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Get Thousands Off an Air-Source Heat Pump

Save energy while you heat and cool your home with an air-source heat pump. Compared to legacy heating and cooling systems, air-source heat pumps are quieter, more comfortable, and lower maintenance. Plus, they won’t take up space in your basement or block your windows.

How It Works

  1. Choose from our list of approved contractors or have yours apply to participate.
  2. The contractor will visit your home free of charge, recommend the right equipment for you, and tell you how much it will cost after Con Edison’s contribution.
  3. The contractor performs the work and takes up to $12,000* off your final invoice. No waiting for rebates!

About Air-Source

Air-source heat pumps move existing heat in the air from one place to another using electricity. In summer, they move heat from inside a building to the outside like an air conditioner. In winter, they work reverse, extracting heat from outside to bring it into a building.

There are three types of air-source heat pumps to consider:

  • Mini-splits are a great option if you don’t have existing ductwork. Indoor air handlers can be mounted on the floor, wall, or ceiling.
  • A central air-source heat pump is great for buildings with existing ductwork and won’t take up any additional space on your walls.
  • Air-to-water heat pumps provide heating, cooling, and domestic hot water and are a good fit if you have existing radiators that can be repurposed.

Available Incentives

Con Edison will help cover the cost when you make heat pumps your primary source of heating. The installed heat pump must meet the full heating load requirements of your home. Your contractor will assist you in sizing. There are two ways to do this, each with different incentive levels.

Option 1 – Decommissioning: Disable or remove your old heating system

Option 2 – Integrated Controls: Keep your old heating system and install integrated controls

Available Incentives

Type

Single-Family Homes

Apartments

Available Tax Credits**

Available Incentives

Type

Decommissioning Incentive

Single-Family Homes

$10,000

Apartments

$6,000

Available Tax Credits**

$2,000

Available Incentives

Type

Enhanced Incentive for Disadvantaged Communities**

Single-Family Homes

$12,000

Apartments

$7,000

Available Tax Credits**

$2,000

Available Incentives

Type

Integrated Controls Incentive

Single-Family Homes

$2,500

Apartments

$1,000

Available Tax Credits**

$2,000

Available Incentives

Type

Enhanced Integrated Controls Incentive for Disadvantaged Customers

Single-Family Homes

$4,500

Apartments

$2,000

Available Tax Credits**

$2,000

These rates are part of a limited time offer. To receive an incentive, your contractor must complete installation and submit an incentive application by May 31, 2024.

Incentives cannot exceed 50% of project costs, or 70% of project costs if you’re located in a Disadvantaged Community.

**Disadvantaged Communities are defined by the New York State Climate Justice Working Group. To determine whether you qualify, click here.

If you previously received an incentive for a partial heat pump installation in your home, you could be available for additional incentives to fully decommission your old fossil fuel heating system. Get $4,000 if you live in a single-family home or $1,500 if you live in an apartment.

Includes two- to four-family homes as well as individual apartments in buildings with five or more units. If you own or manage a multifamily building with five or more and are looking to install heat pumps for the entire building, please see our heat pump incentives for multifamily buildings.

*All incentive rates for air-source heat pump installations are capped at 50% of project costs.

**View state tax credits.