New York Heat Pump Projects May Qualify for $5,000/ton
Published on: December 9, 2024
ConEdisons 2025 Heat Pump Incentives Tops $5,000 per ton!
As part of New York’s drive toward cleaner energy and reduced carbon emissions, ConEdison’s 2025 Clean Heat Program is offering up to $5,000 per ton in incentives to offset the cost of heat pump installations for qualifying projects. The program supports air-cooled heat pumps and, excitingly, now includes heat pump recovery chillers as well. For property owners and businesses looking to save energy costs while reducing environmental impact, this is a golden opportunity to upgrade their HVAC systems.
What is a Heat Pump?
A heat pump is an energy-efficient system that provides both heating and cooling. Unlike conventional furnaces or air conditioners that generate heat or cool air, a heat pump transfers heat from one place to another using electricity.
In winter, it extracts heat from the outside air and moves it into your building.
In summer, it reverses the process, removing heat from your building and releasing it outside
The secret to a heat pump’s efficiency lies in its ability to transfer heat instead of generating it. Traditional systems burn fuel or use electrical resistance to create heating or cooling, which is energy-intensive and costly. Heat pumps leverage the heat already present in the air, requiring far less energy.
This process can save up to 50% on heating and cooling costs, making heat pumps an attractive solution for energy-conscious businesses and building owners.
In winter, it extracts heat from the outside air and moves it into your building.
In summer, it reverses the process, removing heat from your building and releasing it outside
Understanding COP (Coefficient of Performance)
The Coefficient of Performance (COP) measures the energy efficiency of heat pumps. It’s the ratio of heating or cooling output to the electrical energy input.
For example: A COP of 4 means that for every 1 unit of electricity consumed, 4 units of heating or cooling are produced.
Traditional systems typically have a COP of less than 1. Heat pumps, by contrast, often achieve COPs of 3 to 5, making them significantly more efficient.
ConEdison’s Clean Heat Program incentivizes systems that deliver exceptional energy efficiency and carbon reduction:
Cold-Climate Air-Cooled Heat Pumps or ccHP’s are made to operate down to -4 degF outside air in heating mode. Compare ccHP’s to legacy heat pumps which switch to electric heating when outdoor air temperatures drop below 20 degF.
Heat Pump Recovery Chillers A major addition to the program, recovery chillers use the heat generated during cooling processes for space heating or hot water, effectively reducing energy waste and costs.
By leveraging ConEdison’s incentives, businesses can reduce installation costs and accelerate the payback period on heat pump projects.
How LC Associates Generates Millions for Our Customers
At LC Associates, we specialize in maximizing energy efficiency incentives for businesses. Through innovative solutions, detailed engineering, and incentive program expertise, we generate millions of dollars annually for our clients by:
Identifying opportunities for high-efficiency HVAC systems and upgrades.
Navigating incentive programs like ConEdison’s Clean Heat Program.
Designing and implementing energy-efficient solutions to deliver measurable savings.
Our comprehensive approach ensures clients achieve lower energy bills, reduced carbon footprints, and access to maximum financial incentives.
Why Upgrade Now?
Significant Financial Incentives: Up to $5,000 per ton of installed heat pump capacity.
Energy Cost Savings: Heat pumps reduce operational costs by transferring heat instead of generating it.
Sustainability Goals: Align with New York State’s clean energy initiatives.
Limited Time Available: These high incentive rates won’t last. Incentive rates drop or disappear as more and more buildings convert to cold climate heat pumps.
Get in touch and let us secure your cash funding.
Time Is Running Out
These Incentives may be reduced as more an more buildings adopt to cold Climate Heat Pumps
ConEdison’s 2025 Clean Heat Program is a game-changer for businesses looking to upgrade HVAC systems with heat pumps. With substantial incentives, the addition of heat pump recovery chillers, and the unmatched efficiency of heat pumps, now is the time to take action.
Partner with LC Associates to navigate the program, access maximum funding, and achieve long-term energy savings. Contact us today to start your clean energy journey!