Everything you need to know about NYSEG’s heat pump incentives

At a glance: 

• NYSEG is rolling out new heat pump rebate incentives for their electric and combination electric/natural gas customers.
• Mini-splits, ground-source heat pumps, and air-to-water heat pumps are all eligible. 
• Most homeowners will receive $5,400-$6,600 in rebates from NYSEG just by switching to a heat pump, plus other credits and incentives that the experts at Tetra can help you find.

If you’re looking to upgrade your home’s HVAC system, NYSEG’s new heat pump incentives could be the perfect opportunity to save on the cost of your new system and on your monthly power bill. NYSEG’s rebates offer a variety of options as far as the type of system and the level to which you plan to decommission your current fossil fuel system. In this article we’ll guide you through the eligibility criteria, the types of rebates available, and how to get your upgrade process started. 

Let’s get into the details:

Who is eligible: All NYSEG/RG&E electric customers or combination natural gas and electric customers who replace their existing furnace, boiler, or water heat with an eligible heat pump. Natural gas only customers are not eligible at this time. 

What kinds of heat pumps are eligible for rebates?: Everything from mini-split heat pumps, to air-to-water heat pumps, to ground-source heat pumps. For the complete list of eligible heat pumps, check out this resource. 

Rebate amounts based on your system size

Part of your rebate depends on the size of your system which is measured in BTUs that your system generates. NYSEG offers $1,200 for every 10k of BTUs. A typical heat pump through Tetra generates between 45k to 55k BTUs, which comes out to around $5,400 to $6,600 in rebates. That’s in addition to the rebate amounts that you will save on the purchase of your system. 

{{banner-blog-rebates}}

NYSEG offers $800/ 10,000 BTU rebate if you decide not to decommission your current fossil fuel system. 

NYSEG Air-to-Water & Ground source Heat Pump rebates: 

NYSEG also offers heat pumps for Air to Water and Ground source You can earn a rebate of $800 per 10,000 BTUwith an air-to water heat pump or $1500 per 10000 BTU for a ground source heat pumps.

‍

How to get started‍

All you have to do is contact a participating contractor and they can help you choose the best system for your home and lead the installation project. Luckily, Tetra is one of those participating contractors and has plenty of experts waiting to help you kick off your project.

‍Schedule your free consultation today to get a free virtual estimate and all the advice you need.