The Biden administration wanted New Englanders to switch to electric heat pumps so badly, it spent $450 million on a program to subsidize sales of the pumps across the region. The goal is “to have heat pumps make up at least 65 percent of residential heating, cooling, and water heating sales by 2030,” according to a 2024 press release.
Five of the coldest states in the country — Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island — are part of the New England Heat Pump Accelerator, an initiative designed to boost heat pump adoption by subsidizing equipment costs through a new “market hub.” The program will direct $270 million toward distributors, who will keep a “small percentage” and pass the rest along to consumers as price reductions.
The funding was part of the so-call

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