Tax Credits, Rebates and Financing

undefined

PSEG ENERGY STAR Rebates – PSEG customers are eligible for immediate or online rebates after purchase on a variety home energy appliances.

ENERGY STAR Tax Credits - A broad selection of ENERGY STAR certified equipment is eligible for federal income tax credits for energy efficiency home improvements under the Inflation Reduction Act. Before 2032, take advantage of the tax credits, along with any available rebates, to help make the transition to a clean energy future more affordable.

Fannie Mae HomeStyle Energy Mortgage - Homeowners can now make upgrades to reduce utility costs and improve the comfort and safety of their homes with Fannie Mae’s HomeStyle® Energy mortgage. Contact your local bank to determine if these financial services are appropriate for you.

Freddie Mac GreenCHOICE Mortgage – Homeowners can finance energy efficient improvements with any mortgage product, property type and financing terms up to 30 years to provide greater affordability for borrowers, offer more flexibility and combine the flexibilities of Home Possible Mortgages to offer borrowers additional affordable financing opportunities. Contact your local bank to determine if these financial services are appropriate for you.

IRS Energy Tax Credits for Consumers: FAQ – IRS answers frequently asked questions on tax credits available to save money on home energy upgrades, clean vehicles, and more.

NYSERDA Residential Financing Programs - NYSERDA offers a suite of loans under the Green Jobs-Green New York (GJGNY) Program to help state residents finance energy efficiency improvements, and renewable energy systems. Qualifying borrowers may be eligible for interest rates between 3.49-3.99%.

Slipstream Energy Finance Solutions - Originates loans on behalf of NYSERDA and offers New York State residents reduced-interest rate loans to finance qualified residential energy efficiency improvements. Qualifying borrowers may be eligible for interest rates between 3.49-3.99%.


Contact

August Ruckdeschel
Clean Energy Coordinator
ar2464@cornell.edu
631-727-7850 x350

Last updated July 2, 2024