Small-Medium Business Heat Pump Incentives

Receive incentives to cover up to 50% of your project costs when you install a heat pump in your small business or non-profit.

How it Works

Select an approved contractor from our list or have yours apply to participate.
The contractor visits your location 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.
The contractor performs the work. Con Edison pays incentives directly to the contractor, and you pay the difference. No waiting for rebates.

Questions? Submit an interest form and our partners at Wildan Energy Solutions will reach out to help.

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 or Nonprofits ≤2,500 Square Feet

You qualify for a fixed incentive of up to 50% of project costs.

For a limited time, participants located in Disadvantaged Communities may be eligible for an incentive of up to 60% of project costs.

To take advantage of this offer, you and your contractor must submit an incentive application by May 31, 2024, and complete installation by October 1, 2024.

Facility Size	Incentive	Limited-Time Incentive for Disadvantaged Communities
Facility Size <1,000 sq. ft.	Incentive $5,000	Limited-Time Incentive for Disadvantaged Communities $6,000
Facility Size 1,000–1,500 sq. ft.	Incentive $7,500	Limited-Time Incentive for Disadvantaged Communities $8,500
Facility Size 1,501–2,000 sq. ft.	Incentive $10,000	Limited-Time Incentive for Disadvantaged Communities $11,000
Facility Size 2,001–2,500 sq. ft.	Incentive $12,500	Limited-Time Incentive for Disadvantaged Communities $13,500

Businesses or Nonprofits >2,500 Square Feet

You qualify for an incentive of up to $200,000, or 50% of project costs, based on the amount of energy your heat pump installation will save compared to your existing heating and cooling system. We’ll also incentivize energy savings from building envelope upgrades like installing insulation, sealing air leaks, replacing windows, and installing window films or secondary windows.

For a limited time, you may qualify for up to $400,000, or 50% of project costs, if you and your contractor submit an incentive application by May 31, 2024, and complete installation by October 1, 2024.

Description	Incentive	Limited-Time Incentive
Description Heat Pumps for Space Heating	Incentive $150/MMBtu	Limited-Time Incentive $175/MMBtu
Description Heat pumps for heating and cooling, plus building envelope upgrade	Incentive $150/MMBtu	Limited-Time Incentive $200/MMBtu
Description Heat Pump Water Heater	Incentive $200/MMBtu	Limited-Time Incentive $200/MMBtu