NYSERDA Featured Story
5.21.24 - NYSERDA: For the second consecutive year, heat pumps – an emission-free dual heating and cooling technology – beat out gas-powered furnaces in total units sold in the U.S. Americans bought 3,616,632 heat pumps in 2023, compared to 2,989,516 gas furnaces, according to data from the Air-Conditioning, Heating, and Refrigeration Institute [1].
In New York State, an estimated 85% of buildings will use clean heating cooling technologies, whether heat pumps or large-scale thermal energy networks that can serve multiple buildings.
How to Leverage State and Federal Savings to Switch to Heat Pumps
Heating and cooling represent half of energy consumption for the typical U.S. home. Making the switch to heat pumps isn’t just about energy savings – it’s also an investment in comfort, health, and the planet.
First, getting a no-cost home energy assessment can help identify necessary efficiency upgrades, such as insulation or air sealing, to maximize the efficiency and performance of a heat pump system. From there, consider how NYS Clean Heat rebates 
and IRA tax credits can help save money on a heat pump installation.
| Ground Source (Geothermal) Heat Pump | 30% of cost | Incentives: $7,000-$9,000 on average Tax Credit: 25% of cost, up to $5,000 |