![](\"http:\/\/threepeaksenergy.com\/wp-content\/uploads\/2017\/01\/newyork-512-150x150.png\")
__________________________________________________________________________________________________________<\/span><\/p>\n
Grants, Subsidies, Tax Credits, Low Interest Loans<\/p>\n
<\/p>\n
There are several options and benefits available to pay for energy improvements.
Below you will find a brief summary of the most popular means of funding and financing for energy improvements. However, we strongly suggest you engage in a thorough discussion with our representatives to be sure you fully understand each option, benefit and qualification requirements.<\/p>\n
New York State Funding Eligibility:<\/strong><\/p>\n Free Energy Audit<\/a> New York State homeowners are eligible for these programs as long as electric utility service is provided to their home by one of the following participating utilities:<\/p>\n For information regarding services for Long Island Power Authority territory, Nassau and Suffolk counties, please visit www.lipower.org<\/a><\/p>\n <\/p>\n Customers who pay utility charges to service providers not listed above fall under alternate qualification and eligibility requirements. To determine what benefits may be available to you, please contact our office via email or telephone.<\/span><\/p>\n _______________________________________________________________________________________________<\/span><\/p>\n Program #1<\/span> Loan offered through Energy Finance Solutions<\/a><\/span><\/p>\n Key features of an EFS loan:<\/span><\/p>\n Only Building Performance Institute (BPI) Accredited contractors participating in NYSERDA’s EmPower+<\/span> program are eligible to perform the installation.<\/span><\/p>\n _______________________________________________________________________________________________<\/span><\/p>\n Program #2<\/span><\/p>\n Homeowner financing Incentive<\/span><\/p>\n If you wish to pay for your energy improvements out of your personal savings or resources, and are not using either of the two options above, you may be eligible to receive 10% of the cost of eligible energy efficiency improvements, up to a maximum incentive of $3,000.00 directly from the program. Payment is authorized and made directly to the homeowner after the program implementer reviews the project, you sign the Certificate of Completion, and pay your contractor.<\/span><\/p>\n _______________________________________________________________________________________________<\/span><\/p>\n Program #3<\/span><\/p>\n Low Income Subsidy Program<\/span><\/p>\n EmPower+<\/span><\/p>\n You must meet low income qualifications in order to be granted these funds. ( I will have a link here shortly)<\/span><\/p>\n These funds are used to pay for cost-effective energy efficiency improvements. However, customers that receive a subsidy are not eligible to receive the 10% Homeowner Financing Incentive (#3 above). The subsidy payment is made directly to the contractor after you sign the Certificate of Completion.<\/span><\/p>\n Single Family: The building occupant’s income must be less than or equal to what is listed for the number of people living in the household. Income Qualifications for Assisted Home Performance<\/a><\/span><\/p>\n Your annual income will be verified using pay stubs with year-to-date earnings and other appropriate documentation. If you are income-eligible, you may receive assistance to cover 50% of the cost of energy improvements. Currently up to $5,000.00 dollars in subsidy is available and will not have to be paid back if you are a qualified low income candidate..<\/span><\/p>\n Household income is defined as total cash receipts before taxes from all sources. Income eligibility is based on the past twelve (12) months of total household income.<\/span><\/p>\n Renters: Income-qualified tenants can receive up to a 50% subsidy towards the purchase of ENERGY STAR appliances and lighting or other energy-reducing products. Use the chart above to determine if you are income-eligible. Tell your landlord about the benefit that both of you can take advantage of. Your low income allows the landlord to take advantage of this program with you.<\/span><\/p>\n 2-4 family Building Owners: EmPower+<\/span> will perform work in 2-4 unit buildings where either the owner is income qualified and occupies one of the units, or tenants are income-qualified.<\/span><\/p>\n An income qualified owner that occupies a unit in a 2-4 unit building can receive a subsidy of up to $5,000 for the whole building without any income verification required for the tenants. A higher subsidy, up to a total of $10,000 per building, may be available if tenants also are income eligible. Use the following (create link to file \ufffdMultipleRental.pdf) chart to determine the level of subsidy and count the income-eligible and occupying owner as an income eligible unit.