Rebates, Financing,
& Incentives
Available local rebates and other incentives can make upgrading your home even more affordable, and Home Efficiency Experts can help you determine what you may qualify for and how much you could save with our team of Long Island home professionals.
What Are Energy Efficiency
Rebates & Incentives?
Rebates and other incentives get cash back in your hand quickly after making an upfront investment in home upgrades. They can be available through a variety of programs run by federal, state, or local governments, or even through your utility companies like PSEG Long Island or Long Island Power Authority (LIPA).
What Incentives Are Available for Long Island Homeowners?
$50 instant discount on air purifiers
$35 on dehumidifiers
$30 on room air conditioners
$20 on ventilation fans
Up to $300 on washers and dryers
PSEG offers a range of rebates and incentives for homeowners looking to upgrade their appliances to more energy-efficient models, emphasizing the adoption of ENERGY STAR® certified products to enhance home energy efficiency and reduce utility bills. Rebates include:
Up to $100 on refrigerators and freezers
Up to $100 on smart thermostats
Up to $1,000 for ENERGY STAR® certified heat pump water heaters
Up to $750 tankless water heaters and gas storage water heaters
How Do I Get an Energy Rebate?
Although each program operates differently, rebates generally require the homeowner to fill out a simple application after they’ve paid for the qualifying services or energy-efficient equipment. But some programs offer instant rebates on specific equipment or services, so for the most up-to-date information regarding all the rebates available to you and how you qualify, it’s best to talk to an experienced local contractor, like Home Efficiency Experts.
NYSERDA Financing for Home Efficiency Upgrades
Energy Finance Solutions offers loans for New York State residents wanting to make energy efficiency upgrades through NYSERDA. These reduced interest rate loans are designed to finance residential energy efficiency improvements such as insulation, air sealing, heat pump installations, and heat pump water heater installations. There are several loan products available, including the Smart Energy Loan, repaid in installments to NYSERDA’s loan servicer; the On-Bill Recovery Loan repaid via an installment charge on your utility bill; and the Renewable Energy Tax Credit Bridge Loan, aimed at financing renewable energy systems. These loans are available for a variety of energy efficiency measures that meet NYSERDA’s minimum efficiency requirements and approval.
To qualify for these loans, applicants must meet specific underwriting criteria, including credit score requirements, debt-to-income ratios, mortgage payment history, and limitations on outstanding collections, judgments, liens, and charge-offs. The application process involves submitting a credit application, income documentation, and, for On-Bill Recovery Loans, recent utility bills. Additionally, NYSERDA offers incentives for qualified customers for energy efficiency and renewable technologies. Homeowners must use authorized NYSERDA participating contractors for the installation of eligible improvements.
Take the guesswork out of home improvements-find solutions that will save money and improve indoor comfort. A free home energy assessment can tell you why your utility bills are on the rise. Plus you will receive a free room temperature and humidity gauge with your assessment.