Consumers Energy Promotes Home Heating Credit to Help Customers Pay Energy Bills

Consumers Energy (NYSE:CMS) is promoting the Michigan Home Heating Credit to help customers pay higher bills after recent cold weather.

Rhea-AI Summary

Consumers Energy (NYSE:CMS) is promoting the Michigan Home Heating Credit to help customers pay higher bills after recent cold weather. The credit averages nearly $200 per household; eligibility is at or below 110% of federal poverty level (about $35,365 for a family of four).

Consumers Energy directs customers to call 2-1-1, offers free tax-prep connections, provided $5 million to 11 nonprofits, and serves 6.8 million Michigan residents.

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News Market Reaction – CMS

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Key Figures

Average credit benefit: $200 Income threshold: $35,365 Nonprofit support: $5 million +4 more

Average credit benefit

$200

Average Michigan Home Heating Credit benefit per household

Income threshold

$35,365

Eligibility for family of four (110% of federal poverty level)

Nonprofit support

$5 million

Provided to 11 nonprofits helping with energy bills

Residents served

6.8 million

Michigan residents receiving natural gas and/or electricity

State population

10 million

Total Michigan residents referenced in release

Service counties

68

Lower Peninsula counties served by Consumers Energy

Federal poverty level

110%

Income eligibility threshold for Home Heating Credit

Historical Context

5 past events · Latest: Feb 05

5 events

1. Feb 05

   Dividend increase

   24h Move

   +1.8%

   Board raised quarterly dividend to $0.57 per share, boosting income yield.

2. Feb 05

   Earnings beat

   24h Move

   +1.8%

   2025 EPS exceeded guidance and 2026 adjusted EPS guidance was raised.

3. Feb 02

   Cold weather impact

   24h Move

   -1.3%

   Warned of higher bills after brutal cold while committing $5M in assistance.

4. Jan 29

   Reliability update

   24h Move

   -1.3%

   Reported fewer outages and $15M savings despite more severe weather.

5. Jan 27

   Customer support

   24h Move

   +0.7%

   Mobilized over $100M in assistance and new $5M support for customers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

home heating credit, volunteer income tax assistance

2 terms

home heating credit regulatory

"Consumers Energy is preparing and supporting customers by helping them to apply for the Michigan Home Heating Credit."

A home heating credit is a government payment or tax reduction given to households to lower the cost of heating their homes, similar to a coupon that trims a utility bill or offsets fuel expenses. Investors care because such credits influence consumer cash flow and energy demand, which can affect sales for utility companies, energy producers, appliance makers and retailers, and can alter short-term revenue and seasonal patterns in these sectors.

volunteer income tax assistance regulatory

"The free 2-1-1 service connects people with free tax preparation services through Volunteer Income Tax Assistance sites."

Volunteer Income Tax Assistance is a program in which trained volunteers provide free tax-preparation and filing help for low- to moderate-income people, seniors, students, and those with disabilities, often through community centers or government-sponsored sites. It matters to investors because it improves tax compliance, speeds refunds and household cash flow, and supports community financial stability—like a local safety net that can influence consumer spending and economic resilience.

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JACKSON, Mich., Feb. 16, 2026 /PRNewswire/ -- Now that tax season is here, Consumers Energy is preparing and supporting customers by helping them to apply for the Michigan Home Heating Credit. The annual credit helps thousands of households manage their expenses each year, providing an average benefit of nearly $200.

"We know many people are concerned about rising costs across the board, so it's our priority to provide connections to dollars and resources that make a difference every day," said Lauren Snyder, Consumers Energy's senior vice president and chief customer and growth officer. "We are here to connect you with help now and all through the year."

The Home Heating Credit (MI-1040CR-7) is provided by the State of Michigan to help families recover heating costs from last year, offering dollars today. People are eligible if their income is at or below 110% of the federal poverty level, or $35,365 for a family of four. Customers do not need to file taxes to receive this credit.

To make the process easier, many families can get an inside track to the credit by calling 2-1-1. The free 2-1-1 service connects people with free tax preparation services through Volunteer Income Tax Assistance sites.

Consumers Energy is actively helping customers on the heels of last month's record cold snap that is leading to higher bills. Helping customers stay warm and supported is Consumers Energy's #1 priority today and the rest of this season.

Consumers Energy is identifying customers whose bills may be the most affected by the cold, and planning more direct outreach that helps them make payments and reduce energy use to lower future bills. The company also provided $5 million to 11 nonprofit organizations that are actively helping people with energy bills.

People can learn more about how Consumers Energy helps customers at ConsumersEnergy.com/assistance.

"Whether it's the Home Heating Credit or other programs, no one has to go it alone when facing hardship," Snyder said. "We want people to know Consumers Energy and so many others are standing with our friends and neighbors, supporting them no matter the situation."

Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7. 

Learn more at ConsumersEnergy.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-promotes-home-heating-credit-to-help-customers-pay-energy-bills-302688710.html

SOURCE Consumers Energy

FAQ

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What is the Michigan Home Heating Credit that Consumers Energy (CMS) is promoting on Feb 16, 2026?

The Home Heating Credit is a state benefit that helps eligible households recover prior-year heating costs. According to the company, it averages nearly $200 per household and is available to people at or below 110% of the federal poverty level.

Who is eligible for the Michigan Home Heating Credit mentioned by Consumers Energy (CMS) on Feb 16, 2026?

Eligibility is for households with income at or below 110% of the federal poverty level. According to the company, that equals about $35,365 for a family of four; tax filing is not required to receive the credit.

How can Consumers Energy (CMS) customers apply for the Home Heating Credit after the Feb 16, 2026 announcement?

Customers can get help applying by calling 2-1-1 for free tax-prep assistance and VITA site referrals. According to the company, 2-1-1 connects people to Volunteer Income Tax Assistance and other local resources.

What additional customer support did Consumers Energy (CMS) announce on Feb 16, 2026 related to higher winter bills?

The company said it is identifying customers most affected by the cold and increasing direct outreach to assist payments and reduce energy use. Consumers Energy also provided $5 million to 11 nonprofits aiding bill payments.

How many Michigan customers does Consumers Energy (CMS) say it serves in the Feb 16, 2026 release?

Consumers Energy stated it provides natural gas and/or electricity to 6.8 million residents in Michigan's Lower Peninsula. According to the company, this covers customers across all 68 Lower Peninsula counties.