(Courtesy: City of Lincoln)
The City of Lincoln is incentivizing residents to invest into home heating equipment, that will help residents save money and make heating and cooling their home more efficient.
Mayor Leirion Gaylor Baird appeared along side other city officials today to debut the new incentives offered by the city for the purchase and installation of residential air source heat pumps. These are heat pumps that absorb heat from air outside a building and release it inside.
Lincoln homeowners are now eligible for a $1,000 City of Lincoln-funded incentive toward the purchase of an air source heat pump. Eligible low-income residents who apply will receive $3,000 in City funds. Both may be combined with an $800 incentive from the Lincoln Electric System (LES) Sustainable Energy Program.
“Heat pumps are a smart solution for many households. They can save money on heating and cooling costs, contribute to cleaner indoor air quality, and help reduce greenhouse gas emissions, contributing to our community’s affordability, health, and sustainability,” said Mayor Gaylor Baird.
The City of Lincoln allocated $500,000 to fund the pilot incentive in the 2022-2024 biennial budget. Forty percent of the funds will be directed to low- and moderate-income residents and will be allocated through the Urban Development Department. The remaining 60% is available to single-family Lincoln homeowners and will be distributed through LES.
Funds are available on a first-come, first-served basis through August 31, or until funds are expended, whichever comes first. Visit lincoln.ne.gov/HeatPump for more information.