# Is a heat pump worth it in New York? Compare by electric utility

> As of November 2026: of 7 New York electric utilities, a heat pump comes out ahead at any quote for 1,
> it depends on quotes for 6, and like-for-like comes out ahead for 0
> (typical 1,800 sq ft home replacing both furnace and AC).

- New York average residential electricity: 28.5¢/kWh (EIA, last 12 months)
- Winter gas: $1.65/therm (EIA, Nov–Mar)
- Interactive page: https://meterwise.app/ny/

## What to know about the New York numbers

- **Rebates not checked yet**: We haven't checked heat pump rebates in New York yet, so the numbers here leave them out. Utility and state programs can take thousands off a heat pump, so ask your utility and your contractor what's available.
- **Supplier choice**: Many New York households buy their electricity supply from a competitive supplier. We use the utility's standard price; if you buy from a supplier, enter your total price per kWh from your bill.
- **Time-of-use rates**: 2 utilities' tariffs here charge different prices by time of day. We assume heating and cooling use is spread evenly across the day, which can be off if most of yours falls in peak hours.

## Utilities

"Heat pump vs. furnace + AC" is the heat pump's yearly running cost difference (− = cheaper to run).

| Utility | Price/kWh | vs. state | Default fuel | Heat pump vs. furnace + AC | Verdict |
|---|---|---|---|---|---|
| [National Grid (Niagara Mohawk)](https://meterwise.app/ny/national-grid-niagara-mohawk/heat-pump-vs-furnace/index.md) | 18.9¢ | -34% | gas | −$350 | depends on quotes |
| [NYSEG (New York State Electric & Gas)](https://meterwise.app/ny/nyseg-new-york-state-electric-and-gas/heat-pump-vs-furnace/index.md) | 19.4¢ | -32% | gas | −$330 | depends on quotes |
| [Con Edison](https://meterwise.app/ny/con-edison/heat-pump-vs-furnace/index.md) | 37.0¢ | +30% | gas | +$40 | depends on quotes |
| [PSEG Long Island (LIPA)](https://meterwise.app/ny/pseg-long-island-lipa/heat-pump-vs-furnace/index.md) | 29.3¢ | +3% | gas | −$120 | depends on quotes |
| [Central Hudson Gas & Electric](https://meterwise.app/ny/central-hudson-gas-and-electric/heat-pump-vs-furnace/index.md) | 25.1¢ | -12% | heating oil | −$2,330 | heat pump ahead at any quote |
| [Rochester Gas & Electric Corp](https://meterwise.app/ny/rochester-gas-and-electric-corp/heat-pump-vs-furnace/index.md) | 19.9¢ | -30% | gas | −$330 | depends on quotes |
| [Orange & Rockland Utils Inc](https://meterwise.app/ny/orange-and-rockland-utils-inc/heat-pump-vs-furnace/index.md) | 23.3¢ | -18% | gas | −$210 | depends on quotes |

Data: https://meterwise.app/data/v1/utilities.json · Method: https://meterwise.app/about/index.md