How much you get
$3,000–$4,000 — A 3-4 ton system typically costs $13,000–$22,000 installed. Saves roughly $900/year, paying back in about 14 years after the rebate.
Source: SMUD
What you'll actually save each month
Rebates cover the upfront cost, but the number that decides whether this is worth it is the payback period — how long until the monthly savings pay back what you spent out of pocket. Here's the real math using SMUD's current rate:
- SMUD electricity (2026): roughly 25.3¢/kWh effective blended rate under SMUD's standard Time-of-Day plan (non-summer off-peak $0.1285/kWh, peak $0.1776/kWh; summer peak up to $0.3765/kWh) — TOU is SMUD's default structure, not a flat rate. (Check current SMUD rates →)
A modern cold-climate heat pump typically moves 2.5–3.5 units of heat per unit of electricity it uses (its "coefficient of performance"), which is why it beats electric resistance heating on cost even at this rate. Comparing against a gas furnace depends on your home's insulation, size, and current gas rate — there's no single number that's honest for every house.
Get your real payback number: Plug in your current heating bill and system type in our free assessment tool for an estimate — not a generic average.
How to claim it
SMUD heat pump rebates are contractor-driven — you don't submit the paperwork yourself.
- Choose a participating contractor from the SMUD Contractor Network — the system must be a qualifying two-stage (15.2 SEER2 minimum) or variable-stage unit
- Get SMUD pre-approval before installation — approval deadlines are tied to your install date, so apply early
- Contractor installs the system, handling permitting as part of the job
- Your contractor prepares the rebate application for your signature and submits it to SMUD on your behalf, along with the invoice and equipment model/serial numbers
- Rebate is processed in 6–12 weeks, subject to funding availability
Heat Pump installers in Rancho Cordova
Real companies serving Rancho Cordova, pulled from their current Google reviews. We're not paid to list anyone here.
See all Rancho Cordova installers →
Common questions
How much is the Heat Pump rebate in Rancho Cordova?
$3,000–$4,000 — A 3-4 ton system typically costs $13,000–$22,000 installed. Saves roughly $900/year, paying back in about 14 years after the rebate.
Where do I find heat pump installers in Rancho Cordova?
Browse real, currently-reviewed installers near Rancho Cordova on our installer directory, or run our free assessment for a shortlist matched to your project.
Next steps
View all Rancho Cordova rebate programs → or check the official SMUD rebates & incentives → → for the current source of truth.