<\/span><\/p>\n _______________________________________________________________________________________________<\/span><\/p>\n Program #4<\/span><\/p>\n Federal Tax Credits<\/span><\/p>\n The Federal Government Residential Energy Efficiency Tax Credit<\/span><\/p>\n Incentive Type: Personal Tax Credit<\/span> The credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the United States that is owned and used by the taxpayer as a primary residence. The maximum amount of homeowner credit for all improvements combined is $1,500 for equipment purchased during the two-year period of 2009 and 2010.<\/span><\/p>\n Building Envelope Improvements Owners of existing homes receive a tax credit worth 30% of the cost of upgrading the efficiency of the building’s envelope. Installation (labor) costs are not included. The following improvements are eligible for the tax credit:<\/span><\/p>\n Heating, Cooling and Water-Heating Equipment <\/strong>Taxpayers who purchase qualified residential energy-efficient property are eligible for a tax credit worth 30% of the system cost, including labor costs. The credit may also be applied to labor costs for assembly and original installation of eligible property. The following types of equipment are eligible:<\/p>\n For nationwide energy incentives click here<\/em><\/strong><\/a><\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" __________________________________________________________________________________________________________ Grants, Subsidies, Tax Credits, Low Interest Loans There are several options and benefits available to pay for energy improvements.Below you will find a brief summary of the most popular means of funding and financing for energy improvements. However, we strongly suggest you engage in a thorough discussion with our representatives to be sure […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":76,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n
The New York State Energy Research and Development Authority (NYSERDA) is currently offering a low interest rate loan program to homeowners for the installation of qualified energy efficient improvements. The New York EmPower+<\/span> Loan Program is available to qualified residents of New York State.<\/span><\/p>\n\n
Eligible Efficiency Technologies: Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows, Doors, Roofs, Circulating fans used in a qualifying furnace<\/span>
Eligible Renewable\/Other Technologies: Biomass, Stoves that use qualified biomass fuel<\/span>
Applicable Sectors: Residential<\/span>
Amount: 30%<\/span>
Maximum Incentive: Aggregate amount of credit for all technologies placed in service in 2009 and 2010 combined is limited to $1,500<\/span>
Equipment\/Installation Requirements: Equipment must be new and in compliance with all applicable performance and safety standards as described in tax code<\/span>
Authority 1: 26 USC \u00a025C<\/span>
Date Enacted: 8\/8\/2005 (subsequently amended)<\/span>
Date Effective: 1\/1\/2006<\/span>
Expiration Date: 12\/31\/2010<\/span><\/p>\n\n
\n
<\/p>Grants, Subsidies, Tax Credits, Low Interest Loans<\/h4>
There are several options and benefits available to pay for energy improvements.
Below you will find a brief summary of the most popular means of funding and financing for energy improvements. However, we strongly suggest you engage in a thorough discussion with our representatives to be sure you fully understand each option, benefit and qualification requirements.
New York State Funding Eligibility:<\/strong>
Free Energy Audit<\/a> New York State homeowners are eligible for these programs as long as electric utility service is provided to their home by one of the following participating utilities:
<\/h3>
For information regarding services for Long Island Power Authority territory, Nassau and Suffolk counties, please visit www.lipower.org<\/a>
Customers who pay utility charges to service providers not listed above fall under alternate qualification and eligibility requirements. To determine what benefits may be available to you, please contact our office via email or telephone.
Program #1<\/strong>
The New York State Energy Research and Development Authority (NYSERDA) is currently offering a low interest rate loan program to homeowners for the installation of qualified energy efficient improvements. The New York Home Performance with ENERGY STAR\ufffd Loan Program is available to qualified residents of New York State.
Loan offered through Energy Finance Solutions<\/a>
Key features of an EFS loan:
<\/h3>
Only Building Performance Institute (BPI) Accredited contractors participating in NYSERDA's Home Performance with ENERGY STAR program are eligible to perform the installation.
