ConEdison Rebates 2025: The Complete Guide For NYC

If you live in a Con Edison service area and you are planning an HVAC upgrade, you can stack thousands in instant rebates and federal tax credits. This guide explains exactly what is available in 2025, who qualifies, how to apply, typical timelines, and how AirSync can help you maximize every dollar.

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Quick summary

• Air-source heat pumps: Up to $10,000 in instant incentives when installed as your primary heating source. Enhanced incentives available in Disadvantaged Communities. Incentives are taken off the invoice by a participating contractor. Con Edison

• Heat pump water heater: $1,000 instant rebate at participating retailers or through your contractor. Equipment must be purchased by December 31, 2025. Con Edison

• Smart thermostat enrollment: $85 after you enroll an eligible device in Con Edison’s Smart Usage Rewards. Con Edison

• Weatherization (insulation and air sealing): Up to $4,000 plus higher tiers for Disadvantaged Communities. Con Edison covers up to 70% of project costs and the incentive is deducted from your invoice. Con Edison+1

• Federal 25C tax credit: 30% of costs up to $2,000 for qualifying heat pumps or heat pump water heaters, with an annual total of up to $3,200 when combined with other eligible improvements. IRS+1

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What are the main Con Edison rebates in 2025?

1) Con Edison Clean Heat incentives for air-source heat pumps

• Incentive levels

  • Replace your old system with heat pumps: $8,000 for single-family homes, $4,000 for apartments

  • Keep your backup heat and add integrated controls: $2,500 for single-family, $1,000 for apartments

  • Enhanced incentives if your home is in a Disadvantaged Community: up to $10,000 for single-family homes

  • Incentives are capped at 50% of project cost or 70% in Disadvantaged Communities

  • The contractor applies the incentive up to $10,000 directly against your invoice
    Con Edison

• Eligibility basics
  Single-family and 2–4 family homes, and condo/co-op apartment owners in 5+ unit buildings qualify. You must use a Con Edison Participating Contractor for the incentives. Con Edison

• Why it matters
  Heat pumps can cut cooling energy up to 20–40% compared to older AC and provide efficient heating down to low outdoor temps. Pairing with integrated controls lets you keep a boiler or furnace for the coldest snaps while still qualifying for incentives.

2) $1,000 instant rebate for heat pump water heaters

Buy an ENERGY STAR heat pump water heater up to 120-gallon capacity at participating Home Depot or Lowe’s, or have your contractor purchase from a participating distributor, and get $1,000 off instantly. Equipment must be purchased by December 31, 2025. Con Edison

3) $85 for enrolling a smart thermostat

Enroll an eligible smart thermostat in Smart Usage Rewards and receive $85 from Con Edison after enrollment. During summer peak events on weekdays, Con Edison will temporarily nudge your setpoint. You can opt out of an event if needed. Con Edison

4) Weatherization: Insulation and air sealing

Con Edison’s Weather Ready incentives cover up to 70% of the project cost, with base incentives up to $3,500–$4,000 depending on building type and higher tiers for Disadvantaged Communities. The discount is taken off your invoice through a participating contractor. Con Edison+1

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How the incentives are paid

For heat pumps, weatherization, and many residential measures, Con Edison pays the contractor, and the contractor subtracts the incentive from your invoice. That means no waiting for a rebate check. Con Edison

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Can you stack Con Edison incentives with federal tax credits?

Yes. Most homeowners can also claim the Energy Efficient Home Improvement Credit (25C) for 30% of costs up to $2,000 for a qualifying heat pump or heat pump water heater in the same tax year, plus up to $1,200 for other eligible upgrades, for a combined annual max of $3,200. Always confirm with your tax advisor. IRS+1

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Who qualifies

• You have an active Con Edison electric account in NYC or Westchester

• Your project uses a Con Edison Participating Contractor

• Equipment meets program specs for the incentive category

• For enhanced incentives, your address must map to a Disadvantaged Community zone as defined by NYSERDA. Con Edison

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Deadlines and funding notes

• Heat pump instant invoice discounts are available now through participating contractors. Con Edison periodically updates funding allocations. Check the Clean Heat Program Funding page for biweekly status. Con Edison

• Heat pump water heater purchases must be made by December 31, 2025 to get the $1,000 instant rebate. Con Edison

• 25C federal credits are available for qualified improvements placed in service through December 31, 2025, with annual caps. IRS

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Step-by-step: how to get every dollar

1. Pre-assessment
   AirSync reviews your home’s load, existing equipment, electrical panel, and envelope to identify the best incentive path and potential stack with federal credits.

2. Confirm eligibility and address
   We check your Con Edison account details and whether your address qualifies for enhanced incentives.

3. Select a qualifying system
   We specify equipment that meets Con Edison and ENERGY STAR criteria so you do not miss out on incentives.

4. AirSync handles paperwork
   We work with or as a Participating Contractor to submit all required documents, reserve incentive dollars, and ensure the discount comes straight off your invoice. Con Edison

5. Install and inspection
   After installation, Con Edison may inspect. AirSync manages any post-install requirements so your incentives are secured.

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What projects make the biggest dent in total cost?

• Whole-home heat pump conversion
  Highest incentive tier, simplest path to electrify, and eligible for the $2,000 federal credit. Con Edison+1

• Heat pump water heater
  Quick win with $1,000 off now plus eligibility for the federal credit. Con Edison+1

• Weatherization
  Often the best payback. Insulation and air sealing make your new heat pump smaller, quieter, and cheaper to run, with up to $4,000 in incentives. Con Edison

• Smart thermostat
  Easy $85 after enrollment to help manage summer peaks. Con Edison

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Small business owners: limited time higher incentives

If you own or operate a small business or nonprofit space, Con Edison lists a limited-time increase on heat pump incentive rates through applications submitted by June 30, 2025, with install and inspection deadlines in fall 2025. Project incentives can be substantial, subject to caps. Con Edison

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Frequently asked questions

Do I need to wait for a rebate check?
No. For most measures, Con Edison pays the contractor and the incentive is taken right off your invoice. Con Edison

Can I keep my boiler or furnace?
Yes. You can install heat pumps with integrated controls and still receive incentives, though the amounts are lower than full replacement. Con Edison

Can I combine Con Edison incentives with federal tax credits?
Yes, in most cases. Con Edison incentives reduce your out-of-pocket cost at install, and you may claim the 25C credit at tax time up to the annual limits. Consult your tax professional. IRS

What if I live in a condo or co-op?
Individual apartment owners in 5+ unit buildings are eligible for certain incentives, and multifamily buildings have separate programs that can reach much higher totals. Con Edison+1

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How AirSync helps you win the most incentives

• We map your address to confirm eligibility and check for enhanced incentives

• We specify compliant equipment and design for performance and comfort

• We coordinate with Con Edison as or with a Participating Contractor so you get the instant invoice discount

• We align your project plan so you can also claim 25C at tax time

Ready to upgrade? Contact AirSync to schedule a free rebate and savings assessment.