Rebates & Incentives

What Are Energy Efficiency Rebates and 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). Some incentives, like Inflation Reduction Act tax credits, are the result of recently-passed federal law.

Home efficiency incentives programs provide added motivation for homeowners to make upgrades that save energy and make a home less expensive to heat and cool throughout the year.

What Incentives Are Available for Long Island Homeowners?

PSEG Long Island Rebates

PSE&G offers a number of different rebates and financing incentives on energy efficiency upgrades including insulation, heat pumps, and more. For the most up-to-date information on specific rebate amounts and to find out how much you could qualify to save, reach out to our team today!

Inflation Reduction Act

25C Energy Efficient Home Improvement Tax Credit

IRA tax credits allow you to take a credit equal to 30% of many costs associated with specific energy efficiency upgrades, including:

• Insulation and air sealing ($1,200 annual limit, materials only)
• Energy audits ($150 limit)
• High-efficiency central AC, heating systems, and water heaters ($600 annual limit)
• Heat pumps, ductless mini-splits, and heat pump hot water heaters ($2,000 annual limit)

These tax credits can be deducted when you go to file your taxes for the year in which the upgrades were performed or installed. You can even combine IRA tax credits with PSEG rebates to save more. For more information on the fine print and other specifics, call or contact Home Efficiency Experts!

Inflation Reduction Act Rebates

The IRA also created two new rebate programs, which individual states will be responsible for running. Home Efficiency Experts are paying close attention to New York State’s IRA rebate plans and will be updating this page and our customers as we learn more. 

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. 

How to Save More with Tax Credits and Rebates in 2023

Rebate and incentive programs can often change, but even with all the different programs available through NYSERDA, PSEG Long Island, and others, Home Efficiency Experts can tell you the specific rebates you qualify for and exactly how much you’ll stand to save.

The best way to find out what insulation and HVAC rebates are right for you is by reaching out today. Home Efficiency Experts’ team of whole home professionals is well-versed on the latest in rebate and incentive availability and will walk you through how to combine incentives to save as much as you can when you improve the energy efficiency of your home.