NYS Clean Heat Rebate Program for Residential ASHP Upgrades and HPWHs

Air Source Heat Pumps (ASHPs):

  • The NYS Clean Heat program provides incentives for installing residential ASHPs for space heating and cooling.
  • Incentives are available to help offset the cost of purchasing and installing these energy-efficient systems.
  • The incentive amounts can vary based on the capacity and performance of the ASHP system.
  • For space heating projects, incentives are typically paid to Participating Contractors, who then pass the incentive (minus any Contractor Reward) to the customer.
  • There are limited-time promotional incentives for Residential ASHP in 2024.

Heat Pump Water Heaters (HPWHs):

  • The program also offers incentives for the installation of residential HPWHs.
  • HPWHs are highly efficient water heating systems that can significantly reduce energy consumption.
  • Incentives are available to encourage homeowners to switch to these more efficient water heating options.

General Program Details:

  • The NYS Clean Heat program is a collaboration between New York Electric Utilities and NYSERDA.
  • Projects must meet specific program requirements to be eligible for incentives, including equipment specifications and installation standards.
  • Con Edison’s program has specific details and funding limitations, such as a $10 million monthly expenditure limit. They also have sectoral allocations and monthly allocations for residential contractors.

Federal and State Tax Credits

  • The provided information primarily focuses on the NYS Clean Heat rebate program. It does not give specific details about federal or state tax credits.
  • However, it’s important to be aware that federal tax credits (potentially under the Inflation Reduction Act) and possible state tax credits may be available for installing energy-efficient heat pump systems.
  • To get the most accurate and up-to-date information on these tax credits, it is recommended to:
    • Consult with a tax professional.
    • Refer to official government resources, such as the IRS website for federal credits and the NY State government website for state credits.

Key Takeaways:

  • The NYS Clean Heat program offers rebates for both residential ASHP upgrades and HPWH installations.
  • These rebates aim to lower the upfront costs of switching to these energy-efficient technologies.
  • While the program provides rebates, separate federal and state tax credits may also be available.
  • It’s essential to research and understand the specific requirements and eligibility criteria of the NYS Clean Heat program and any potential tax credits.

Disclaimer: Tax laws and rebate programs can change. Always verify the latest information with official sources and professionals before making decisions.

For more information visit NYS website and Ut

 https://www.nyserda.ny.gov/PutEnergyToWork/Energy-Program-and-Incentives/Heating-Cooling-Ventilation-Programs-and-Incentives

 https://cleanheat.ny.gov/financing-options/

 https://cleanheat.ny.gov/find-available-rebates/

 https://cleanheat.ny.gov/inflation-reduction-act-tax-credits/

 https://www.coned.com/en/save-money/rebates-incentives-tax-credits/rebates-incentives-tax-credits-for-residential-customers/electric-heating-and-cooling-technology-for-renters-homeowners/save-on-a-central-air-source-heat-pump

For sample rebate and tax savings go one of the manufacturer’s website for detailed calculation

Schedule free estimate and rebate calculation email/ call LHS HVAC