Multifamily Properties
Heating and Cooling Solutions Tailored to Your Property
Whether you’re building from the ground up or looking to modernize your property, PSEG Long Island offers rebates that make it easier and more affordable to install high-efficiency heat pump systems. Heat pumps help you reduce your energy use, improve tenant comfort, and future-proof your property – all while cutting energy costs.
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For Existing Building Owners Upgrading an Existing Property
Replacing outdated PTACs or fossil fuel systems? PSEG Long Island rebates can potentially cover up to 70% of project costs when you install heat pumps in your building.
For Builders Planning a New Multifamily Building
Rebates are available for both in-unit and common area systems in newly constructed properties.
Have a question?
Talk to a PSEG Long Island energy advisor. Additional rebates for energy efficient lighting and other upgrades in common areas (hallways, lobbies, parking garages, etc.) may be available through our commercial rebate programs.
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Whether you’re building from the ground up or looking to modernize your property, PSEG Long Island offers rebates that make it easier and more affordable to install high-efficiency heat pump systems. Heat pumps help you reduce your energy use, improve tenant comfort, and future-proof your property – all while cutting energy costs. Learn more
Multi-Family In-Unit Heat Pumps
Multi-Family Rebate* Building Caps New Construction In-Unit Heat Pumps $500/Dwelling $100,000 Existing Building In-Unit Heat Pumps $4,000/Dwelling $200,000 Existing Building In-Unit Geothermal $3,000/Dwelling $200,000 In-Unit Heat Pump Water Heater $1,200/Unit n/a Multi-Family In-Unit Heat Pumps - Disadvantaged Communities
Multi-Family Rebate* Building Caps New Construction In-Unit Heat Pumps $500/Dwelling $100,000 Existing Building In-Unit Heat Pumps $5,000/Dwelling $200,000 Existing Building In-Unit Geothermal $5,000/Dwelling $200,000 In-Unit Heat Pump Water Heater $1,200/Unit n/a
Multi-Family Common Area Heat Pumps
Multi-Family Rebate* Building Caps New Construction Common-Area Heat Pumps $50/MMBTU $100,000 Decommissioned Fossil Fuel Common-Area Heat Pumps $150/MMBTU $200,000 Multi-Family Common Area Heat Pumps - Disadvantaged Communities
Multi-Family Rebate* Building Caps New Construction Common-Area Heat Pumps $50/MMBTU $100,000 Decommissioned Fossil Fuel Common-Area Heat Pumps $200/MMBTU $200,000 * Rebates effective Jan 1, 2025. PSEG Long Island reserves the right to adjust rebates at any time.
For Disadvantaged Communities Rate eligibility, please check nyserda.ny.gov/ny/Disadvantaged-Communities
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- Pre-approval is required and all projects are subject to pre and post-inspection.
- Multifamily buildings with five or more units.
- Total rebates for multi-family projects will not exceed 70% of total in-unit or common area project costs or per building rebate caps.
- New construction building permit needed if completion date after 1/1/26.
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Who is Eligible?
- Multifamily buildings with five or more units.
- Both new construction and existing building retrofits.
- Pre-approval required before work begins.
Heat Pump Eligibility Requirements- All equipment must comply with the NY State Clean Heat Calculator and/or applicable industry standards
- To be eligible for incentives, all heat pump systems must be sized in compliance with NY state and municipal codes
- Final rebate payment is based upon installed equipment specifications and may be lower than pre-approved amounts
- Only electrical energy efficiency or beneficial electrification measures will be eligible for a rebate; beneficial electrification includes on-site replacement or displacement of fossil fuel consuming equipment (oil, gas or propane) by efficient electric technology
- New construction projects will have natural gas as the baseline if available in the area and existing building will use existing conditions as the baseline
- Integrated controls will be required on ccASHP projects where a supplemental fossil fuel heat source is present
- NEEP Cold Climate ASHPs have the following additional criteria: Must be listed on the NEEP list at the point of Application submission - https://ashp.neep.org
Additional Rebate Guidelines ENERGY STAR® Heat Pump Water Heater- Limit of 1 rebate per appliance type, per unit
- HPWH must carry ENERGY STAR or Most Efficient designation
- The rebate amount cannot be more than 70% of the purchase price paid