New England launches $450M heat pump initiative with federal funds to cut emissions and expand access.

New England is launching a $450 million regional initiative to boost heat pump adoption across five states, using federal climate funds to create hubs for financing, innovation, and data sharing. The program aims to reduce fossil fuel use and emissions by lowering upfront costs, supporting contractors, and expanding access for low- and moderate-income households. In Nantucket, National Grid is introducing a seasonal heat pump rate starting November 2025, offering monthly savings for eligible residents. The effort, part of a broader push to meet clean energy targets, includes pilot programs launching in April 2025 and is expected to significantly accelerate heat pump deployment across the region.