Call 609-400-1005Atlantic City Electric Heat Pump Rebates & Financing
Comfort Now LLC is an approved Participating Contractor in the ACE Residential Electrification Program (approved October 8, 2026). Rebate details current as of October 2026.
Written and reviewed by the Comfort Now team · Last updated October 2026
Quick answer: As of October 2026, Atlantic City Electric pays up to $10,000 (up to $12,000 for moderate income) for a cold-climate heat pump that replaces gas, oil, or propane heat, plus add-ons for ductwork, decommissioning, water heaters, and electrical upgrades. NEIF financing up to $25,000 is available. Comfort Now handles the paperwork.
Switching from gas, oil, or propane heat to an electric heat pump? Atlantic City Electric (ACE) will help pay for it. This page lays out every rebate in the ACE Residential Electrification Program, the equipment rules, the moderate-income bonus amounts, financing, and exactly what you need to have ready. Comfort Now handles the paperwork and photos for you.
Jump to: Who's eligible · Heat pump rebates · Add-ons · Equipment specs · Water heaters · Electric Ready · Moderate income · Financing · Checklist · How we handle it · FAQ
Who's eligible?
- Residential Atlantic City Electric customers replacing gas, oil, or propane heating or cooling.
- Not for replacing equipment that's already electric.
- Must be installed by an approved Participating Contractor (Comfort Now is one).
- Equipment must be ENERGY STAR certified and an AHRI-matched set: both the outdoor unit and the indoor coil are replaced together.
- Installed between January 1, 2025 and June 30, 2027.
- Subject to available program funds. ACE may change the program without notice.
Air source heat pump rebates
| Project type | What it means | Standard rebate | Moderate-income rebate |
|---|---|---|---|
| Full displacement, cold-climate heat pump (ccASHP) | A NEEP-listed cold-climate heat pump becomes your home's heating system and replaces the fossil-fuel system | Lesser of $10,000 or 50% of project cost for the largest system | Lesser of $12,000 or 60% of project cost for the largest system |
| Partial displacement / dual-fuel, ccASHP | A NEEP-listed cold-climate heat pump works with your existing gas, oil, or propane system as backup. Integrated controls required | Up to $5,000 or 50% of project cost for the largest system | Up to $6,000 or 60% of project cost for the largest system |
| Partial displacement, standard heat pump (ASHP) | A standard air source heat pump that meets the program minimums, used with your existing system | Up to $2,000 or 30% of project cost | Up to $4,000 or 40% of project cost |
How "lesser of" works: you get the percentage of your project cost, unless that number is higher than the cap. Then you get the cap.
Add-on rebates
| Add-on | Amount | Available with |
|---|---|---|
| Re-ducting | 50% of itemized costs, up to $2,000 (when a Manual D duct design calls for it; proof of re-ducting required) | Full displacement only |
| Decommissioning your old system | 50% of itemized costs, up to $2,000 (decommissioning checklist required) | Full displacement only |
| Each additional cold-climate heat pump in the home | $2,000 per unit | Cold-climate projects (full or dual-fuel). In a dual-fuel zone, the unit must be part of the integrated controls |
| Each additional standard heat pump in the home | $750 per unit | Cold-climate projects (full or dual-fuel). In a dual-fuel zone, the unit must be part of the integrated controls |
Partial-displacement and dual-fuel projects do not get the re-ducting or decommissioning add-ons.
Equipment specs
These are the minimum ratings in the program application. Don't worry about memorizing them. We check every system against them before we quote.
| Equipment | SEER2 (cooling) | HSPF2 (heating) | Cold-weather rating | Other |
|---|---|---|---|---|
| Ducted cold-climate heat pump | Greater than 14.3 | Greater than 7.7 | COP greater than 1.75 at 5°F | Must be NEEP-listed |
| Ductless cold-climate heat pump (mini-split) | Greater than 15 | Greater than 8.5 | COP greater than 1.75 at 5°F | Must be NEEP-listed |
| Any air source heat pump (minimum for all) | 15.2 or higher | 7.8 or higher | n/a | EER2 11.7 or higher |
What's COP at 5°F? It means that when it's 5 degrees outside, the heat pump still delivers more than 1.75 units of heat for every unit of electricity it uses.
