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Save Thousands with Geothermal

When you install geothermal heat pumps, you qualify for $35,000 in incentives per home, or $45,000 if your home is in a disadvantaged community defined by the New York State Climate Justice Working Group. See if you live in a designated disadvantaged community.

How It Works

  1. Choose a contractor from the list below.
  2. The contractor will visit your home, 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 subtracts $35,000* from your final invoice, or $45,000** if you live in a Disadvantaged Community. No waiting around for rebates!

To take advantage of this limited time offer, your contractor must submit an incentive application by May 31, 2024, and complete installation by December 31, 2024.

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

Why Install Geothermal

Planet-friendly geothermal heat pumps let you efficiently heat and cool your home using the constant year-round temperature underground. The heat pumps transfer heat into your home during cold winter months and then remove heat during summer. In some cases, they can also heat water for use in sinks and showers.

Geothermal has three main components:
  1. A ground loop, which consists of pipes buried in the ground that circulate water to absorb heat from or release heat into the surrounding soil
  2. Heat pumps, which use a refrigerant to transfer energy from the ground loop into your home (or vice versa)
  3. Ductwork, which distributes heated or cooled air throughout your home


  • Up to 3X more efficient than oil-fueled systems
  • Lower emissions
  • No visible or exposed outdoor equipment
  • Dual heating and cooling
  • Whisper quiet
  • Air filtration and dehumidification
  • Easy to operate
  • Personalized comfort control
  • Low maintenance costs

*The incentive rate for residential geothermal projects located outside of a disadvantaged community is $35,000 per building or 50% of project costs, whichever is lower.

**The incentive rate for geothermal projects located within a disadvantaged community is $45,000 per building or 70% of project costs, whichever is lower.