Financing & Rebates
Temperature Masters is a Trade Ally / registered program partner of all four New Jersey utilities — PSE&G, JCP&L, Elizabethtown Gas, and New Jersey Natural Gas — and serves customers in RECO (Rockland Electric) territory. Whichever utility serves your home, we know the current programs and handle the rebate process with you.
0% Financing for Qualifying Installations
Eligible customers may have access to 0% financing with terms that can extend from 84 to 120 months, depending on the utility, project, amount financed, income qualifications, and current program rules. Approval is required. Final financing terms are determined by the applicable program and lender.
Home Electrification & Decarbonization
Go all-electric with the NJ Clean Heat program: up to $10,000 to $12,000 for a whole-home heat pump conversion, plus decommissioning, re-ducting, and electrical upgrade rebates. This is one of the fastest-growing project categories we handle, and we manage the entire process for you, including the utility application, Manual J load sizing, and all the paperwork, so you can go all-electric without the hassle.
- Up to $10,000–$12,000 through NJ Clean Heat for a whole-home heat pump conversion
- Additional rebates for decommissioning your old fossil-fuel equipment
- Re-ducting and electrical panel/circuit upgrade rebates available
- We handle the entire application, Manual J load sizing, and paperwork for you
Rebates & Programs by Utility Territory
Tap your utility below for a quick summary of the equipment, rebates, and financing that may be available. We'll confirm exact eligibility and current terms when we scope your project.
PSE&G
Electric equipment (instant rebates):
- Cold-Climate Air-Source Heat Pump: $600
- Air-Source Heat Pump (split or packaged): $300–$450
- Heat Pump Water Heater: $450
- Central AC, ECM furnace fan, and smart thermostat rebates also available
Gas equipment (instant rebates, non-condensing replacement required):
- Gas Combi Heat: up to $1,050
- Gas Boiler: up to $600
- Gas Furnace: $540
- Tankless Water Heater: up to $450
Clean Heat / whole-home electrification (eligibility-based):
- Full Displacement (cold-climate heat pump replaces fossil heat): up to $10,000, or $12,000 income-qualified
- Dual Heat and Hybrid Heat partial-displacement options also available
- Stackable add-ons for decommissioning, re-ducting, and electrical upgrades
Financing: 0% financing available on qualifying installations, terms up to 84–120 months.
All rebates, incentives, and financing are subject to customer eligibility and current utility program rules, and may change without notice.
JCP&L
Rebates are application-based; we submit through the contractor portal on your behalf.
- Cold-Climate Air-Source Heat Pump: $1,000
- Air-Source Heat Pump: $500–$750
- Ductless Mini-Split Heat Pump: $750
- Heat Pump Water Heater: $750
- Central AC, Geothermal Heat Pump, ECM furnace fan, and smart thermostat rebates also available
- Income-qualified enhancement: +$300 per unit (up to 400% FPIG)
Financing: 0% financing available through NEIF, terms up to 120 months.
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All rebates, incentives, and financing are subject to customer eligibility and current utility program rules, and may change without notice.
Elizabethtown Gas
Elizabethtown Gas offers the richest gas rebates of the five programs. Gas heating rebates require replacing a non-condensing unit with a condensing one; apply within 120 days with a paid invoice and model/serial photo, and Manual J/S sizing is required. Installs must be completed through June 30, 2027.
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- Gas Combi: $1,300–$1,750
- Gas Boiler: $900–$1,000
- Gas Furnace: $900
- Tankless Water Heater: $500–$750
- Income-qualified bonus: +$300 per equipment
Financing: On-Bill Repayment Program (OBRP), 0% APR up to $25,000, up to 7 years, through a participating contractor; loans net of rebates.
All rebates, incentives, and financing are subject to customer eligibility and current utility program rules, and may change without notice.
New Jersey Natural Gas (SaveGreen)
Requires a paid receipt, proof of permit, and photos of the existing furnace or boiler; non-condensing to condensing only. Installs must be completed through June 30, 2027.
- Gas Furnace: $900
- Gas Boiler / Combi: up to $1,000 / $1,750
- Tankless Water Heater: up to $750
- Maximum combined Hybrid Heat package (95% furnace + qualifying heat pump + high-efficiency tankless with dual-fuel auto-switching thermostat): $3,650
Financing: On-Bill Repayment Program, 0% APR up to $25,000, terms up to 10 years, repaid on the gas bill; income-qualified customers may receive +$300 per equipment and extended terms.
