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Residential Heat Pump Incentives

Save on select equipment and learn more about your financing options.

Geothermal Incentives

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. Learn more about geothermal.

Get $5,000 per 10,000 Btu/h of heating capacity off geothermal—up to 300,000 Btu/h total. Incentives are limited to $50,000 or 70% of project costs for all installed equipment, including category 5 (heat pump hot water heaters).

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.

If your home is in the area affected by the Westchester natural gas moratorium, you can receive up to an additional 30% off your installation, on top of our other rebates.

When combined with federal tax credits, you could save tens of thousands of dollars when you install geothermal!

To get started, find a participating contractor in the New York State Clean Heat Program. Your contractor will help find and install your heat pump and deduct your rebate from the total project cost.

Find a Clean Heat Contractor 

Air-Source Heat Pump Incentive Status

Due to tremendous response, we have exhausted funding for air-source heat pump projects and can no longer offer incentives at this time.

For more information about the status of your project and incentives, please contact your Clean Heat Participating Contractor.

Contractors with signed commitments as of May 9, 2022, who submitted those commitments and supporting documentation to Con Edison by Friday, May 13 at 5 p.m. should complete their projects and submit completed applications by August 1.

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