Magic Valley Electric Cooperative's Value Incentive Program (VIP) offers consumers incentives for the installation of new central heat pump systems, dual fuel heating systems, central air conditioners, water heaters and heat pump water heaters in single family homes. The rebate varies depending on the equipment type and efficiency rating. This rebate is not valid for new construction. MVEC also provides rebates to A/C dealers to encourage them to sell energy efficient units. Dealers can receive a $40 rebate for selling A/C units with a 14 SEER or greater, and $50 for selling heat pumps with a 14 SEER or greater. All equipment requirements must be met in order to qualify for rebates. Contact MVEC for more information on the Value Incentive Program.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Texas |
| Incentive Type: | Rebate Program |
| Web Site: | http://www.magicvalley.coop/Electric-Service/Residential/Rebates |
| Administrator: | Magic Valley Electric Cooperative |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: |
Central A/C: $225 - $275, varies by efficiency rating Heat Pumps: $300 - $400, varies by efficiency rating Marathon Water Heater: $150 Heat Pump Water Heater: $250 |
| Eligible System Size: |
The air-condition capacity sizing ratio must exceed 500 square feet per ton Marathon Water Heater: 40 Gallons |
| Equipment Requirements: |
Central AC: Minimum 14 SEER Heat Pump Water Heater: UL listed and EF of 2.0 or greater |
| Installation Requirements: |
New homes are not eligible for rebates Must be installed by an Air-conditioning contractor with valid contractor license Outdoor condensing units, indoor evaporating coil, and air handler must be new and matched as shown in the current A.R.I. directory |
| Name: | Customer Service |
| Organization: | Magic Valley Electric Cooperative |
| Address: |
PO Box 267 Mercedes TX 78570 |
| Phone: | (866) 225-5683 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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