Financing Options for Energy Efficiency
Rebates

Rebates

Energy Efficiency Rebates

  • Overview: Rebates are offered by utilities and participating stores to promote the purchase and installation of energy-efficient equipment.
  • Examples:
    • Appliance Rebates: Rebates on ENERGY STAR certified appliances such as refrigerators, washers, and dryers.
    • HVAC Rebates: Incentives for the installation of energy-efficient heating and cooling systems.
    • Lighting Rebates: Discounts on energy-efficient LED lighting through participating retailers and direct from utilities.

Smart Thermostat Rebates

  • Overview: Offered by utilities like Con Edison, these rebates support the installation of smart thermostats that optimize heating and cooling systems for energy savings.
  • Eligibility: Open to residential customers, including those in multifamily buildings. Installation must be done by a participating contractor.
  • Rebate Amount: Typically ranges from $50 to $100 per thermostat.
  • Application Process: Purchase an eligible smart thermostat and submit a rebate application with proof of purchase.
    Website: Smart Thermostat Rebates

LED Lighting Rebates

  • Overview: Many utilities, including Con Edison, offer rebates for upgrading to energy-efficient LED lighting. These rebates are aimed at reducing the energy consumption of lighting systems in residential and commercial buildings.
  • Eligibility: Open to homeowners, multifamily building owners, and businesses. Rebates apply to both individual LED bulbs and larger lighting systems.
  • Rebate Amount: Rebates typically cover a portion of the cost for each LED bulb or fixture, with amounts varying based on the type and number of LEDs installed. Discounts can be received directly through participating retailers or via a rebate application after purchase.
  • Application Process: Customers can purchase eligible LED products from participating retailers or apply for rebates through their utility provider by submitting proof of purchase.
    Website: LED Lighting Rebates

The Drive Clean Rebate Program

  • Overview: This program provides rebates for purchasing or leasing new electric vehicles (EVs) and includes incentives for installing EV charging stations.
  • Eligibility: Available to New York State residents purchasing or leasing a qualifying EV.
  • Rebate Amount: Up to $2,000 for a new EV.
  • Application Process: The rebate is applied at the point of sale or lease, with the dealership managing the paperwork.
    Website: The Drive Clean Rebate Program