sw incentives

Incentives & Financing

There are a variety of incentives available for energy efficiency and clean heating and cooling offered by your Utility Company, New York State Energy Research and Development Authority (NYSERDA), and the Internal Revenue Service.

Concerned about making sure you get all the available rebates? Ask your installer about what options will be available to you—and for assistance on completing the necessary paperwork.

Below, you can find some details about the financing options offered in Westchester.

Home Energy Efficiency Upgrades

NYSERDA offers every New York resident a free, professional home energy assessment. Plus, there are extra benefits to pay for thermal improvements.

HeatSmart Westchester can help you discover your eligibility for these programs. Sign up through HeatSmart Westchester for your free assessment!

Heat Pumps
Upgrades

To access the utility rebates, you must use a Con Ed or NYSEG participating installer. All of the HeatSmart Westchester partners are approved contractors on the Con Ed and NYSEG lists.

Most of these rebates can be combined

Your contractor can review rebate options for your specific home and needs after they have visited your home for an assessment.

Rebates and Incentives

Utilities: The New York State heat pump rebates are now administered by your utility, with the rebate level based on the system’s heating capacity. You can find all the details in the rebate tables below. These rebates start at $500 for installing one air source unit but climb substantially with whole-home installations. The new rebates are providing an average of $6,000-$8,000 per air source whole-home system and $8,000 – $10,000 for a geothermal system. The HeatSmart partner-installers will find your relevant rebates using calculations specific to your building and the proposed equipment. Every HeatSmart partner installer has the necessary accreditation, software, and experience to accurately inform you of your true bottom line (included on your proposal) and will assist you with the paperwork.

CON ED: To receive rebates and incentives on your project, work must be completed by a Con Ed participating contractor. To determine the specific dollar amount your project would be eligible for, check with your contractor and learn about general rebate offerings below:

NYSEG: To receive rebates and incentives on your project, your contractor should submit a rebate form to NYSEG. To determine the specific dollar amount your project would be eligible for, check with your contractor and learn about general rebate offerings below:

Federal Tax Credits: Don’t forget to take your IRS tax credit for heat pump installations. ENERGY STAR air source heat pumps qualify for a $300 credit. 2020 geothermal installations qualify for residential and commercial tax credits of 26% of the total installed cost. Act now! This credit is scheduled to decrease to 22% next year, then phase out. Consult a tax professional for questions about how to take advantage of this tax credit.

Other Financing: Our installer-partners offer a wide variety of financing options ranging from traditional private loans to the NYSERDA loans, Smart Energy Loan and On-Bill Financing.