New York to give residents $150 million to upgrade their HVACs

New York is putting serious money behind a home upgrade that could help residents cut utility bills and stay comfortable year-round.

According to a report from Democrat and Chronicle, the state plans to direct $150 million toward wider heat pump adoption in smaller residential properties. New York officials say the funds are part of an effort to make lower-income households more comfortable.

Heat pumps can both heat and cool a home by moving heat rather than generating it the way traditional fossil fuel-powered systems do. Because of that, they are often far more energy efficient than older equipment…

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