Heat Pumps

EmPower+ - Low to moderate-income households can receive a no cost comprehensive home energy assessment to pinpoint where energy and dollars are being wasted and receive a customized plan to lower energy usage. Some of these funding awards can be directed towards heat pumps and heat pump water heaters. Low-income, single-family households are eligible for FREE no-cost energy efficiency improvements up to $10,000 per project with no out-of-pocket expense for the qualified homeowner. Moderate-income single-family households are eligible for FREE no-cost energy efficiency improvements up to $5,000 per project.

Inflation Reduction Act: Home Electrification and Appliance Rebates (HEAR) – In addition to Empower+ funding, the federal government HEAR funds can also potentially cover some costs of heat pump and heat pump water heaters at the following levels for income qualified applicants:

• Heat pump water heaters: $1,750
• Heat pumps: $8,000

PSEG Home Comfort Plus - Income eligible customers can reduce energy costs and increase comfort with a high efficiency, low maintenance Air Source Heat Pump system that provides both heating and cooling at a fraction of the cost of conventional systems. Rebates are 100% of total project cost OR $11,000 in total rebates, whichever occurs first.

For market rate air source heat pumps customers, rebates range from $500 to $1,000 per ton. Total rebates will not exceed 70% of project cost or $5,000 in total rebates. You are also eligible for a 30% federal tax credit.

PSEG Long Island Ground Source Heat Pump Rebate - PSEG Long Island geothermal ground source heat pump rebate is now $1,000 or $2,000 per ton depending on the efficiency level of the equipment. Additionally, you may be eligible for a 30% federal tax credit and additional 25% NY State income tax credit (max of $5,000).

PSEG Long Island Electric Heat Pump Water Heater Rebate - When it's time to replace your existing hot water heater, choose an electric heat pump water heater that's ENERGY STAR certified. You could save up to hundreds of dollars over the water heater's lifetime.Purchase date and installation date must be on or after January 1st, 2024 and postmarked no later than December 31, 2024. The rebate amount, up to $1,000, cannot be more than 50 percent of the retail purchase price paid. Rebate is only valid for ENERGY STAR Certified Electric Heat Pump Water Heaters.

PSEG HVAC Comparison Calculator – PSEG Long Island has created an online tool that will help you customize and estimate potential heat pump costs and savings based on your home size, equipment, current fuel rates and the exiting status of your home heat envelope.

Energy Star Heat Pump Water Heaters (HPWH) - Heat pump water heaters are also commonly referred to as Hybrid Electric Water Heaters. Consider an ENERGY STAR certified HPWH and enjoy big savings with a product that protects the environment. You can identify installers and rebate information here.

NYSERDA Heat Pump Program - Heat pumps are a better, more efficient way to keep your home comfortable all year long, without the use of fossil fuels. Learn about available rebates and how to get a free screening to assess the potential of ground and air source heat pumps and variable refrigerant flow technologies.

NYSERDA Community Heat Pump Systems Pilot Program - By using a building-by-building approach to a block-by-block and community-by-community model, a community thermal strategy accelerates the decarbonization of New York's building stock by connecting multiple buildings located in proximity to each other through shared heat pump piping and infrastructure.

Heat Pump Preferred Partnerships – To have a preferred partnership between a heat pump manufacturer and an independent contractor, contractors must meet a certain level of standards in working with the equipment and meet the manufacturer’s ideal expectations. Contractors can have more than one preferred manufacturing partnership, as contractors’ membership in such programs is not just a testimony to their knowledge and skill, as these contractors also tend to offer better warranties on parts and labor (and have the relationships to make sure they can get the parts they need). Preferred heat pump dealers include Carrier, Daikin, LG HVAC , and Mitsubishi / Trane.

Last updated November 11, 2024