New multi-state agreement sets stage for exponential heat pump market growth
Nine states inked an agreement to accelerate heat pump adoption to cut emissions and support cleaner homes
February 7, 2024 – As jurisdictions across the country look for ways to reduce greenhouse gas emissions from buildings, 9 states signed a new agreement to accelerate the adoption of heat pump technologies HVAC and water heating systems in homes. The agreement, coordinated by NESCAUM, sets a new goal of achieving 65% market penetration for heat pumps by 2030 and 90% by 2040, and facilitates regional and cross-state collaboration. The signatory states include California, Colorado, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, and Rhode Island.
The Building Decarbonization Coalition and the undersigned Coalition members in the manufacturing sector issued the following statements:
“We applaud these 9 states for crafting an agreement that takes an ambitious, flexible, and pragmatic approach to building decarbonization.”
“Aggressive heat pump deployment is necessary to achieve greenhouse gas emissions reduction targets. We look forward to working with NESCAUM and their state partners to implement this MOU to grow the market for efficient, electric technologies. Clear commitments provide manufacturers with the business certainty they need to continue to bring a broad range of technologies to market, which will ensure the long-term viability of the building decarbonization transition.”
“Greater focus on consumer education, workforce development, and affordability will also be critical to the success of the transition, and we appreciate the states’ commitment to regional collaboration and consistency in support of those efforts. This agreement lays a foundation for the acceleration of a market shift that is already in motion, and which we are hopeful will lead to cleaner, healthier, more affordable homes and neighborhoods. Consumers stand to benefit from these energy efficient technologies, and we stand ready to support communities through this transition. We thank these states for their leadership and encourage others to join.”
About Building Decarbonization Coalition
BDC aligns critical stakeholders on a path to transform the nation’s buildings through clean energy, using policy, research, market development and public engagement. The BDC and its members are charting the course to eliminate fossil fuels in buildings to improve people’s health, cut climate and air pollution, prioritize high-road jobs, and ensure that our communities are more resilient to the impacts of climate change. Learn more at www.buildingdecarb.org.