Financing, Income Eligible Programs and Tax Credits

Financing

NYSERDA offers loans to help New York State residents finance energy efficiency improvements and clean energy equipment.

In addition, EmPower+ helps low- and moderate-income households save energy and money toward energy improvements made to their primary residence. Through EmPower+, eligible New Yorkers can receive:

  • No-cost comprehensive home energy assessments to pinpoint where energy and dollars are being wasted and receive a customized plan to lower energy usage.
  • No-cost direct install improvements identified during the assessment can be installed by participating program contractors.
  • Funding toward the cost of energy efficiency improvements, including air sealing, insulation, heat pumps, heat pump water heaters, and electrical service and wiring upgrades.

The program is open to income-eligible owners and renters of one- to four-family households. For assistance in applying and navigating home energy upgrades, connect with the Mid-Hudson Valley Clean Energy Hub. For more information on Empower+, click here.

 

Tax Credits

If you make qualified energy-efficient improvements to your home after Jan. 1, 2023, you may qualify for a tax credit up to $3,200. You can claim the credit for improvements made through December 31, 2025.

For more information, go to: Energy Efficient Home Improvement Credit.