Program #2<\/strong>
Homeowner financing Incentive
If you wish to pay for your energy improvements out of your personal savings or resources, and are not using either of the two options above, you may be eligible to receive 10% of the cost of eligible energy efficiency improvements, up to a maximum incentive of $3,000.00 directly from the program. Payment is authorized and made directly to the homeowner after the program implementer reviews the project, you sign the Certificate of Completion, and pay your contractor.
Program #3 <\/strong>
Low Income Subsidy Program
Assisted Home Performance with ENERGY STAR <\/strong>
You must meet low income qualifications in order to be granted these funds. ( I will have a link here shortly)
These funds are used to pay for cost-effective energy efficiency improvements. However, customers that receive a subsidy are not eligible to receive the 10% Homeowner Financing Incentive (#3 above). The subsidy payment is made directly to the contractor after you sign the Certificate of Completion.
Single Family: The building occupant's income must be less than or equal to what is listed for the number of people living in the household. Income Qualifications for Assisted Home Performance<\/a>
Your annual income will be verified using pay stubs with year-to-date earnings and other appropriate documentation. If you are income-eligible, you may receive assistance to cover 50% of the cost of energy improvements. Currently up to $5,000.00 dollars in subsidy is available and will not have to be paid back if you are a qualified low income candidate..
Household income is defined as total cash receipts before taxes from all sources. Income eligibility is based on the past twelve (12) months of total household income.
Renters: Income-qualified tenants can receive up to a 50% subsidy towards the purchase of ENERGY STAR appliances and lighting or other energy-reducing products. Use the chart above to determine if you are income-eligible. Tell your landlord about the benefit that both of you can take advantage of. Your low income allows the landlord to take advantage of this program with you.
2-4 family Building Owners: Assisted Home Performance with ENERGY STAR will perform work in 2-4 unit buildings where either the owner is income qualified and occupies one of the units, or tenants are income-qualified.
An income qualified owner that occupies a unit in a 2-4 unit building can receive a subsidy of up to $5,000 for the whole building without any income verification required for the tenants. A higher subsidy, up to a total of $10,000 per building, may be available if tenants also are income eligible. Use the following (create link to file \ufffdMultipleRental.pdf) chart to determine the level of subsidy and count the income-eligible and occupying owner as an income eligible unit.
Program #4<\/strong>
Federal Tax Credits
The Federal Government Residential Energy Efficiency Tax Credit
Incentive Type: Personal Tax Credit
Eligible Efficiency Technologies: Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows, Doors, Roofs, Circulating fans used in a qualifying furnace
Eligible Renewable\/Other Technologies: Biomass, Stoves that use qualified biomass fuel
Applicable Sectors: Residential
Amount: 30%
Maximum Incentive: Aggregate amount of credit for all technologies placed in service in 2009 and 2010 combined is limited to $1,500
Equipment\/Installation Requirements: Equipment must be new and in compliance with all applicable performance and safety standards as described in tax code
Authority 1: 26 USC \ufffd 25C
Date Enacted: 8\/8\/2005 (subsequently amended)
Date Effective: 1\/1\/2006
Expiration Date: 12\/31\/2010
The credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the United States that is owned and used by the taxpayer as a primary residence. The maximum amount of homeowner credit for all improvements combined is $1,500 for equipment purchased during the two-year period of 2009 and 2010.
Building Envelope Improvements<\/strong> Owners of existing homes receive a tax credit worth 30% of the cost of upgrading the efficiency of the building's envelope. Installation (labor) costs are not included. The following improvements are eligible for the tax credit:
<\/h3>
Heating, Cooling and Water-Heating Equipment <\/strong>Taxpayers who purchase qualified residential energy-efficient property are eligible for a tax credit worth 30% of the system cost, including labor costs. The credit may also be applied to labor costs for assembly and original installation of eligible property. The following types of equipment are eligible:
<\/h3>
For nationwide energy incentives click here<\/a><\/h3>","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-186","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/pages\/186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/comments?post=186"}],"version-history":[{"count":0,"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/pages\/186\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/pages\/76"}],"wp:attachment":[{"href":"https:\/\/threepeaksenergy.com\/index.php\/wp-json\/wp\/v2\/media?parent=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}