Geothermal Incentives for Commercial and Multifamily Buildings
Receive incentives for the installation of geothermal heat pumps in commercial and multifamily buildings.
About Geothermal Heat Pumps
Geothermal (also known as ground source) heat pumps transfer heat stored in the earth into your building during the winter and transfer it back into the ground during the summer. These systems can also be configured to provide your building with domestic hot water.
Geothermal heat pumps transfer heat into your building during cold winter months and then remove heat during summer to keep your space cool.
Installation Incentives
If you’re a Commercial and Industrial or Multifamily Con Edison customer, you may be eligible for incentives to save on geothermal heat pump installations based on the following rates:
Custom Incentive Rates
Prescriptive Incentive Rates (Multifamily only)
1. Refer to the Con Edison Commercial & Multifamily Geothermal Heat Pump Program Manual for more details on minimum envelope improvement thresholds and other program requirements.
2. All projects are subject to a total incentive cap of $1,000,000, or 50% of total project cost, whichever is lower.
Thermal Conductivity Testing Incentives
Thermal conductivity testing is used to determine the thermal properties of the subsurface prior to the final design and installation of large geothermal heat pump systems.
Prospective geothermal heat pump projects may be eligible to receive a thermal conductivity testing incentive of up to $40,000, or 50% of applicable project costs, whichever is lower. The recipient must be eligible for Con Edison Clean Heat program incentives.
Resources
- Find an approved contractor from our list.
- View the Con Edison Heat Pump Program Manual for all requirements and conditions.
- For more information on air-source heat pump incentives, visit our Commercial and Industrial and Multifamily pages.