The New York State Energy Research and Development Authority (NYSERDA) announced on May 30 the availability of $15 million in rebates for the installation of ground source heat pump systems for residences, businesses and institutions. The announcement states that “renewable heating and cooling technologies such as ground source heat pumps not only provide environmental benefits but also provide energy bill savings, increased comfort levels and health benefits compared to conventional heating and cooling technologies.”
The amount of funding available to each project will depend on its size. Smaller projects (e.g., residential and small commercial buildings) can receive up to $15,000 when the installation is completed. A typical residential system will qualify for about $6,000. Larger projects (e.g., multi-family, hospitals and college campuses) can receive up to $500,000 per building with payments being made throughout the project. No single site can receive more than $1 million.
Rebates will be available to qualified installers for two years or until all funds have been exhausted. The total amount of the rebate will be deducted from the total cost of the system, thereby passing the savings along directly to consumers. Any ground source heat pump system for which installation was complete on or after January 1, 2017, and that meets the requirements of the program, is eligible. Only participating, qualified designers and installers may submit applications. Natural Systems Engineering is such a provider!
To discuss an application for your project, please contact:
Kyle E. Thomas, P.E.
Natural Systems Engineering, PLLC