Using funds from the Stimulus State Energy Program administered by the Oklahoma Department of Commerce, OCP is providing additional rebates of $1,000 per ton for geothermal heat pump (GHP) systems. This is in addition to the $800 per ton rebate provided by the OMPA WISE Rebate Program in participating cities. OCP also provides energy audits for residential customers in member cities, and training for GHP contractors.
GHP systems help customers because they heat and cool homes and other buildings at the lowest operating costs. The OCP and WISE rebates, together with the 30 percent federal tax credit for residential customers, make the installation costs comparable with other heating and cooling systems. In fact, GHP systems will probably never be this low in installation costs. GHP systems help electric utilities by adding winter load and reducing summertime peaks.