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NYSERDA·New York

New Efficient Homes New York: Heat Pump Incentive Program

Closes 12/14/2029$50k – $300kGrants NoticeLogin required
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Description

Description of goods to services to be bid: Provides direct funding from the Regional Greenhouse Gas Initiative Operating Plan for the purchase and installation of cold-climate air source heat pumps (ASHPs) and ground source heat pumps (GSHPs) in eligible new construction residential projects across New York State for projects that are less than 50,000 square feet in size. Incentives are available to single-family and small homes (1-4 dwelling units) and low- and mid-scale multifamily buildings (5+ units, under 50,000 gross feet) located anywhere in New York State. The Applicant is the developer or home builder responsible for the management and construction of an eligible Project; or the heat pump installer may fill the application as elected by the Applicant.Projects must fully electrify space conditioning with no fossil fuel backup (standby / emergency generators excepted). Incentives are paid per dwelling unit on a declining block schedule tied to application submission date, with an additional per-unit bonus for projects located in New York State disadvantaged communities. If changes are made to this solicitation notification will be posted on NYSERDA’s website at:www.nyserda.ny.gov/funding-opportunities Eligibility/Qualifications Requirements/Preferences: Eligible buildings include existing or planned single family, small home (1-4 dwelling units), and low-to mid-scale multifamily (5+ units, under 50,000 sqare feet) residential projects located anywhere in New York State. Paying into the Systems Benefits Charge on either electric or natural gas utility bill is not a requirement of the program. Projects must fully electrify space heating and cooling with no fossil fuel backup, and equipment must meet NEEP cold climate air source heat pump or Energy Star geothermal heat pump specifications. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 0.00% Minority / Women Business Enterprise contracting goals (MWBE) MBE Goal: 0.00% WBE Goal: 0.00% Disadvantaged Business Enterprise contracting goals (DBE) DBE Goal: 0.00%

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Gwen McLaughlin(Project Manager)

[email protected]

(212) 971-5342

Key dates

Opened
9/28/2026
Closes
12/14/2029

Last updated

Details

Type
Grants Notice
Industry
Construction
NAICS
238220
Solicitation №
PON 6242

Budget estimate

$50,000 – $300,000

Based on NYSERDA’s typical heat‑pump rebate levels (approximately $5,000‑$10,000 per dwelling unit) and the program’s per‑unit structure, a small‑scale project (e.g., 10‑20 units) could receive $50,000‑$200,000 in incentives. Larger multifamily projects (up to the 50,000 sf cap) could generate budgets in the $250,000‑$500,000 range, especially if located in disadvantaged communities that qualify for additional bonuses. Thus, a reasonable estimate for most applicants falls between $50,000 and $300,000, depending on unit count and bonus eligibility.

AI estimate from the solicitation

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