Save Thousands with Geothermal Heat Pumps
Receive up to $25,000 when you install renewable geothermal heating and cooling technology, or up to $35,000 if you live in a Disadvantaged Community.*
About
Ground-source heat pumps (also known as geothermal heat pumps) transfer heat from the earth into your building during winter to heat it, and out during summer to cool it.
Incentives
|
Program |
Details |
Total Savings |
|---|---|---|
|
Program Con Edison Rebate |
Details Amount deducted from final bill when you convert |
Total Savings $25,000* * |
|
Program Con Edison Dis-advantaged Community Rebate |
Details Amount deducted from final bill when you convert |
Total Savings $35,000** * |
|
Program Tax Credit |
Details Deductions made on your personal tax return**** |
Total Savings Save tens of thousands |
** Or 50% of total project cost, whichever is lower.
*** Or 70% of total project cost, whichever is lower.
**** Amount will depend on multiple factors, including tax liability, please consult a tax expert.
*** Or 70% of total project cost, whichever is lower.
**** Amount will depend on multiple factors, including tax liability, please consult a tax expert.
Get Started
Step 2
Your contractor recommends the proper equipment and completes the work.
Step 3
Your rebate is subtracted from the final invoice.
Geothermal has three main components
- A ground loop, which consists of pipes buried in the ground that circulate water to absorb heat from or release heat into the surrounding soil
- Heat pumps, which use a refrigerant to transfer energy from the ground loop into your home (or vice versa)
- Ductwork, which distributes heated or cooled air throughout your home
Frequently Asked Questions