The Indiana Heating and Air Conditioning Incentive Program has run out of money. The federally funded initiative, which provided rebates for qualified Energy Star appliances, wrapped up two weeks earlier than expected. The Indiana Office of Energy Development says it received and funded more than 15,000 rebates, averaging $400 each.
Due to tremendous consumer response over the last month, the Indiana Heating and Air Conditioning Incentive Program (IHIP) has exhausted its funding two weeks earlier than expected. The federally funded program provided rebates from $150 to $1,000 for qualified Energy Star rated furnaces, boilers, central air and heat pumps. The final rebate forms are still being processed but more rebate requests have been received than can be funded, so the program is now officially closed.
Over 15,000 rebates have been received and funded. The average rebate has been approximately $400. The final rebates to be funded will be processed within a week.
Source: Indiana Office of Energy Development