HVAC and Water Heating
Energy Trust offers incentives for businesses that install qualifying natural gas upgrades like commercial water heaters and boilers. Incentives help reduce your upfront costs and make energy-efficiency improvements more affordable.
Project Examples

Auto Shop
Project Type: Infrared Radiant Heaters
Project Cost: $26,600
Incentive: $3,200
Annual Savings: 2,100 kWh and 3,600 therms

Elementary School
Project Type: Steam Traps
Project Cost: $16,000
Incentive: $8,000
Annual Savings: 3,600 therms
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Check your eligibility.
Read More >Energy Trust provides cash incentives to businesses for energy-efficiency and renewable power projects. To qualify, you must:
- Have a project site in Oregon served by Portland General Electric, Pacific Power, NW Natural, Cascade Natural Gas or Avista and contribute to the public purpose charge. Check your bill or contact Energy Trust if you have questions.
- Be improving an existing structure.
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Find a trade ally contractor.
We can help you get started.
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Install equipment that meets the requirements listed in the Oregon Incentive Application.
See the appropriate incentive application below to confirm equipment requirements before purchasing.
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Submit documentation.
Download Application (PDF) Download Application (Excel) Download W-9
Send by Mail
Energy Trust of Oregon
Existing Buildings
811 SW 6th Ave, Suite 800
Portland, Oregon 97204Send by Email
existingbuildings@energytrust.orgSend by Fax
503.243.1154 -
Get your incentive.
Note: A post-installation verification may apply.
Customers may receive cash incentives up to $250,000 per site, per year. See incentives available for HVAC and water heating equipment outlined in the table below.
Equipment | Incentive |
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Infrared Radiant Heaters | $1.25-$2.25 per kBtu/h input |
New Rooftop Unit (RTU) with Economizer | $30 per ton of cooling capacity |
New RTU with Demand Control Ventilation (DCV) | $29 per ton of cooling capacity |
New RTU with Variable Speed Supply Fan | $100 per ton of cooling capacity |
Advanced Rooftop Controls (ARC) – Lite Retrofit | $100 per ton |
Advanced Rooftop Controls (ARC) – Full Retrofit | $50-$200 per ton |
Air-Cooled Variable Refrigerant Flow (VRF), for Offices or Schools | $1 per sq ft of area served by VRF |
Steam Traps | Limited-time bonus. To qualify, equipment must be purchased and installed, and application received between 3/1/22 and 12/1/22. |
Commercial Heat Pump Water Heater (HPWH) | $500 each |
Commercial Tank Water Heater | Limited-time bonus. To qualify, equipment must be purchased and installed, and application received between 3/1/22 and 12/1/22. |
Commercial Tankless Water Heater < 200 kBtu/h | $165 each |
Commercial Tankless Water Heater/Boiler ≥ 200kBtu/h | $1 per kBtu/h input |
Commercial Condensing HVAC Boiler | Limited-time bonus. To qualify, equipment must be purchased and installed, and application received between 3/1/22 and 12/1/22. |
Modulating Boiler Burner | $5 per kBtu/h of burner rated capacity |
Hydronic Heating Circulator Pumps, Single Speed Electronically Commutated Motor (ECM) | $200-$300 each |
Hydronic Heating Circulator Pumps, Variable Speed ECM | $300-$750 each |
Commercial Ducted or Ductless Heat Pump - Retrofit | $500 per ton |
Commercial Ducted or Ductless Heat Pump – New or Replacement | $150 per ton |
Garage Exhaust Ventilation Controls | $0.10–$0.50 per CFM |
Commercial Gas Furnace | $5.75 per kBtu/h |
Ready to apply for standard incentives? Download general project forms. If you need guidance, just ask your trade ally contractor for assistance.
Custom Incentives
Energy Trust offers custom incentives for larger, more complex projects. Learn more about custom incentives >
Incentives are subject to funding availability and may change.
Incentives also available for businesses located in Southwest Washington.