Save Thousands on a Geothermal System
How it Works
Geothermal (also known as ground-source) heat pumps transfer heat stored in the earth into your building during the winter, and transfer it out and back into the ground during the summer to keep your space cool.
The system includes three principal components:
- Ground Loop
A series of connected pipes buried in the ground circulate water to absorb heat from, or relinquish heat to, the surrounding soil, depending on whether the system is providing heat or cooling. In other words, the system uses the earth as a heat source during winter and a heat sink during summer. - Heat Pump
The mechanical system that compresses a refrigerant to efficiently move heat into or out of a building. During winter, the heat pump removes heat from the water in the ground loop and transfers it to the building. During summer, the process is reversed. - Heat Distribution Subsystem
Conventional ductwork is generally used to distribute heated or cooled air from the geothermal heat pump throughout the building.
Benefits
- Energy efficient. Heat pumps are 3x more effective at transferring heat than traditional electric and fossil fuel heating sources.
- Dual heat-and-cooling system
- Systems equipped with desuperheaters can also produce hot water by transferring excess heat from the pump’s compressor to the building’s hot water tank.
- Reduced maintenance costs
- Whisper quiet
- Lower emissions
- Air filtration and dehumidification
- Easy to operate
- No visible or exposed outdoor equipment
See How Much You Can Save on a Geothermal System
|
System |
Customer Incentives |
Contractor Incentive Per Project |
Incentive Basis |
|---|---|---|---|
|
Full-load Geothermal System |
$2,850 |
$500 |
Per 10,000 Btu/h at full-load heating capacity* |
|
Custom Incentive |
$150 |
$1,000 |
Per MMBTU of annual energy savings |
Get an additional $150 if you install a desuperheater to supplement your existing water heater, or $1,000 for a ground-source, heat-pump water heater.
When combined with federal tax credits, you could save tens of thousands of dollars when you install geothermal!
Site Eligibility
To be eligible, customers must own or manage a residential multifamily building with 5+ residential units, have an eligible Con Edison electric account, and pay into the EE tracker.
How to Apply
To get started, submit an interest form and one of our experts will guide you through the process find the perfect system for your multifamily building.
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