New Jersey headline: NJ Clean Energy $300-$1,500 + utility $300-$2,000 + HEEHRA up to $8,000. Combined $4,000-$8,000 typical.
Active programs
NJ Clean Energy (state) plus utility rebates from PSEG, JCP&L, ACE, and Rockland Electric.1 HEEHRA administered by NJ BPU.2
| Utility | Heat pump rebate |
|---|---|
| PSEG | $500-$2,000 |
| JCP&L | $300-$1,500 |
| ACE / Atlantic City Electric | $300-$1,500 |
Realistic example
Newark home cold-climate heat pump:
- Install: $14,000
- PSEG rebate: $1,500
- HEEHRA at 80-150% AMI: $4,000
- Net: $8,500
See the 2026 heat pump rebate guide. Comparing across the region: New York often beats NJ for upstate cold-climate installs; Pennsylvania offers similar rebates with PECO/PPL; Connecticut adds a state full-electrification bonus.