Get $1,300 in Rebates for New Energy-saving Homes
Builders can save money and protect the environment by making smart energy choices while constructing a new home. For example, using spray foam insulation can reduce heating and cooling costs by up to 40%.
The New Home Construction rebate makes it worthwhile to design and build homes that increase comfort, reduce energy use and maintain a home’s value.
The Indiana New Home Construction flyers provide at-a-glance information.
In 2019, 524 Indiana homes qualified for the rebates. Those homes will save over 1 million kWh hours of energy annually—enough to power about 100 typical homes for an entire year!*
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HERS Index—An Official Savings Scorecard
The Home Energy Rating System® (HERS) index is the industry standard for measuring a home’s energy usage. A certified HERS rater uses the index to determine a score—the lower the score, the more energy-saving the home.
HERS scores typically range from 0 to 100 – the lower the HERS score, the more energy efficient the home. The average Indiana home built in 2019 under I&M’s New Construction rebate offering had a HERS rating of 60—better than the average Indiana rating of 67 and the national average of 61.
Builders who certify a home’s energy savings with an independent HERS assessment can get rebates up to $1,300.
Top Builders in 2019
In 2019, more than 500 Indiana homes qualified for rebates. Granite Ridge Builders, Lancia Homes, Westport Homes, Kline Custom Homes and Ideal Suburban Homes built more than 63% of qualified homes. Together, these homes will save almost one million kilowatt-hours of energy annually. That’s enough to power approximately 100 typical homes for an entire year. See the Press Release for details.
|Electric Heat + Electric AC||HERS Score||Rebate|
|Gold Star||65 Below||$1,300|
|Gas Heat + Electric AC||HERS Score||Rebate|
|Platinum Star||56 below||$300|
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What are the rules / qualifications?
- Must be a single-family home, duplex or multi-family end unit located in I&M’s service territory with a residential billing tariff.
- HERS certification must be submitted with rebate application.
- Certification must occur between January 1, 2020 and December 13, 2020 and may be obtained by a certified HERS Rater.
Are there deadlines to submit my rebate?
- Applications must be received within 90 days of HERS certification.
- Applications must be received by December 13, 2020. Applications received after this date will be processed at 2021 levels.
Who gets the rebate, and how much is it?
How do I find a HERS Rater?
Can I get a product rebate and a new home construction rebate?
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 builder on record.
Whom do I contact with questions?
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*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. EPA.gov 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.