Heat Pump Cost in New York (2026)

Average installation costs, local electricity rates, and available rebates for New York homeowners.

Avg Install Cost

$8K–$18K

Electricity Rate

26.4¢/kWh

Climate Zones

4, 5, 6

Rebate Programs

1

Get Your New York Heat Pump Estimate

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Where is your home?

We'll use your ZIP code to find local prices, rebates, and climate data.

New York Electricity Rates

New York residents pay 26.4¢ per kWh for electricity. The national average is about 16¢/kWh.

Lower electricity rates improve heat pump economics, reducing your annual operating costs.

New York Heat Pump Rebates

Appliance Upgrade Program

state

1%

New York Heat Pump Costs by City

27 cities covered. Browse local cost data and rebates.