Five New England states have launched the $450 million New England Heat Pump Accelerator initiative to promote energy-efficient, low-emission heat pumps as an alternative to fossil fuels for heating. The goal is to increase adoption of heat pumps in the region, reduce carbon emissions by 2.5 million metric tons by 2030, and support the installation of 580,000 residential heat pumps. Contractors are being incentivized to keep cold-climate air-source heat pumps and heat-pump water heaters in stock, which will lower upfront costs for consumers by $500 to $700 per unit for heat pumps and $200 to $300 per unit for water heaters. These incentives aim to simplify the purchasing process and help lower residents' energy bills while cutting emissions.