NYC HVAC Rebate Calculator
Estimate your Con Edison Clean Heat rebate, federal tax credits, and commercial incentives for a heat pump, mini split, VRF, or geothermal project in NYC. Answer five questions, see a live number.
Your project
Default suggested for this building type.
Your estimated stack
LiveCon Ed Clean Heat: Option 1 (Full Replacement)
Utility Rebate
$8,000
Option 1 base. Capped at 70% of project cost. Source →
Federal Section 25C: Energy Efficient Home Improvement Credit (Heat Pumps)
Federal Tax Credit
$2,000
30% of cost, capped at $2,000/yr. Non-refundable. Source →
NYS Clean Heat Loan (On-Bill / Smart Energy)
State Loan / Financing
See note
Low-interest financing up to $25,000 residential. Not cash back. Source →
This is an estimate. Your participating contractor confirms the exact rebate after a site survey. Federal tax credits require sufficient tax liability and coordination with your CPA.
How to read this
- Con Ed Clean Heat rebates deduct from your invoice after install and post-inspection.
- Federal 25C and 25D are tax credits, claimed on IRS Form 5695 in the tax year the system is placed in service.
- Commercial depreciation numbers are rough cash-value equivalents at a 21% rate. Your CPA confirms real tax impact.
- Multifamily per-dwelling-unit rebates scale with unit count. Contractor confirms the unit count on the application.
Estimator only. Not a binding quote. Not tax advice. Numbers reflect published program terms as of 2026 and change with reauthorization. Participating contractor confirms final rebate amounts. Consult your CPA for federal and state tax positions.