Upstate and Long Island still have hundreds of thousands of oil-heated homes. NYSERDA and utility programs make the switch more affordable than ever.
🔥 Size Your Heat Pump & See Your Annual Fuel Savings
Find the heat pump tonnage your home needs (heating + cooling load from area, climate, and insulation) and estimate annual fuel savings compared to your current Natural Gas, Propane, Heating Oil, or Electric Resistance system. Built on ACCA Manual J residential heating-load figures and real-world COP (Coefficient of Performance) values.
1. Home & climate parameters
These determine your home's heating load and the recommended heat pump tonnage. Sized using ACCA Manual J factors for an 8-ft ceiling home.
2. Your current heating fuel
Pick your current fuel and the rate your utility charges. The annual bill is optional: leave it blank to use the modeled estimate from your home size and climate above, or enter your real 12-month total to calibrate the estimate to your actual home. Defaults are US national averages.
3. Heat pump efficiency & electricity rate
Cold-climate heat pumps maintain high COP down to -15°C / 5°F and qualify for higher rebates (IRA 25C, Canada GREA). Standard inverter heat pumps are cheaper upfront but lose efficiency below 0°C / 32°F.
✓Recommended system & savings
📊Compare every fuel (with your settings)
Same home, same climate, same heating load — but using the default rate for each fuel. Best row = lowest annual heat-pump bill after switching from that fuel.
| Current fuel | Default rate | Annual HP bill | Net savings |
|---|---|---|---|
| Natural Gas Furnace | $1.20 / therm | — | — |
| Propane (LPG) | $3.50 / gallon | — | — |
| Heating Oil | $4.50 / gallon | — | — |
| Electric Resistance | $0.15 / kWh | — | — |
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Heat Pump vs Heating Oil in New York: What You Could Save
At New York’s typical heating oil price of about $4.60/gallon and an electricity rate near 30¢/kWh, here’s how the annual heating cost compares for a representative New York home (~65 MMBTU/yr heating load, cold-climate heat pump at COP 3.8). Use the calculator above with your home size and real bill for an exact figure.
| Heating system | Estimated annual cost |
|---|---|
| Heating Oil furnace (~587 gallons/yr @ $4.60) | ~$2,699/yr |
| Cold-climate heat pump (~5,013 kWh/yr @ 30¢) | ~$1,499/yr |
| Estimated annual saving | ~$1,200/yr |
Figures are illustrative and depend on your home’s insulation, size, and actual usage — the interactive calculator personalizes all of this.
Cold-Climate Heat Pump Performance in New York
The old myth that “heat pumps don’t work in the cold” no longer holds. Modern cold-climate air-source heat pumps (ccASHPs) are rated to deliver their full heating output down to -13°F / -25°C and keep producing usable heat below that, thanks to variable-speed inverter compressors and enhanced-vapor-injection technology. In New York’s climate (Albany and colder inland areas), the standard approach is to size the heat pump to carry 80–90% of the heating season and keep your existing heating oil system as automatic backup for the few deepest-cold nights — capturing nearly all the savings while keeping a safety margin.
Rebates & Incentives for New York Homeowners
NYSERDA and utility Clean Heat programs provide per-ton heat pump rebates statewide (Upstate and Long Island), stacking with the 30% federal 25C tax credit.
Because heat pumps also provide efficient air conditioning in summer, many New York homeowners effectively get whole-home cooling as a free bonus when they switch for heating savings.
Frequently Asked Questions — New York
Heat pump savings vs oil in upstate New York From Albany to Buffalo to Long Island, New York oil users typically save $900–$1,600/yr with a cold-climate heat pump — Upstate’s colder, longer winters push savings higher.
What NYSERDA or utility rebates are available? Cold-climate heat pumps handle Upstate NY winters (Buffalo, Albany, the Adirondacks) when sized correctly; NY Clean Heat requires cold-climate-rated equipment for rebates.
Can one heat pump replace both furnace and AC in NY? NY Clean Heat rebates (through your utility) and NYSERDA programs stack with the federal tax credit — rebate levels are set per-ton and vary by utility territory.
Related: refrigeration cycle diagram and parts.
Estimates vary by contractor. Compare free quotes from licensed local pros before you commit. Request a quote →
High-efficiency systems may qualify for utility rebates and federal or state incentives. Find current programs at ENERGY STAR & DSIRE.
Figures are reviewed by the Refcon HVAC engineering team using U.S. DOE, ENERGY STAR & ACCA Manual J data. Estimates only — confirm with a licensed pro.