The cost associated with home improvements deters many homeowners who are looking to be proactive about upgrading the efficiency and comfort of their homes — but it doesn’t need to! Since using less energy to keep your home comfortable is good for the greater electrical grid and the planet, there are rebates available to incentivize homeowners and promote energy efficiency and sustainability.
For the residents of New York, the journey to use less energy at home is not as daunting as it seems. With a range of home efficiency rebate programs available, understanding and taking advantage of them can significantly offset the cost of home improvements. Let’s dive into some of the rebate programs that you should be aware of.
NYSERDA Comfort Home Program
First on our list is the NYSERDA Comfort Home Program. This initiative is designed to make your home more energy-efficient through weatherization measures (insulation upgrades, air sealing, and windows). Cash incentives range from $1,000 to $4,000 based on the package of improvements completed, and there are no income requirements. This means the more you invest in making your home energy-efficient, the higher the cash incentives you could receive.
Energy Savers is a qualified contractor participating in the NYSERDA Comfort Home Program, assisting in determining the best home efficiency upgrade package for your needs, which may include air sealing, insulation, window upgrades, and heat pump installations.
EmPower+
Next, the EmPower+program offers free attic and wall insulation, among other energy-saving services. Homeowners who meet specific income qualifications, tenants, and property owners can apply for energy efficiency incentives totaling up to $25,000 in energy efficient upgrades, at no cost for 1-to-4-family homes. Eligible participants can receive no-cost home energy assessments or audits, and other incentives to enhance home comfort and energy efficiency. Applicants must utilize a participating contractor, like Energy Savers.
The 25C Tax Credit
The 25C Tax Credit isn’t a direct rebate but is a tax deduction that can make a significant difference in what you end up paying in federal taxes. It targets efficiency improvements, rewarding homeowners who take steps to make their homes more energy-efficient.
The 25C tax credit is a 30% credit up to $1,200 annually for insulation and air sealing, $2,000 for heat pump installation, and a $150 credit for an energy audit. There is no lifetime maximum, and these credits can be used every year there is qualifying work completed.
New York State Clean Heat Program
The New York State Clean Heat program is a utility-run rebate initiative that does not require income qualification and provides rebates ranging from $800 to $1,100 for heat pump water heater installation and up to $6,500 for air source heat pump installation. As a participating contractor, Energy Savers can help you with qualifying equipment and installation, and ensure you receive the maximum rebate.
Maximizing Your Benefits with Energy Savers
Understanding and navigating these incentive programs can be overwhelming, but you don’t have to do it alone. Energy Savers, a name trusted by homeowners throughout New York, is your partner in maximizing the savings you see on your upfront costs, and using tax credits. With a deep understanding of building science, Energy Savers specializes in home improvements that not only increase your comfort and energy efficiency but also ensure you get the most out of available incentives.
Making your home more energy-efficient is a win-win situation. You get to enjoy a more comfortable living space, contribute to environmental sustainability, and save money through incentives and tax credits. Programs like the NYSERDA Comfort Home Program, EmPower New York, and the 25C Tax Credit are excellent starting points. And with the expertise and support of Energy Savers, navigating these opportunities becomes easier and more rewarding. Embrace these incentives and make the smart move towards a more energy-efficient home today.