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All rebates, incentives, and financing are subject to customer eligibility and current utility program rules, and may change without notice.
RECO / Rockland Electric
Serves northern Bergen, Passaic, and Sussex counties. Instant rebates require a RECO Participating Contractor and are limited to residential, owner-occupied homes; no new construction.
- Cold-Climate Heat Pump: $700–$1,400
- Ductless Mini-Split Heat Pump / AC: $525 each
- Air-Source Heat Pump: $350–$525
- Air-to-Water Heat Pump: $1,120 per 10,000 BTUh
- Heat Pump Water Heater: $525
- Central AC: $70–$140
- Clean Heat full displacement: up to $10,000, or $12,000 moderate-income
- Dual Heat / Hybrid Heat: up to $2,000–$5,000, or higher for moderate-income
Financing: NEIF 0% APR, $2,500–$25,000, 100% financing net of rebate, instant credit decision, no lien; terms of 36, 60, or 84 months (120 months for LMI and Whole-Home projects $10,001–$25,000).
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All rebates, incentives, and financing are subject to customer eligibility and current utility program rules, and may change without notice. Temperature Masters' RECO Participating Contractor status has not been confirmed for this territory; we will verify current eligibility with you before your project begins.
Heat Pumps & Home Electrification
Heat pumps are the centerpiece of our residential HVAC strategy. Whether you need a standard system, a cold-climate model built for New Jersey winters, ductless flexibility, or a hybrid setup that pairs with your existing furnace, we size and install the right equipment for your home, and connect you with every rebate and financing program you qualify for.
Standard Air-Source Heat Pumps
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Efficient, all-purpose heating and cooling from a single system, with rebates available across every NJ utility.
Cold-Climate Heat Pumps
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Engineered to deliver full heating capacity in New Jersey's coldest months, with the highest rebate tiers of any heat pump category.
Daikin Heat-Pump Systems
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We install Daikin heat-pump equipment for homeowners who want a trusted, proven brand backed by strong manufacturer warranties.
Ductless Heat Pumps
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Mini-split systems that add efficient heating and cooling to additions, converted spaces, and homes without existing ductwork.
Hybrid & Dual-Fuel Systems
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Pair a heat pump with your existing gas furnace for automatic switching between electric and gas heat, balancing comfort, efficiency, and cost.
Heat-Pump Water Heaters
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Cut water-heating costs with a high-efficiency heat-pump water heater, eligible for instant rebates from every NJ utility we work with.
Clean Heat & Decarbonization Programs
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Go fully electric through NJ Clean Heat and similar utility programs, with the largest available rebates for whole-home conversions.
Some whole-home electrification and Clean Heat projects may also involve panel or circuit upgrade rebates. Temperature Masters is not an electrical contractor; where electrical work is required, we coordinate with a licensed electrical partner as part of your project. See the Financing & Rebates section below for the current programs, rebate amounts, and 0% financing available by utility.
Not Sure Which Program Fits Your Home?
Available incentives depend on your utility provider, equipment, project scope, and eligibility. We’ll help you identify the programs that may apply to your home, whether you're upgrading to a heat pump, a heat pump water heater, a tankless water heater, a combi boiler, or another high-efficiency system.
Program availability, rebate amounts, financing terms, and eligibility requirements are determined by the applicable utility or program administrator and may change. Condensing-to-condensing gas equipment replacements are not eligible. Applications are generally required within 120 days. Manual J and Manual S sizing requirements may apply. Incentives are not available for new construction. Additional restrictions may apply.
Rebate & Financing Highlights
Cold-climate heat pump
RECO $1,400 leads, then JCP&L $1,000, RECO base $700, and PSE&G $600. The utility determines the offer.
Gas furnace & combi
Furnace: ETG/NJNG $900 vs. PSE&G $540. Combi (97%+ AFUE): ETG/NJNG $1,750 vs. PSE&G $1,050.
Full electrification
PSE&G and RECO Clean Heat offer up to $10,000 to $12,000, plus stackable add-ons for decommissioning, re-ducting, controls, and extra systems.
Longest 0% terms
NJNG: 10 years / $25K. ETG: 7 years / $25K. JCP&L & RECO NEIF: up to 120 months. PSE&G: 84 to 120 months.
Universal rules: condensing-to-condensing gas replacements are never eligible. Applications generally must be submitted within a 120-day window. Manual J/S sizing is required. New construction does not qualify.