NY Companies Installing Ground Source Heat Pumps Could Get a Piece of $15M in Rebates

New York businesses and institutions have the chance to get a piece of $15 million in rebates that is being made available to those that install ground source heat pumps. The initiative is being launched by the New York State Energy Research and Development Authority (NYSERDA) in an effort to curb greenhouse gas emissions 40% by 2030. The funding is part of the state’s Renewable Heating and Cooling Policy Framework, which aims to promote clean energy. Funding is provided by the Clean Energy Fund, a 10-year, $5.3 billion goal to achieve a clean, resilient and affordable energy system for New Yorkers.

Rebates will be available to qualified installers of such heat pump systems for two years, or until all funds have been disbursed.

Ground source heat pump systems are renewable heating and cooling technologies that provide environmental benefits and energy cost savings. This type of technology replaces oil-and gas-fired heating and cooling sources, and therefore reduces greenhouse gas emissions.

These heating and cooling systems have been put in place in the Montgomery County, MD, school system and St. Michael’s College in Vermont installed ground source heat pump systems back in 2014 with the intention of using 77% less energy.

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