 0.87 $150 ENERGY STAR Indirect Fired Storage Tank Water Heater Paired With Qualifying AFUE 90%+ Gas Boiler $150 ENERGY STAR Qualifying Gas Heater With Qualifying Gas Water Heater – Tier 1 Qualifying Gas Heater With < 55 Gallons and UEF ≥ 0.64 Medium Draw Pattern, ≥ 0.68 High Draw Pattern $450 ENERGY STAR Qualifying Gas Heater With Qualifying Gas Water Heater – Tier 2 Qualifying Gas Heater With ≥ 55 Gallons and UEF ≥ 0.78 Medium Draw Pattern, ≥ 0.80 High Draw Pattern or High Capacity $660 ENERGY STAR Smart Thermostat ENERGY STAR Certified. New installation or replacement of a manual or conventional programmable thermostat, as part of an HVAC install. $60 Enhanced Low to Moderate Income (LMI) Incentives Low to moderate income (LMI) residents may be eligible for an additional incentive of $200 per measure. Eligibility for this incentive will be restricted to customers in one of the following groups: Customers that reside in a low- or moderate-income census tract area Customers that currently participate in one of the following safety net programs: Universal Service Fund (USF) Lifeline Low Income Home Energy Assistance Program (LIHEAP) Temporary Assistance to Needy Families (TANF) Supplemental Security Income (SSI) Pharmaceutical Assistance to the Aged and Disabled (PAAD) Section 8 Housing Assistance Supplemental Nutrition Assistance Program (SNAP) General Assistance (GA) Payment Assistance for Gas and Electric (PAGE) New Jersey SHARES (NJ SHARES) Customers whose income is at or below 250% (Low Income), or up to 400% of the Federal Poverty Guidelines (Moderate Income) (opens in a new tab)Find a Participating Contractor If you have questions about PSE&G's residential HVAC Instant Rebate Program or about finding a participating contractor, contact us at 1-855-846-2895. Looking to Become a PSE&G Participating Contractor? Visit our contractor application portal to register and complete a contractor application. Contact us at 1-855-846-2895 if you have any questions. We look forward to working with you! Already a PSE&G Participating Contractor? Visit our Online Rebate Application System to reserve eligible equipment and complete customer rebate applications. You may also be interested in... Quick Home Energy Check-upHome Weatherization Program for Income-Qualified CustomersAppliance Recycling