Incentives for Multifamily Building Electrification
Receive tens of thousands of dollars in incentives to upgrade your 5+ unit building with efficient heat pump technology.
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Be comfortable all year-round with heat pumps—the latest in efficient heating and cooling technology. Find the right one for you and your building.
Incentives for all eligible building electrification technologies—including, but not limited to, central air-source heat pump, ductless mini-splits, variable refrigerant flow heat pumps, and air-to-water heat pump water heaters—are available
Market Rate Building Electrification Measures (MFEEP-E)
Market rate incentives will be capped at $1 million per project or 50% of project costs, whichever is less
Affordable Housing Building Electrification Measures* (AMEEP-E)
Incentives will be capped at $1 million per project or 85% of project costs, whichever is lower.
Eligibility
- You must own or manage a residential multifamily building with 5+ residential units and have an eligible Con Edison electric account.
- New construction space heating applications are only eligible for geothermal heat pump (GSHP) incentives, not air source heat pump (ASHP) incentives. Heat Pump Water Heaters (HPWH) for Domestic Hot Water (DHW) incentives are available to new construction and existing building projects.
- Mixed-used buildings with both multifamily and commercial spaces can 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, with the exception of Phase Load Electrification projects.
- Common area-only projects are not eligible for Clean Heat incentives.
- Projects submitted must not have begun installation.
- All building electrification projects need to be considered service adequate by Con Edison Energy Services before any incentive payment will be released. For more information on the Service Adequacy process, please refer to the Service Adequacy One Pager and the Con Edison Blue Book.
Please read the Program Manual (PDF), Technical and Inspections Guide (PDF), and Building Electrification Technical Guide (PDF) for full eligibility requirements.
Resources
Reference these detailed guides and use these tools to complete your application and calculate details for your projects:
Frequently Asked Questions
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.
*ASHP categories 6 and 6A are now available for both new construction and existing buildings.
**Incentives are offered subject to program rules and available funding.