Save Thousands with Clean Energy Solutions and Tax Credits
Unlock up to $25,000 in rebates when you install geothermal heat pumps for heating and cooling, or up to $35,000 if you reside in a Disadvantaged Community.* Take advantage of significant tax credits and energy-saving opportunities with these energy-efficient systems.
Geothermal heat pumps are an energy-efficient solution that uses the earth’s natural temperature to regulate the climate inside your home. These systems consist of three key components:
- Ground Loop: Pipes buried in the ground circulate water to absorb heat from the earth in winter and release heat back into the soil during summer.
- Heat Pumps: A refrigerant is used to transfer energy from the ground loop into your home (or vice versa), ensuring optimal temperature control.
- Ductwork: Distributes the heated or cooled air throughout your home to enhance comfort.
In addition to geothermal, air-source heat pumps offer another energy-saving opportunity by transferring heat from the air. These heat pumps are versatile and come in three types:
- Mini Splits: Ideal for homes without existing ductwork. Can be mounted on the wall, floor, or ceiling.
- Central Air-Source: Best for homes with existing ductwork, offering a seamless installation.
- Air-to-Water: Suitable for homes with radiators, providing heating, cooling, and domestic hot water.
By upgrading your heating system with these energy-efficient solutions, you can not only reduce your carbon footprint but also qualify for various rebates and tax incentives, significantly lowering your upfront costs.
Incentive Options:
- Option 1: Replace your old heating system with energy-efficient air-source heat pumps.
- Option 2: Keep your existing heating system and install integrated controls alongside your new air-source heat pumps for enhanced energy efficiency.
Embrace clean energy and energy improvements today to save money, reduce your environmental impact, and increase your home's energy efficiency.
Enhance Comfort and Save with Seal and Insulate Packages
Looking to increase your home’s energy efficiency, reduce your energy bills, and take advantage of clean energy tax credits? Improve your home’s comfort year-round with “seal and insulate” packages and unlock energy-saving opportunities through the Healthy Home Program. These energy improvements provide lasting benefits and help you transition to more affordable clean energy solutions for the future.
As part of the Comfort Home Pilot Program, seal and insulate packages are available throughout New York State. Trained and qualified Comfort Home contractors offer expert guidance in solving common issues like drafts, uneven temperatures, and ice dams in the winter. With rebates ranging from $1,600 to $4,000 (based on the types of energy-efficient upgrades made), this program makes it easy to invest in a more efficient home.
How It Works
Your journey starts with a no-cost consultation with a trained contractor. They will help you choose the right energy-efficient package, which may include available tax credits, rebates, and financing options. Comfort Home packages could feature:
- Sealing air leaks
- Insulating ceilings, floors, and walls
- Installing high-performance windows
Residential Financing for Energy Efficiency
Energy upgrades such as insulation, heat pumps, and solar panels not only reduce energy costs but can also pay for themselves over time. Many homeowners combine rebates, tax credits from the Inflation Reduction Act, and financing to cover the costs of these energy improvements.
The Healthy Home Program offers a variety of loan options to help New York residents finance clean energy and energy efficiency upgrades.
Before accessing a loan, homeowners must complete a no-cost energy assessment that identifies energy-saving opportunities and outlines potential upgrades. Available programs for financing include:
- Comfort Home Program
- EmPower+
- Home Comfort – PSE&G Long Island
- NY-Sun
- NYS Clean Heat
- PSE&G Home Performance Program
Financing Options
Homeowners may qualify for up to $25,000 in loans for energy efficiency improvements or clean energy installations on one- to four-family residential properties. Loan terms, interest rates, and repayment periods vary, but loans over $13,000 are required to meet a 15-year payback period under the Green Jobs Green New York (GJGNY) legislation.
Start your journey to a more comfortable, energy-efficient home today by exploring these tax credits, rebates, and financing options. With smart energy improvements, you can reduce your bills, enhance comfort, and move closer to a clean energy future.
Program | Details | Total Savings |
|---|---|---|
Con Edison Rebate | Amount deducted from final bill when you convert | $25,000* * |
Con Edison Dis-advantaged Community Rebate | Amount deducted from final bill when you convert | $35,000** * |
Tax Credit | Deductions made on your personal tax return**** | Save tens of thousands |