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Heat Pump Incentives for Multifamily Buildings

Modernize your multifamily building with clean, efficient heating and cooling.

2024 Limited Time Clean Heat Incentives

From January 1 to May 31st, 2024, there will be increased incentives for a limited-time s for Multifamily Clean Heat projects.

To qualify, you must complete an application on or before May 31, 2024.

  • Project Installations Deadlines:
    • Category 2c and 6 projects must be installed by October 1, 2024.
    • Category4 and 4a projects must be installed by September 1, 2025.
    • Category 10 projects must be installed by installed by September 1, 2025.
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Category

Heating Application

Description

Incentive Structure

Eligibility Criteria

Limited Time Offer Incentives

Category

2C

Heating Application

Building Heating

Description

-CCASHP for existing buildings only
-Full Load Heating

Incentive Structure

$5,000/dwelling unit

Eligibility Criteria

-Buildings with 50 or fewer dwelling units
-Prescriptive

Limited Time Offer Incentives

$7,000/dwelling unit

Category

4

Heating Application

Building Heating

Description

-CCASHP for existing buildings only
-Full Load Heating

Incentive Structure

$200/MMBtu

Eligibility Criteria

-Buildings with more than 50 dwelling units
-Custom

Limited Time Offer Incentives

$225/MMBtu

Category

4

Heating Application

Building Heating

Description

GSHP

Incentive Structure

$125/MMBtu

Eligibility Criteria

-New construction
-Eligible for both space and water heating

Limited Time Offer Incentives

$225/MMBtu

Category

4

Heating Application

Building Heating

Description

GSHP

Incentive Structure

$200/MMBtu

Eligibility Criteria

-Existing buildings
-Eligible for both space and water heating

Limited Time Offer Incentives

$225/MMBtu

Category

4A

Heating Application

Building Heating and Envelope (Existing Buildings Only)

Description

All heat pump technologies + Tier 1

Incentive Structure

$200/MMBtu

Eligibility Criteria

5-30% reduction in dominant load compared to baseline

Limited Time Offer Incentives

$225/MMBtu

Category

4A

Heating Application

Building Heating and Envelope (Existing Buildings Only)

Description

All heat pump technologies + Tier 2

Incentive Structure

$225/MMBtu

Eligibility Criteria

More than 30% reduction in dominant load compared to baseline

Limited Time Offer Incentives

$250/MMBtu

Category

6

Heating Application

Water Heating (Existing Buildings Only)

Description

Split HPWH technologies

Incentive Structure

$200/MMBtu

Eligibility Criteria

Air-to-water HPWHs with storage capacities greater than 120 gallons must meet or exceed ENERGY STAR® commercial water heater heating requirements.

Limited Time Offer Incentives

$225/MMBtu

Category

10

Heating Application

Building Heating and Envelope (Existing Buildings Only)

Description

Custom Partial Load Space Heating Applications

Incentive Structure

$70/MMBtu

Eligibility Criteria

-Existing buildings
-Custom

Limited Time Offer Incentives

$95/MMBtu

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Abbreviation definitions: Air-source heat pump (ASHP). Central air-source heat pump (CCASHP). Ground-source heat pump (GSHP). Heat pump water heater (HPWH).

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.

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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.

FIND A CLEAN HEAT CONTRACTOR

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Program Documents

Please reference the following documents when completing your application package:

Please email us your application after you’ve selected an approved contractor.

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