Skip to Main Content

Smart Thermostats

$80-$250 cash incentive

Installing a smart thermostat can help you reduce energy costs and keep your dwelling comfortable year-round. Smart thermostats use sensors to tell when you’re away, and can be programmed to use your daily schedule and local weather information to make energy-saving temperature changes automatically.

Smart Thermostats
  1. Establish your eligibility.

    Read More >
    • Primary heat source must be electric forced-air furnace or a ducted heat pump with electricity provided by Portland General Electric or Pacific Power; or gas forced-air furnace with gas provided by NW Natural, Cascade Natural Gas or Avista.
    • Cash incentives are available to all Oregon multifamily properties including: duplexes, triplexes and fourplexes; side-by-side units; and stacked structures with five or more units. See the “Details” tab for further eligibility requirements.
    • Energy-saving improvements must meet program requirements.
  2. Find a trade ally contractor or work with your own contractor.

    We can help you get started.

  3. Install equipment that meets the requirements listed on the Details tab.

  4. Complete and submit an incentive application with supporting documentation.

    • Proof of payment (invoice or receipt marked paid) and/or contractor’s invoice
    • A W-9 or Substitute W-9 form is required for investment properties.
    • Energy Trust must receive applications within 90 days from the date of purchase and installation.

    Download Application

    Send by Mail

    Energy Trust of Oregon
    Existing Multifamily Program
    111 SW Columbia St., Suite 945
    Portland, OR 97201

    Send by Fax

  5. Get your incentive.

    You should receive a cash incentive check within 6-8 weeks after all information is received.

     Note: A post-installation verification may be required.

Review the incentive application equipment specifications and requirements before starting your project.

Equipment Incentive Requirements
Smart Thermostat
$100 per unit

The incentive is available for units primarily heated by a furnace or ducted heat pump with fuel by participating utility. View qualifying models.

Smart Thermostat
$250 per unit

The incentive is available for sites primarily heated by gas furnace or ducted heat pump and receiving electric service from a participating utility. View qualifying models.

Incentives are subject to funding and availability may change. This offer cannot be combined with Energy Trust’s smart thermostat instant coupon or the heat pump advanced control incentive.

Not sure which thermostat is right for you? Compare features of the two most popular smart thermostat brands below.

FeaturesGoogle Nestecobee
Adjust thermostat from phone
Amazon Alexa built-in
Annual energy savings
ENERGY STAR® certified
Monthly energy report
Occupancy room sensor included
Smart algorithms
Remote temperature sensor

Compatibility check

See if your new smart thermostat is compatible with your home’s wires.

Set up your thermostat with ease

So long are the days of struggling to install your thermostat. With these quick and easy to follow installation videos, you’ll be saving energy in no time.


  • Form 320HVAC Heating, Ventilation and Cooling Incentive Application
  • A W-9 or Substitute W-9 form is required for investment properties

Need Help? Contact Us.

We’re here to explain the process and benefits. Give us a call at 1.877.510.2130 or send us an email at