Heat Pumps/Clean Heat Incentives

Ground-Source Heat Pump

1) Central Hudson/Clean Heat Rebate: 

- Up to $2,000 per 10,000 Btuh of full load AHRI capacity. $500 of total incentive may be allocated to the contractor.

2) Federal Tax Credit:  

- 30% off the total cost of the GSHP system for homeowners.

- 10% off the total cost of the GSHP system for businesses.  

3) New York State Residential Tax Credit:  

- 25% off installation expenses (up to $5,000 and for residential only). 

Compare Estimated Costs and Savings
 
GSHP
(All figures are estimates, shown for sample purposes only. Rebate amounts subject to change.)

GSHP and Installation for Home $55,000*
Central Hudson/Clean Heat Rebate You must use a certified clean heat contractor to receive the rebate. (45,500 Btuh) -$9,100
Federal Tax Credit -$16,500
NYS Residential Geothermal Heat Pump Tax Credit You must use a certified clean heat contractor to receive the rebate. -$5,000
Total Estimated Cost $24,400
Estimated Annual Savings $1,500

*Cost varies with region, installation complexity, installer, system size and manufacturer. Work with a certified clean heat contractor to determine what size unit you will need for your home or business. **$500 may be allocated to the contractor.  ***Efficiency calculated by comparing heating performance of an ENERGY STAR-certified closed loop water-to-air geothermal heat pump to an ENERGY STAR-certified oil furnace.

Air-Source Heat Pump

1) Central Hudson/Clean Heat Rebate (Whole Home/Building): 
All whole home incentives require heat pump to be the primary heating source.

- Up to $1,000 per 10,000 Btuh if removing your oil tank or previous fossil fuel heating source. 

- Up to $700 per 10,000 Btuh if installing advanced controls that turn on existing fossil fuel systems as backup or second stage heating. 

- Up to $500 per 10,000 Btuh of heating capacity if not removing your oil tank or previous fossil fuel heating source.

Example 1

A 1,600 square-foot building with modern building code practices and average to better insulation could require a heat load of 40,000 Btuh, which would equate up to a $4,000 Central Hudson/Clean Heat incentive.* $500 of total incentive may be allocated to the contractor.

Example 2

A 2,500 square-foot building with modern building code practices and average to better insulation could require a heat load of 62,500 Btuh, which would equate up to a $6,250 Central Hudson/Clean Heat incentive.* $500 of total incentive may be allocated to the contractor.

*Based on removing oil tank or previous fossil fuel. Many factors go into determining the proper heat load/air-source heat pump size for your home/building, including age, amount of wall and attic insulation, number of windows, attic fans, etc. The above examples are not exact depictions. If your house/building has less insulation and more windows, it may require a larger heat load/air-source heat pump. Work with a certified clean heat trade ally to determine what size unit you will need for your home or business.

2) Central Hudson Clean Heat Rebate (Partial Home/Building): 

- $100 per outdoor condenser.  

3) Tax Incentives: 

- Check with your tax advisor for current New York State tax incentives for clean heat upgrades

 
Compare Estimated Costs and Savings

ASHP

(All figures are estimates, shown for sample purposes only. Rebate amounts subject to change.)

ASHP and Installation in 2,500 sq. ft. home $14,000*
Central Hudson/Clean Heat Rebate. You must use a certified clean heat contractor to receive the rebate. -$6,250**
New York State Tax Credit
(Check with your tax advisor for current tax incentives.)
-   $300
Total Estimated Cost $7,450
Estimated Annual Energy Savings     $900 (up to)***

*Rebate amount based on removing your oil tank or other fossil fuel heating source. Cost varies with region, installation complexity, installer, system size and manufacturer. Work with a certified clean heat contractor to determine what size unit you will need for your home or business.*$500 may be allocated to the contractor. Check with your tax advisor for current tax incentives. ***Efficiency calculated by comparing heating performance of a Northeast Energy Efficiency Partnership (NEEP)-certified air-source heat pumps to an ENERGY STAR-certified oil furnace.

Which Heat Pump is Right for Me?

How to Get Your Central Hudson Air- and Ground-Source Heat Pump Rebate

1) Choose a contractor who is certified with the NYSERDA Clean Heat Program. Your contractor will work with you to determine the size of the unit you need and the total rebate. For air- and ground-source heat pumps, a certified contractor must intall the systems to be eligible for rebates. 


2) Have your contractor complete the rebate application. 


3) Allow five to seven weeks after submission to receive your rebate check in the mail. 

Flexible low-interest financing options are available through New York State for heat pump technology including the On-Bill Recovery Loan, Smart Energy Loan, Renewable Energy Tax Credit Bridge Loan and the Companion Loan. 

 

 

Electric
 Heat Pump Water Heater 

1) ENERGY STAR Certified: $1,000 instant or mail-in rebate.

How to Get Your Central Hudson Electric Heat Pump Water Heater Rebate

1) Find certified ENERGY STAR heat pump water heaters here.
2) Claim your instant rebate by visiting CentralHudsonRebates.com. Your rebate will be sent via text messaging and can be redeemed at checkout at the retailers listed below. Or, scan the QR code located in-store for the instant rebate code. 
- Lowe's (in-store or online)
- The Home Depot (in-store only) OR
3) Fill out the rebate form found on this page and email or postal mail with a copy of your sales receipt. Allow five to seven weeks after submission to receive your rebate check in the mail OR
4) 
You may be able to work with your contractor, if using one, to receive your rebate. 
5) $300 federal tax credits are available. Check with your tax advisor for details.  

Note: A certified clean heat trade ally/contractor does not need to install this appliance to be eligible for the rebate. 

Flexible low-interest financing options are available through New York State for heat pump technology including the On-Bill Recovery Loan, Smart Energy Loan, Renewable Energy Tax Credit Bridge Loan and the Companion Loan.