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Get Thousands Off an Air-Source Heat Pump

Receive up to $10,000 in incentives when you upgrade your heating and cooling to efficient air-source heat pumps.

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Heat pumps are the most efficient heating and cooling technology on the market and offer maximum control and quiet for year-round comfort in your home.

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 $10,000 off your final invoice. No waiting for rebates! See below for full incentive details.
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About Air-Source Heat Pumps

Air-source heat pumps move existing heat in the air from one place to another using electricity. In the summer, they move heat from inside the building to the outside. In winter, they extract heat from outside the building and bring it inside.

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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.

Incentives

Option 1

Remove or disable your old heating system when you install air-source heat pumps

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Option 1

Incentives

Enhanced Incentives for Disadvantaged Communities*

Enhanced Incentives for Soundview in the Bronx**

Available Tax Credits

Option 1

Single-family homes

Incentives

$8,000

Enhanced Incentives for Disadvantaged Communities*

$10,000

Enhanced Incentives for Soundview in the Bronx**

$16,000

Available Tax Credits

$2,000

Option 1

Apartments

Incentives

$4,000

Enhanced Incentives for Disadvantaged Communities*

$5,000

Enhanced Incentives for Soundview in the Bronx**

$6,000

Available Tax Credits

$2,000

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Option 2

Keep your old heating system and install integrated controls alongside your air-source heat pumps.

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Option 2

Incentives

Enhanced Incentives for Disadvantaged Communities*

Available Tax Credits

Option 2

Single-family homes

Incentives

$2,500

Enhanced Incentives for Disadvantaged Communities*

$4,500

Available Tax Credits

$2,000

Option 2

Apartments

Incentives

$1,000

Enhanced Incentives for Disadvantaged Communities*

$2,000

Available Tax Credits

$2,000

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If you previously received an incentive for a partial heat pump installation in your home, you could be eligible for additional incentives up to $4,000 for a single-family home and up to $1,500 for apartments, to fully decommission your old fossil fuel heating system.

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* Incentives are calculated per home or per apartment and are capped at 50% of project costs, or 70% if you’re located in a Disadvantaged Community as defined by the New York State Climate Justice Working Group. 

**Residents of the Soundview neighborhood in the Bronx may be eligible for additional incentives.  

***Only Single-family homes, two- to four-family buildings, and individual apartment owners in buildings with five or more units are eligible for these incentives.

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