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Buy Smart at Home and Get Cash-back Rebates

Simple upgrades to your home can help you save energy, increase your comfort and protect the environment. Take advantage of cash-back rebates on high-quality, energy-saving products so you can save in more ways than one. The Product Rebate Overview Flyer provides an overview of all the rebates.

Depending on the product, the HVAC and energy-saving products can help you save a little or a lot. If your furnace is more than 20 years old, replacing it with a new high-efficiency unit could cut your heating bills by up to 50%. Every little bit helps your wallet and the environment. 

In 2019, you saved almost 3.4 million kWh in energy—enough to power about 280 typical homes for an entire year! That’s equal to reducing the emissions from a car driving 310,051 miles a year.*

Submit Rebate Now

1. Purchase your product at your local store, online or through your local contractor.
2. Install at home.
3. Submit your rebate application online or in the mail within 60 days of product purchase.

Qualifying Products

Purchase any of these qualifying products at your local store, online or through your local contractor.


A Wi-Fi smart thermostat allows you to control your home’s temperature from anywhere, anytime. A smart thermostat learns your schedule to customize a home energy plan so you can save more on energy.

Water Heater

Water heaters are the second highest source of energy usage in the home. High-efficiency electric water heaters and heat pump water heaters are easy choices for energy savings, performance and reliability. A high-efficiency electric water heater can save a family of four over $3,400 in energy costs over its lifetime compared to a standard model.

Pool Pump

An energy-saving pool pump uses about 70% less energy than a standard pool pump. With a new pool pump you can save about $200 each season.


An efficient dehumidifier uses 30% percent less energy than standard models. With a new dehumidifier you could save $200 over the life of the unit while avoiding more than 2,800 pounds of greenhouse gas emissions.

Air Source Heat Pump

A heat pump can heat, cool and dehumidify your home. It can also cut your heating cost up to 50% and your cooling cost by about 25% compared to electric furnace, baseboard or ceiling heat. Newer technology makes a heat pump a smart energy-saving option—even in cold climates.

Ductless Heat Pump / Mini Split

Go ductless and save up to 60% on your heating cost plus get air conditioning! A ductless heat pump or mini split is perfect for homes with electric baseboards, ceiling heat or an electric furnace. It’s ultra-quiet and provides maximum year-round comfort and control while lowering your heating and cooling costs by 30% to 60%!

ECM Furnace Fan Motor

Furnace fans are among any home’s biggest energy users. Traditional furnace motors operate at a constant speed. An ECM (electronically commutated motor) is more efficient with speed and torque controls built in. This allows the motor to adjust its speed to ensure optimal air flow and uses up to 30% less energy.

Featured Product

Rebate Chart

HVAC Products Rebate Chart
Rebate chart
HVAC Rebate Chart
Rebate Chart

Find a Contractor

      2018 – 2019 Participating Contractors. These contractors are not affiliated with I&M. I&M does not make any promise, warranty or representation regarding work performed by the contractors. Please contact several contractors to compare prices and available equipment.

      Contact Us

      Please email us or call 855-231-5274.



      What are the rules / qualifications?


      • Must be an I&M residential customer.
      • Equipment must be new and meet the specifications listed in the rebate application.
      • The rebate cannot exceed the cost of equipment, excluding installation cost.


      Are there deadlines to submit my rebate?


      • Products must be purchased and installed by December 13, 2020.
      • Rebate application must be received within 60 days of product purchase and installation.
      • Rebate application must be received by December 13, 2020. Applications after this date will be processed at 2021 rebate levels.


      What do I need for proof of purchase?


      A dated sales receipt is required as proof of purchase. It must include:

      • Retailer or contractor name, address and phone number
      • IItemized listing of product(s)
      • Model number(s) or other identifying information
      • Purchase price
      • Proof it is paid in full
      • Receipt information must match the product information on the rebate application

      In addition, HVAC rebates require:

      • Contractor’s invoice marked paid in full or showing zero balance
      • A copy of the product’s AHRI or manufacturer specification sheet indicating product efficiency. Product efficiency can be found on the AHRI Database.


      What is the HVAC Program Quality Assurance?


      All HVAC equipment rebate applications are subject to a random quality assurance inspection. This is an onsite inspection to verify equipment installation. You do not need to be home for the inspection unless the equipment is inside your home.


      Can I get a rebate on more than one product?


      Yes. To speed up processing, submit all eligible equipment on one rebate application.


      When will I get my rebate? Where is my rebate check mailed?


      Please allow 4-6 weeks for your rebate check to arrive. It will be mailed to the account holder at the mailing address on record with I&M.


      Whom do I contact with questions?


      Please email us or call 855-231-5274.


      Where do I mail my rebate?


      If you apply online you will receive your rebate check faster. If you prefer to send USPS,  mail your rebate application including proof of purchase to:

      Indiana Michigan Power
      Home Energy Products Program
      PO Box 60
      Fort Wayne, IN 46801

      I&M Marketplace 


      Instant rebates and free shipping on energy-saving products including LEDs, advanced power strips, smart thermostats, smart sockets, smart bulbs and more.

      Tip of the Day

      TIP #80
      Water Heating
      Fix leaky faucets, especially if it’s a hot water faucet. One drop per second can add up to 165 gallons a month – that’s more than one person uses in two weeks.
      See All Tips

      Explore More Ways to Save

      I&M Marketplace
      Coming Soon
      Instant rebates and free shipping on energy-saving products.
      Read More
      New Home Construction
      Get Rebates for Building Energy Efficient Homes
      Read More

      *Data as of 2019. Prior year data updated annually in June. Annual energy savings based on 1,000 kWh use per month. Emissions based on I&M-specific emissions data from our cleaner generation portfolio. Greenhouse Equivalencies Calculator used for kWh conversion.

      Product offerings and rebates are subject to change without notice. See the specific rebate application for Terms & Conditions.