Hidden Image

Heat Pump Program (NYS Clean Heat)

 

Heat and cool your home with a heat pump

The warmer, cooler, cleaner way to heat and cool your home. Are you using oil, propane, or electric baseboards as your primary heating source? Heat pumps are a better, more efficient way to keep your home comfortable all year long, without the use of fossil fuels.

Learn More About Heat Pumps Link opens in new window - close new window to return to this page.

Heat and cool your business with a heat pump

Heat pumps are the warmer, cooler, smarter way to heat and cool your business. Learn about available rebates and how to get a free screening to assess the potential of ground and air source heat pumps and variable refrigerant flow technologies.

Learn More About Heat Pumps

Become a NYS Clean Heat Contractor

Become a NYS Clean Heat contractor and encourage residents, small businesses, and commercial and multifamily building owners to install cold climate air source heat pumps (ASHP) and energy efficient ground source heat pumps (GSHP) and heat pump water heaters (HPWH). Incentives are available to consumers as well as participating contractors.

Become a NYS Clean Heat contractor Link opens in new window - close new window to return to this page.

On-Bill Recovery Loans

What are they? Residential On-Bill Recovery loans make it easy to pay and manage installation costs by adding them as a line item to your monthly utility bill. If you decide to sell your home and move, the unpaid balance of the loan can easily be transferred to the new homeowners.

Interest Rates. Interest rates are subject to the customer’s credit qualification. We encourage you to use our interest rate estimator to determine which rate may be available to you. Rates are subject to change.

Learn More. For full eligibility requirements and instructions on how to apply for a Residential On-Bill Recovery loan, visit Energy Finance SolutionsLink opens in new window - close new window to return to this page. or call 1-800-361-5663.

Smart Energy Loans

What are they? Through our residential Smart Energy loans, your repayments are made directly to NYSERDA’s loan servicer.

Interest Rates. Interest rates are subject to the customer’s credit qualification. We encourage you to use our interest rate estimator to determine which rate may be available to you. Rates are subject to change.

Learn More. For full eligibility requirements and instructions on how to apply for a Smart Energy loan, visit Energy Finance SolutionsLink opens in new window - close new window to return to this page. or call 1-800-361-5663.

Companion Loans

What are they? Through our Companion Loan, you can access additional financing for projects that exceed the $25,000 cap on the On-Bill Recovery and Smart Energy loans. To access the Companion Loan, you must first fully utilize the $25,000 On-Bill Recovery and Smart Energy Loan.

Interest Rates. 6.49% (pay by ACH) or 6.99% (pay by check).

Learn More. Speak with your contractor. They can help you apply for the Companion Loan.