Heat Pump Incentives for Multifamily Buildings
Receive tens of thousands of dollars in incentives to upgrade your 5+ unit building with more comfortable and efficient heat pump technology.
How it Works
If you are interested in a ground source heat pump, please email our geothermal team.
To get started with all other heat pumps, choose an approved participating clean heat contractor from our list in the New York State Clean Heat Program. Once you’ve selected your contractor, please reference the following documents and email us with the required information.
Eligibility Requirements
- You must own or manage a residential multifamily building with 5+ residential units and have an eligible Con Edison electric account.
- New construction projects are only eligible for Geothermal Heat Pump incentives, not eligible for Air Source Heat Pump incentives.
- Mixed-used buildings with both multifamily and commercial spaces should apply to the program with the dominant use type, determined on a case-by-case basis.
- All existing buildings are subject to decommissioning of the existing fossil fuel system for the building’s space-heating scope of work.
- Common-area-only, scope-of-work projects are not eligible for Clean Heat incentives.
- Projects submitted must not have begun installation
Please read the Multifamily Clean Heat Program Manual (PDF) for full eligibility requirements.
2024 Limited Time Clean Heat Incentives
From January 1 to May 31st, 2024, there will be increased incentives for a limited-time for Multifamily Clean Heat projects.
To qualify, you must complete an application on or before May 31, 2024.
|
Description |
Category |
Base Rate |
Bonus Rate |
Total |
|---|---|---|---|---|
|
Description Multifamily Full Load ASHP Heating with Decommissioning |
Category 2C |
Base Rate $5,000/DU |
Bonus Rate $2,000/DU |
Total $7,000/DU |
|
Description Custom Full Load Space Heating Application |
Category 4 |
Base Rate $200/MMBtu |
Bonus Rate $25/MMBtu |
Total $225/MMBtu |
|
Description Custom Full Load Space Heating Applications + Envelope – Tier 1
Custom Full Load Space Heating Applications + Envelope – Tier 2 |
Category 4A |
Base Rate $200/MMBtu
$225/MMBtu |
Bonus Rate $25/MMBtu |
Total $225/MMBtu
$250/MMBtu |
|
Description Custom Domestic Hot Water (“DHW”) |
Category 6 |
Base Rate $200/MMBtu |
Bonus Rate $25/MMBtu |
Total $225/MMBtu |
|
Description Custom Partial Load Space Heating Applications |
Category 10 |
Base Rate $70/MMBtu |
Bonus Rate $25/MMBtu |
Total $95/MMBtu |
Project Installations Deadlines:
- Category 2c and 6 projects must be installed by October 1, 2024.
- Category4 and 4a projects must be installed by September 1, 2025.
- Category 10 projects must be installed by installed by September 1, 2025.
Abbreviation definitions: Air-source heat pump (ASHP). Central air-source heat pump (CCASHP). Ground-source heat pump (GSHP). Heat pump water heater (HPWH).
Projects are considered “Installed” when the entire heat pump system has been completely installed and is fully operational. Projects that do not meet these criteria will be eligible for the Base Incentive Rates.