Small Business & Nonprofit Heat Pump Incentives
Get up to 50% of your project costs covered when you install a heat pump.
About
Heat pumps use the latest heating and cooling technology to keep your building comfortable year-round. They’re environmentally friendly, whisper-quiet, and extremely efficient. Heat pumps work by pulling heat from the air and using it to heat your building in the colder months. In the warmer months, they flow in reverse, moving heat from inside to outside to cool your space.
Incentives for Businesses and Nonprofits <2,500 Sq. Ft.
Receive an incentive that covers up to 50% of project costs.
|
Size of Space |
Incentive |
|---|---|
|
Size of Space <1,000 Sq. Ft. |
Incentive $5,000 |
|
Size of Space 1,000-1,500 Sq. Ft. |
Incentive $7,500 |
|
Size of Space 1,501-2,000 Sq. Ft. |
Incentive $10,000 |
|
Size of Space 2,001-2,500 Sq. Ft. |
Incentive $12,500 |
Incentives for Businesses and Nonprofits >2,500 Sq. Ft.
Receive an incentive that covers up to $200,000, or up to 50%, of project costs, based on the amount of energy your heat pump installation will save compared to your existing heating and cooling system. You’ll get more savings and even higher incentives when you pair heat pumps with building envelope upgrades, such as installing insulation, sealing air leaks, replacing windows, and installing window films or secondary windows.
For a limited time, you may qualify for increased incentive rates (see “Limited Time Offer’” below) and up to $400,000 in incentives, or 50% of project costs (whichever is lower), if you and your contractor submit an incentive application by May 31, 2025, complete installation by September 19, 2025, and pass post inspection by October 31, 2025.
|
Description |
Incentive |
Limited Time Offer |
|---|---|---|
|
Description Heat Pumps for Heating and Cooling |
Incentive $150/MMBTU |
Limited Time Offer $195/MMBTU |
|
Description Heat Pumps for Heating and Cooling, plus Building Envelope Upgrades |
Incentive $150/MMBTU |
Limited Time Offer $195/MMBTU |
|
Description Heat Pump Water Heater |
Incentive $200/MMBTU |
Limited Time Offer $275/MMBTU |
Get Started
Step 2
The contractor visits your facility, provides a quote for the work, and estimates how much of the cost Con Edison will cover.
Step 3
The contractor completes the work and subtracts Con Edison incentives directly from your invoice. No waiting for rebates.
Already have your own contractor? They can apply to participate and be approved and onboarded within a week.
Questions? Submit an interest form and a member of our team will be in touch.