Estimated Savings for a Typical North Carolina Home
2,000 sq ft home switching from electric-resistance heating
Installed Cost
$13,500
State Rebate
None
Net Cost
$13,500
Current Heating Cost/yr
$1,411
Heat Pump Cost/yr
$486
Annual Savings
$924
Payback Period
14.6 yrs
15-Year Savings
$4,014
CO₂ Avoided/yr
6,657 lbs
North Carolina Heat Pump Rebates
✕
Federal 25C Tax Credit (Expired Dec 31, 2025)
The federal Energy Efficient Home Improvement Credit (up to $2,000 for heat pumps) ended December 31, 2025. Heat pumps installed in 2026 do not qualify for it.
Up to $8,000
HEEHRA Federal Rebate (Income-Qualified)
Households at or below 150% of area median income can receive up to $8,000 toward a heat pump through the federal HEEHRA program, administered by North Carolina. View full rebate detail →
Heat Pump Costs by City in North Carolina
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Charlotte | $912 | 14.8 | 874,579 | Duke Energy Carolinas |
| Raleigh | $921 | 14.7 | 467,665 | Duke Energy Progress |
| Greensboro | $733 | 18.4 | 296,710 | Duke Energy Carolinas |
| Durham | $943 | 14.3 | 278,993 | Duke Energy Progress |
| Winston-Salem | $938 | 14.4 | 249,545 | Duke Energy Carolinas |
| Fayetteville | $778 | 17.4 | 211,657 | Duke Energy Progress |
| Cary | $885 | 15.3 | 174,721 | Duke Energy Progress |
| Wilmington | $852 | 15.9 | 123,506 | Duke Energy Progress |
| High Point | $804 | 16.8 | 112,791 | Duke Energy Carolinas |
| Concord | $846 | 16 | 105,240 | Duke Energy Carolinas |
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Quick Facts: North Carolina
- 🌡️ Climate: Mixed (3,400 HDD)
- ⚡ Avg electricity: $0.118/kWh
- 🔥 Natural gas: $1.40/therm
- 🏭 Top utility: Duke Energy Carolinas