Helping Businesses Leverage Green Technology
HEAT PUMPS
Dual Heating and Cooling Solution
Heat pumps are an energy- efficient, low-cost, solution with zoned temperature control preferences and minimal maintenance.
With a wide variety of choices, there’s a heat pump system that works for commercial and residential buildings of any size.
Heat pumps are three to four times more efficient than furnaces and help you lower your overall energy usage.
State and utility programs are offering rebates, financing options and tax reductions for installing heat pumps.
Available Rebates
NYSERDA and National Grid offer rebate programs for homeowners and business owners to convert their oil, propane, gas or electric-resistance systems to heat pump solutions.
Incentives are calculated using the heat pump system capacity (Btu/h) and baseline incentive for each type of project, and capped at 50% of the project costs, including equipment and installer fees.
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Total Heating Btu/h x Baseline $ Incentive = Total $ Incentive
Heat Pump incentives vary depending on many factors like type of heat pump (ground source or air source, ducted or non-ducted, etc.), brand, equipment size or capacity, baseline incentive and total project cost among others.
We can provide a free estimate detailing eligible rebate and project cost.
Financing Options
RESIDENTIAL
SMALL BUSINESS
including multifamily building owners, and not-for-profit organizations
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On-Bill Recovery Loan (OBR) - loan payments are paid as part of your utility bill
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Estimated average monthly energy cost savings must be greater than monthly loan payments to use the OBR loan
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You must own the home and be named on the utility account
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The home must be served by a participating utility, including: Central Hudson Gas & Electric, Con Edison, NYSEG, National Grid (Upstate NY customers only), and Rochester Gas & Electric.
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Smart Energy Loan - ​a traditional loan that you repay monthly via check or automatic payment (ACH)
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You must own the home or be an authorized representative of the property owner​
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Participation Loan -
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​NYSERDA partners with lenders across New York State to help small businesses, including multifamily building owners, and not-for-profits access financing for energy efficiency and renewable energy improvements
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NYSERDA provides 50% of a loan, up to $50,000, and the lender provides the rest of the loan
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On-Bill Recovery Financing - ​On Bill Recovery Financing makes it possible for small businesses, including multifamily building owners, and not-for-profits to use the savings on their energy bills to pay for their energy efficiency and renewable upgrades
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​Customers of the following utilities may be eligible: Central Hudson Gas & Electric, Con Edison, NYSEG, National Grid (Upstate NY customers only), and Rochester Gas & Electric.
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Benefits
All-in-one
Heat pumps are an all-in-one solution for both heating and cooling. Buildings use one system, rather than multiple, to maintain comfortable indoor climates year-round. As a result, heat pump solutions can potentially reduce your overall system footprint.
Clean Solution
Heat pumps don’t use fossil fuels as an input, high-efficiency heat pumps offer cleaner heating and cooling and emit fewer greenhouse gases than legacy HVAC systems. They are emissions-free and require no fuel storage, they are a cleaner, simpler solution year-round.
Flexibility
Heat pumps provide a comfortable environment by heating and cooling individual spaces or whole buildings. Zone control allows for greater control and more uniform temperature distribution. There are several different solutions available, so you can choose the heat pump technology that works best for you.