Tax Credits & Incentives

Residential Customers with a cap of $5,000

In the NYS Budget passed in April of 2022, a NYS Income Tax Credit of 25% with a cap of $5,000 was put in place for qualified residential geothermal heat pump systems. To be eligible the residence needs to be in NYS and is the taxpayer’s primary residence at the time the geothermal energy system is placed in service.

Electric Utility Programs

The rebate amount available to each project depends on the project size and the heat pumps capacity. Typical residential projects get $1,500 per 10,000 BTU of the heat pump capacity. So a typical 4 ton residential system will qualify for about $6,000. Rebates are mailed directly to the homeowner with 6-8 weeks of project completion. 

Residential Gas Rebates

Save energy at home with natural gas space and water heating rebates. Older equipment uses more energy to run and keep you comfortable. New equipment can reduce your natural gas usage and help decrease your utility bills. Rebates are available for furnaces, boilers, combination boiler-water heater, energy recovery ventilators (ERV), and smart thermostats.