Incentives & Financing
Energy efficiency upgrades and new heating and cooling systems are large investments in your home. The energy savings add up monthly to recover the money spent but there are also ways to help with upfront costs. First, there are utility rebates which come from your electric provider at the time of installation. Secondly, there may be federal tax incentives. The savings would come off of what you owe in the following tax year. If you do not pay taxes, this will not apply for you but there may be other ways to help such as NYSERDA income based grants and property tax exemptions.
Property Tax Exemption*
NYS Property tax exemption for residential energy efficiency upgrades including heat pumps means that these improvements to your home will not result in higher taxation on your property.