NYSERDA Rebates &HVAC Incentivesfor NYC Homes & Buildings
Homes, apartment buildings, and businesses across NYC can save thousands on heat pumps and HVAC upgrades. We find your rebates, handle the paperwork, and take the discount right off your bill.
Con Edison
Participating Contractor
Real Savings for NYC Homes, Buildings & Businesses
Con Edison
Participating Contractor
NYSERDA
Qualified Contractor
Licensed & Insured
NYC & Tri-State
How Do Heat Pumps Actually Work?
Heat pumps aren't new — but the technology has changed dramatically. Today's systems work in temperatures that would have been impossible just 10 years ago.
The Simple Version
A heat pump moves heat instead of creating it. In winter, it pulls heat from the outside air and moves it inside. In summer, it does the reverse — pulls heat out of your home and sends it outside. It's an air conditioner that also heats. One system, year-round comfort.
“But Does It Work in the Cold?”
This is the #1 question we get — and the answer is yes. Older heat pumps struggled below 30°F. But modern cold climate heat pumps are completely different.
Today's systems use inverter-driven compressors and advanced refrigerants that keep producing heat down to -15°F and below. At 5°F — a typical NYC cold snap — a modern cold climate heat pump still runs at 80-100% capacity. These aren't the heat pumps your parents had.
Why NYC Is Perfect for Heat Pumps
NYC rarely drops below 10°F. That means a cold climate heat pump runs at full output for virtually the entire winter. Combine that with NYSERDA rebates covering a big chunk of the cost, and the math works out fast — most homeowners see lower energy bills from month one.
Available Rebate Programs
Whether you own a home, manage an apartment building, or run a business — there's a rebate program for you. Here's what's available right now.
Home Heat Pump Rebates
If you own a 1-4 unit home in NYC and switch to a heat pump, you can get up to $10,000 taken right off your bill. The more efficient the system and the older your current heating, the bigger your rebate. No checks to wait for — the discount is instant.
- 1-4 unit homes in NYC or Tri-State
- Con Edison, National Grid, or NYSEG account
- Bigger rebate when you replace oil or gas heating
Multifamily Building Rebates
Apartment buildings get the biggest incentives. A 20-unit building switching to heat pumps could receive $100,000–$140,000 or more in rebates. Incentives are paid per dwelling unit, so larger buildings save more. You can also add $1,000/unit for heat pump water heaters.
- Buildings with 5 or more units
- Con Edison electric account required
- Must replace or disable fossil fuel heating for full amount
Commercial & Small Business Rebates
Businesses can get major rebates on heat pumps, VRF systems, and efficient HVAC upgrades. Small businesses under 300 kW demand get their own program with up to $200,000 per project. Some NYC neighborhoods qualify for even higher coverage — up to 100% of project cost.
- Any commercial property with Con Edison account
- Small businesses under 300 kW demand
- Restaurants, offices, retail, nonprofits all qualify
Heat Pump Water Heater Rebates
Replace your old water heater with a heat pump water heater and get an instant $1,000 rebate. These systems use up to 70% less energy than standard tanks. For multifamily buildings, the rebate is $1,000 per unit on top of your heating rebates.
- Residential homes and apartments
- Con Edison electric account
- ENERGY STAR certified units
EmPower+ Income Assistance
If your household income is at or below 80% of the Area Median Income, you may qualify for free or heavily discounted energy upgrades. This includes a free home energy assessment, insulation, air sealing, and enhanced rebates on heat pumps — sometimes covering the full cost.
- Household income at or below 80% AMI
- Homeowners and renters both qualify
- 1-4 family homes in New York State
Multifamily buildings get the most money. A 20-unit building can qualify for $100,000\u2013$160,000+ in combined rebates. The bigger the building, the bigger the savings.
Who Qualifies?
Almost everyone. If you own a home, manage a building, or run a business in NYC — chances are you qualify for at least one rebate program.
Homeowners (1-4 Units)
You own a house, condo, or small multi-family home in NYC or the Tri-State area.
