New Efficient Homes New York: Heat Pump Incentive Program

The New Efficient Homes New York Heat Pump Incentive Program provides direct funding to developers, home builders, or heat‑pump installers for the purchase and installation of cold‑climate air‑source (ASHP) or ground‑source (GSHP) heat pumps in eligible new‑construction residential projects under 50,000 sf. Incentives are paid per dwelling unit on a declining schedule, with an additional bonus for projects located in disadvantaged communities. Applicants must fully electrify space‑conditioning, meet product‑list requirements, and comply with extensive documentation, insurance, and record‑keeping obligations. The program is administered on a rolling basis, with a final submission deadline of 14 Dec 2029. • Eligible projects: single‑family (1‑4 DU) and low‑/mid‑scale multifamily (≥5 DU, < 50,000 sf) new construction, gut‑rehab, or adaptive‑reuse across New York State. • Incentive amounts: ASHP $4‑6 k per DU (Year 3‑Year 1) and GSHP $9‑15 k per DU (Year 3‑Year 1); plus $1 k DAC bonus per DU; capped at 35 % of equipment cost. • Payment schedule: 60 % upon equipment purchase, 40 % upon installation; all deliverables must be submitted within 30 days of each milestone and within 1 year of award (or 1 month after installation). • Mandatory compliance: full documentation (permits, load calculations, product cutsheets, name‑plate photos), $1 M insurance, record retention for contract term + 3 years, and adherence to NY labor, non‑discrimination, and FOIL requirements.