Heat pump water heater rebate
| Equipment | Requirement | Rebate |
|---|---|---|
| Heat pump water heater | UEF 3.3 or higher (240V) or UEF 2.2 or higher (120V) | $750 per unit |
Electric Ready rebates
Electric Ready rebates help with the electrical work a heat pump may need. They are only available when you're also installing a heat pump or another qualifying electrification measure. Comfort Now does electrical work in-house, so one team handles it all.
| Customer | What's covered |
|---|---|
| Not income-qualified | Up to $300 per 240V circuit, up to 4 circuits, or $300 toward a panel upgrade |
| Income-qualified | Full cost up to $4,000 for a panel upgrade (sized for the new equipment and a Level 2 EV charger where possible), plus up to $2,500 for wiring |
Ground source (geothermal) heat pumps
The program application also lists rebates for ground source (geothermal) heat pumps. The geothermal rules are different from the air source rules, so call us and we'll confirm with the program whether your project qualifies before you count on a rebate. Learn more on our geothermal heat pumps page.
Moderate-income rebates
You may qualify for the higher moderate-income rebates if either of these is true:
1. Your home is in a low- to moderate-income census tract. Look up your address on the FFIEC census tract map, or we can check it with you.
2. Your household takes part in one of these programs:
- General Assistance (GA)
- Lifeline
- Low Income Home Energy Assistance Program (LIHEAP)
- New Jersey SHARES (NJ SHARES)
- Payment Assistance for Gas and Electric (PAGE)
- Pharmaceutical Assistance to the Aged and Disabled (PAAD)
- Section 8 Housing Assistance
- Supplemental Security Income (SSI)
- Supplemental Nutrition Assistance Program (SNAP)
- Temporary Assistance for Needy Families (TANF)
- Universal Service Fund (USF)
You'll sign a short form confirming this information, and ACE may contact you later to verify it.
Financing through NEIF
The New Jersey Energy Investment Fund (NEIF) offers financing for Atlantic City Electric residential customers, up to $25,000 based on credit. When you use NEIF, the rebate is deducted from your job total, so you only finance what's left.
| Credit score | Financing amount |
|---|---|
| 720 and up | $2,500 to $25,000 |
| 700 to 719 | Up to $20,000 |
| 680 to 699 | Up to $15,000 |
| 640 to 679 | Up to $10,000 |
Approval and terms are set by NEIF. See NEIF financing for ACE customers or visit our financing page.
Documents checklist for homeowners
What we need from you:
- A copy of your Atlantic City Electric bill (shows your account number and the account holder's name)
- Your signature on the rebate application (and on the assignment section if the rebate is applied as a discount on your invoice)
- For moderate-income rebates: your census tract result or the safety-net program you're enrolled in, plus your signature on the acknowledgment
- Access to your home for before and after photos
What Comfort Now takes care of:
- Pre-installation photos of your old system's nameplate and each space
- Post-installation photos of each space and installation
- AHRI certificate for the matched system, and NEEP listing for cold-climate systems
- Manufacturer spec sheet for each item
- Itemized invoice with model numbers and installation details, and proof of payment
- Decommissioning checklist and re-ducting proof, when they apply
- Submitting the application within 90 days of installation
Family legacy since 1876
Comfort Now by Bob McAllister carries a family legacy providing comfort since 1876. Today we are a local, family-run cooling, heating, and electrical team, a Carrier dealer, and an approved Atlantic City Electric Electrification Program contractor.
How we handle it
- You call 609-400-1005 or book online. We confirm you're an ACE residential customer.
- We visit and design. We size the right system and check it against the program specs.
- You get a clear quote. The estimated rebate is shown as a line-item discount.
- We take before photos, install the system, and take after photos.
- You sign and share your ACE bill. That's your part.
- We submit everything. ACE asks you to allow about 60 days for processing after all information is received. If you assigned the rebate to us, you already got it as a discount on your invoice.
Rebate FAQ
Can the rebate be more than the cost of my equipment?
No. Under the program terms, rebate levels cannot exceed the cost of the equipment.
Which rebate amounts apply to my project?
Rebates are based on your installation date. The rules and rebate levels in effect on the day your equipment is installed are the ones that apply.
Can I get Electric Ready money without a heat pump?
No. Electric Ready rebates for circuits, wiring, and panel upgrades are only available when they are installed along with a heat pump or other qualifying electrification measure.
Will Atlantic City Electric inspect my installation?
It may. Atlantic City Electric and its program administrators can review installations to verify the work and program compliance. Reviews are scheduled at a time convenient to the customer.
Is the rebate taxable?
The program terms recommend that customers talk with a tax adviser about any tax questions related to receiving a rebate.
Rebate amounts and eligibility set by Atlantic City Electric and subject to change; final approval by the program. Rebate levels follow the rules in effect on your installation date and cannot exceed the cost of the equipment. Information current as of October 2026. Official program page: Atlantic City Electric Residential Electrification.