- Up to $10,000 off heat pump installation
- $1,000 off heat pump water heaters
- Higher rebates if you replace oil or gas
- No minimum income requirement
Multifamily Buildings (5+ Units)
You own or manage an apartment building with five or more units.
- Up to $7,000 per unit for heat pumps
- $1,000 per unit for HP water heaters
- Project cap up to $1 million
- Local Law 97 compliance credits included
Commercial & Small Business
You own or operate a business, restaurant, office, or retail space.
- Up to $200,000 per project (small biz)
- Custom incentives based on energy saved
- Some NYC neighborhoods get up to 100% covered
- Restaurants, retail, offices, nonprofits all qualify
Income-Eligible Households
Your household earns at or below 80% of the Area Median Income.
- Free home energy assessment
- Insulation and air sealing at no cost
- Enhanced heat pump rebates (25-40% more)
- Some upgrades fully covered by EmPower+
You Can Stack Multiple Incentives
Many of these programs can be combined. That means you don't have to pick one — you can layer them together to maximize your total savings.
We help you identify every rebate, credit, and assistance program available for your specific property. Most people leave money on the table because they don't know what they qualify for.
Get My Free Rebate EstimateRebate Questions & Answers
Common questions about NYSERDA rebates, HVAC incentives, and how the process works for homes, apartment buildings, and businesses in NYC.
What NYSERDA rebates are available for heat pumps in NYC?
Homeowners with 1-4 unit homes can get up to $10,000 in instant rebates through the NYS Clean Heat program. Multifamily buildings (5+ units) can receive up to $7,000 per dwelling unit. The rebate is taken directly off your invoice — no checks to wait for.
How much can a multifamily building save?
A lot. The rebate is up to $7,000 per unit for heat pumps, plus $1,000 per unit for heat pump water heaters. A 20-unit building could receive $140,000+ in incentives. The project cap is $1 million or 50% of project costs, whichever is lower.
Are restaurants and commercial businesses eligible?
Yes. Commercial properties qualify through the Con Edison C&I Clean Heat program. Small businesses under 300 kW demand can receive up to $200,000 per project. Some NYC neighborhoods qualify for incentives covering up to 100% of project cost.
Do I have to apply for the rebate myself?
No — as a NYSERDA-qualified contractor, Gotham HVAC handles the entire application process. Your rebate is applied as an instant discount on your invoice. No forms to fill out, no checks to wait for.
What is EmPower+ and do I qualify?
EmPower+ is NYSERDA’s program for lower-income households. If your household earns at or below 80% of the Area Median Income, you may get free home energy assessments, insulation, and enhanced heat pump rebates — sometimes covering the full project cost.
Do mini-split systems qualify for rebates?
Yes — ductless mini-splits are one of the most common systems that qualify. Both single-zone and multi-zone systems are eligible when they meet cold climate performance standards. We install mini-splits across all five boroughs.
What is Local Law 97 and how do rebates help?
Local Law 97 requires NYC buildings over 25,000 sq ft to meet emissions limits or face annual penalties. Switching to heat pumps reduces your building’s emissions and earns compliance credits. Heat pump installations through 2026 earn double credits.
Can I combine multiple rebate programs?
Yes — NYSERDA rebates stack with Con Edison utility incentives, Local Law 97 compliance credits, and EmPower+ income assistance. We help you identify and claim every dollar available for your property.
How long does the rebate process take?
The rebate is instant — it comes right off your invoice on installation day. There’s no separate waiting period. We complete all the paperwork before and during your project so you don’t have to worry about it.
What areas do you serve?
We serve all five NYC boroughs — Manhattan, Brooklyn, Queens, Bronx, and Staten Island — plus Lower Westchester and Long Island. Rebate amounts may vary by your utility provider and location.
Don't Leave Money on the Table — Check Your Rebate Eligibility
Most NYC homeowners and building owners qualify for at least one program. Let us find every dollar available for your project — it's free to check.