save thousands On A New HVAC System
Federal Tax Credits, Incentives, And New York State Subsidiaries For Energy Efficient Heat Pumps
What programs are available to residential homeowners on Long Island?
We know that high-efficiency heat pump systems can dramatically reduce your energy usage and help you save money on your heating and cooling bills. And right now, there are federal tax credits and state incentives available to help pay for the installation of your new HVAC system.
PSEG Long Island Home Comfort Plus
Save up to $11,000 on a whole home heat pump project.
Upgrading to a new heat pump is a fast, easy, and affordable experience with the home comfort plus rebate.
| Whole-House Projects (Market Rate) | |
|---|---|
| Total Project Heating Tons* | Customer Rebate** |
| Ton 1 | $1,000/12,000 heating BTU @ 17°F Rated |
| Ton 2 | $1,000/12,000 heating BTU @ 17°F Rated |
| Ton 3 | $1,000/12,000 heating BTU @ 17°F Rated |
| Ton 4 | $1,000/12,000 heating BTU @ 17°F Rated |
| Ton 5 | $500/12,000 heating BTU @ 17°F Rated |
| Ton 6 | $500/12,000 heating BTU @ 17°F Rated |
| Whole-House Projects (Income Eligible Rate) | |
|---|---|
| Total Project Heating Tons* | Customer Rebate** |
| Ton 1 | $4,000/12,000 heating BTU @ 17°F Rated |
| Ton 2 | $3,000/12,000 heating BTU @ 17°F Rated |
| Ton 3 | $2,000/12,000 heating BTU @ 17°F Rated |
| Ton 4 | $1,000/12,000 heating BTU @ 17°F Rated |
| Ton 5 | $500/12,000 heating BTU @ 17°F Rated |
| Ton 6 | $500/12,000 heating BTU @ 17°F Rated |
* For the purpose of this table, "Tons" is referring to Heating BTUh based on AHRI 17F Rated data.
** Rebates are based on Total Heating Capacity
NYS Clean Heat Program
Save up to $2,000 on qualifying heat pump systems.
Take advantage of New York State's Clean Heat Program to receive rebates on new heat pump system installations. These rebates will help to lower your energy bills while ensuring your home is at its maximum comfort all year. Modern heat pumps are designed to be a cleaner heating and cooling solution, without burning fossil fuels like oil, propane, or natural gas.
Con Edison customers may receive thousands of dollars off qualifying heat pump system installations. These rebates will be deducted from the installation cost, so you won’t need to wait for a rebate check.
Inflation Reduction Act
Save up to $2,000 on heat pumps and up to $600 on furnaces, boilers, and central air conditioning.
Under the Inflation Reduction Act of 2022, federal income tax credits for energy-efficiency home improvements will be available through 2032.
Which Systems Qualify:
Heat Pumps claim up to $2000
Central AC claim up to $600
Furnace claim up to $600
Boilers claim up to $600
PSEG Long Island Heat Pump Rebates
Save $250 on a qualifying heat pump system.
PSEG Long Island offers valuable rebates on a variety of compact ENERGY STAR® rated models.
$250 qualifying heat pump rebate application – For units installed on or after 1/1/2024
$250 qualifying heat pump rebate application – For units installed between 9/16/2023 – 12/31/2023
*Additional rebates by project type and eligibility requirements
Why Choose To Install A New Heat Pump?
- Heating and Cooling: A heat pump can heat and cool your home. If you are looking to replace both your home’s heating and air conditioning systems, a heat pump is a great way to achieve year-round comfort.
- Versatile Installation: Heat pumps are available in both ducted and ductless configurations.
- Increased Energy Efficiency: If your current system is more than 10 years old, it likely requires more energy to operate, therefore higher energy bills
- Home Additions: If you have added to the space in your home, heat pumps can help to ensure balanced, even cooling and heating throughout your home.
How can i claim these credits?
Want to take advantage of these incredible heat pump incentives and other money-saving solutions? T.F. O'Brien is ready to help! Contact us today to learn more about how you can enjoy better comfort - and save money at the same time.
Just give us a call at (516) 488-1800 or contact us online today!
