Estimate the costs and potential savings of converting your home’s primary heat from propane, fuel oil, natural gas or electric baseboard to an air source heat pump, geothermal or natural gas. Select or input the appropriate values to each numbered field below and then click the “calculate” button.
You may overwrite the total upfront cost field with a quote from your contractor.
1. Primary heating source?
2. What do you want to switch to?
|Air Source Heat Pump (Ductless)||Air Source Heat Pump (Ducted Unit)||Geothermal||Natural Gas|
|Total Upfront Cost ($)|
|NYSERDA Incentive ($)|
|Central Hudson Incentive ($)|
|Federal Tax Credit ($)|
|Rate Impact Credit ($)|
|Total Incentives ($)|
|Net Conversion Costs ($)|
|Current Annual Fuel Costs ($)|
|Future Annual Fuel Costs ($)|
|Annual Fuel Savings ($)|
|Return on Investment (Years)|
|Annual Carbon Savings||
|Learn More about Air Source Heat Pumps||Learn More about Air Source Heat Pumps||Learn More about Geothermal||Learn More about Natural Gas|
This free calculator is provided as a reference tool and is intended to estimate costs and savings based on current
rates and customer supplied inputs. Actual costs and savings may vary and are highly dependent on a range of factors
including, but not limited to: vendor, home construction, terrain composition, incentive eligibility,
age of existing system, efficiency of selected system, etc.
This tool uses simplified assumptions based on information from the following sources: Heat Pumps Potential for Energy Savings in New York State – NYSERDA Report, Gas Conversion Customer Proposals (Adjusted from Trade Ally Estimates), Ground Source Heat Pump Rebate – NYSERDA, Residential Renewable Energy Tax Credit – ENERGY.GOV, Emissions & Generation Resource Integrated Database (eGRID) – US EPA, NY Technical Resource Manual, Version 6