Grants and incentives
How to apply for New York heat pump grants: a step-by-step homeowner's & pro's guide
...NYS Clean Heat Utility Rebate
Full-load retrofit rebate applied upfront by contractor
$27,000
NYS Geothermal State Tax Credit
25% state tax credit claimed on annual returns
$17,000
Federal Section 25D Credit
30% federal tax credit calculated after utility deduction
$11,900
Crucial accounting note: Tax credits ar...