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Rebates & Incentives

Whether you’re building a new home, remodeling an existing home, building a new business facility, or just looking to upgrade your heating and cooling system, your cooperative has a program designed to help. We also have rebates on lifetime warranty water heaters and electric vehicles!

 

Residential Heating

 

(Replacement incentives offered after 10 years)

  • Electric Heat Pumps - 2 tons or larger..................$600
  • Electric Resistance Heat..........................................$10 per kW
  • Mini-Split Heat Pump - under 2 tons.....................$300

Electric heating systems must meet the DOE manufacturing standard for HSPF efficiency. 
DOE standard in 2023 is 8.8.

Electric Heat Rate

 

  • 2.5 cent per kWh bill credit

  • Electric heating systems are eligible for the electric heat credit on all energy used by the heating system.

  • Heat pump installations are eligible for bill credit year-round with air conditioning function controlled by load management system. (No load control on electric heat.)

  • System must have a separate sub-meter to determine usage.

    • No charge to install a meter on an all-electric heated structure.

    • $175 charge for a meter installed with a fossil fuel furnace.

Commercial Heating

 

  • Electric Resistance Heat..........................................$10 per kW up to 600 kW

  • Electric Heat Pumps - 2 tons or larger..................$50 per ton of heating capacity

General Contractor Rebate

 

$100 rebate available to the general contractor for installing an all-electric heating system at a new residential dwelling of at least 1200 square feet.

Electric Vehicles

 

B-Y Electric members are eligible for a $100 rebate for an electric vehicle that is primarily charged at their B-Y Electric residence and is owned by the member.

Lifetime Warranty Water Heaters

 

Members who purchase a lifetime warranted electric water heater have the following rebates available: 

  • Offered on new construction and existing structures.

  • $6.00 per gallon of capacity rebate on a lifetime warranted water heater.

    • 50 gallon tank=$300

    • 85 gallon tank=$510

    • 100 gallon tank=$600

  • A load controller must be installed. 

  • Rebate applies if no rebate has been issued at the location in the previous 10 years.

  • Water heater must be at least or greater than 50-gallon capacity.

  • $7.00 per month bill credit with load controller installed, must use 600 kWh per month on the main meter.

  • The load controller shuts off the water heater at peak times to reduce the overall demand on our system.

Residential Heating System Rebate Application
Commercial Heating System Rebate Application
EV Rebate Application
Marathon Water Heater Image
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Contact Us

PO Box 158
134 S Lidice St
Tabor, SD 57063

Phone: (605) 463-2507
SD Toll-Free: (800) 925-2929
Fax: (605) 463-2419

Office Hours: Monday-Friday 7:30am-4:00pm

Our Co-op Partners

East River Electric

Basin Electric Power Cooperative

South Dakota Rual Electric Association

Safe Electricity.org Member Badge

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©2023 Bon Homme Yankton Electric. All Rights Reserved.

  • Home
  • My Account
    • Payments & Billing
      • Payment & Billing Options
      • PrePay Program
      • Budget Billing
      • Energy Assistance
      • Deposits & Fees
      • SmartHub Tutorials
  • My Energy
    • Energy Efficiency
      • Load Management
      • Rebates & Incentives
      • Agricultural & Commercial Rebates
      • REC Program
      • Residential Solar
      • Energy Tips and Resources
    • Co-op Services
      • Electrical Department
      • Electric Grills
      • Security Lights
      • Internet Service
  • Safety
    • Resources
      • Call Before You Dig
      • Farm Safety
      • Power Line Safety
      • Emergency Preparedness
      • Generator Safety
      • Tree Trimming Safety
      • Electricity Safety For Kids
  • News and Community
    • Co-op News and Events
      • Cooperative Connections Magazine
      • My Co-op News
      • REED Fund
      • Operation Round Up®
      • Co-op Connections® Card
      • Basin Tour
    • Youth Programs
      • Scholarships
      • Youth Tour
      • Youth Excursion
      • Touchstone Energy Scholar of the Week
  • My Co-op Membership
    • Governance
      • Board of Directors
      • Member Information & Cooperative Bylaws
      • Capital Credits
      • Annual Meeting
    • About the Cooperative
      • Our History
      • Staff & Employees
      • Where Your Electricity Comes From
      • Mission, Vision, & Principles
      • About Touchstone Energy
      • ACRE
      • Employment Opportunities
      • Nondiscrimination Statement
  • Contact Us