Small-Medium Business Heat Pump Incentives

About Heat Pumps

Heat pumps are the latest in technology to keep your business comfortable year-round. They’re environmentally friendly, extremely efficient, and affordable to operate. They work by pulling heat from the air or from underground and use it to heat your business in the colder months. In the warmer months, they flow in reverse and use a refrigerant to cool your business. Learn more. 

Incentives Available

• Businesses < 1,000 square feet: Receive $5,000 when you install air-source heat pumps.
• Businesses 1,000–1,500 square feet: Receive $7,500 when you install air-source heat pumps.
• Businesses 1,501–2,000 square feet: Receive $10,000 when you install air-source heat pumps. 
• Businesses 2,001–2,500 square feet: Receive $12,500 when you install air-source heat pumps. 
• Businesses >2,500 square feet: Incentive amounts vary based on technology, whether your location is an existing building or new construction, and the amount of energy savings your project will yield.

Custom heat pump water heater projects in new constructions are only eligible for heat pump incentives when installed in conjunction with a ground-source heat pump for building heating. Incentives are capped at $200,000 or 50% of project costs. (Air-source heat pumps in new constructions are not eligible for heat pump incentives.

 How to Apply

1. Submit an interest form to get started. We’ll help you understand which technology might be right for your business and answer any questions.
2. Select a contractor from our approved participating contractor list. The contractor visits your business and recommends energy-saving upgrades. They’ll also tell you how much it will cost and how much Con Edison will cover. You decide if and when the work gets done.
3. The contractor performs the work. Con Edison pays incentives directly to the contractor, and you pay the difference. No waiting for rebates.

SUBMIT AN INTEREST FORM