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 Pump Incentives
Geothermal heat pumps transfer heat into your building during cold winter months and then remove heat during summer to keep your space cool.
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:
|
Measure Description |
Category |
New Construction |
Existing Buildings |
|---|---|---|---|
|
Measure Description Custom Space Heating Applications |
Category 4 |
New Construction $125 |
Existing Buildings $200 |
|
Measure Description Custom Space Heating Applications & Envelope-Tier 11 |
Category 4A |
New Construction $125 |
Existing Buildings $200 |
|
Measure Description Custom Space Heating Applications & Envelope-Tier 22 |
Category 4A |
New Construction $150 |
Existing Buildings $225 |
|
Measure Description Custom Hot Water Heating Applications |
Category 6 |
New Construction $125 |
Existing Buildings $200 |
[1] To be eligible for Tier 1, existing buildings must lower their dominant load by at least 5%, while buildings undergoing a gut rehab or new construction must exceed applicable code, whichever is more stringent, by at least 5%.
[2] To be eligible for Tier 2, existing buildings must lower their dominant load by 30% from existing conditions, while buildings undergoing gut rehabs or new construction must exceed the relevant code, whichever is more stringent, by 10%.
|
Measure Description |
Category |
New Construction |
Existing Buildings |
|---|---|---|---|
|
Measure Description Multifamily Space Heating Applications |
Category 3a |
New Construction $2,000 |
Existing Buildings $5,000 |
|
Measure Description Prescriptive Hot Water Heating Applications |
Category 6a |
New Construction $1,000 |
Existing Buildings $1,000 |
Incentives will be capped at $1 million per project or 50% of project costs, 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.
Find a Contractor
Select an approved contractor for your project from our list.
Resources
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.