Heat Pump Incentives for Multifamily Buildings
Modernize your multifamily building with clean, efficient heating and cooling.
Incentives Available
Incentives are limited to 50% of project costs or $1 million, whichever is lower. Project costs includes those related to equipment, labor, decommissioning, and project design.
|
Heating Application |
Description |
Incentive Structure |
Eligibility Criteria |
|---|---|---|---|
|
Building Heating |
- CCASHP for existing buildings only - Full Load Heating |
$5,000/dwelling unit |
- Buildings with 50 or fewer dwelling units - Prescriptive |
|
Building Heating |
- CCASHP for existing buildings only - Full Load Heating |
$200/MMBtu |
- Buildings with more than 50 dwelling units - Custom |
|
Building Heating |
GSHP |
$125/MMBtu |
- New construction - Eligible for both space and water heating |
|
Building Heating |
GSHP |
$200/MMBtu |
- Existing buildings - Eligible for both space and water heating |
|
Building Heating and Envelope (Existing Buildings Only) |
All heat pump technologies + Tier 1 |
$200/MMBtu |
5–30% reduction in dominant load compared to baseline |
|
Building Heating and Envelope (Existing Buildings Only) |
All heat pump technologies + Tier 2 |
$225/MMBtu |
More than 30% reduction in dominant load compared to baseline |
|
Water Heating (Existing Buildings Only) |
Split HPWH technologies |
$200/MMBtu |
Air-to-water HPWHs with storage capacities greater than 120 gallons must meet or exceed ENERGY STAR commercial water heater heating requirements. |
Eligibility Requirements
- You must own or manage a residential multifamily building with 5+ residential units and have an eligible Con Edison electric account.
- New construction projects are only eligible for GSHP incentives, not eligible for ASHP incentives.
- Mixed-used buildings with both multifamily and commercial spaces should apply to the program with the dominant use type, determined on a case-by-case basis.
- All existing buildings are subject to decommissioning of the existing fossil fuel system for the building’s space-heating scope of work.
- Common-area-only, scope-of-work projects are not eligible for Clean Heat incentives.
- Projects submitted after January 17, 2023, must not have begun installation.
Please read the Multifamily Clean Heat Program Manual (PDF) for full eligibility requirements.
How to Apply
To get started, find a participating contractor in the New York State Clean Heat Program. Your contractor will help select and install your heat pump and deduct your rebate from the total project cost.
When combined with federal tax credits, you could save tens of thousands of dollars when you install a heat pump.
Program Documents
Please reference the following documents when completing your application package:
Please email us your application after you’ve selected an approved contractor.