LaMorte Electric Heating and Cooling
  • Home
  • About Us
    • About Us
    • Contact Us
    • Reviews
    • LaMorte Blog
    • Gallery
    • Internal
  • Services
    • Electrification Services
    • Air Source Heat Pumps >
      • About Heat Pumps
      • Mitsubishi Products
      • Accessories
      • Maintenance
      • User Tips
    • Electric Service Upgrade
    • Heat Pump Water Heater
    • Pricing
  • Incentives and Rebates
    • NYS Rebates
    • Tax Credits
  • Financing
    • Green Jobs - Green NY
    • Synchrony
  • Home
  • About Us
    • About Us
    • Contact Us
    • Reviews
    • LaMorte Blog
    • Gallery
    • Internal
  • Services
    • Electrification Services
    • Air Source Heat Pumps >
      • About Heat Pumps
      • Mitsubishi Products
      • Accessories
      • Maintenance
      • User Tips
    • Electric Service Upgrade
    • Heat Pump Water Heater
    • Pricing
  • Incentives and Rebates
    • NYS Rebates
    • Tax Credits
  • Financing
    • Green Jobs - Green NY
    • Synchrony

LaMorte Blog

NYSERDA Air Source Heat Pump Program

5/13/2019

14 Comments

 
NYSERDA, the New York State Energy Research and Development Authority, has just expanded it's Air-Source Heat Pump (ASHP) Program as of April 2019. This program is similar to the better known Solar Program which offers rebates and financing options for solar panel projects. Previously this ASHP Program offered a $500 rebate on the installation of high efficiency cold-climate air-source heat pumps. NOW, for whole house applications there is an expanded rebate program which offers a rebate to the customer of $1000 per ton of the outdoor unit!

Another very important part of this new program expansion by NYSERDA is the addition for customers to get low interest, no money down financing through the state for these systems. The interest rates range from 3.49-7.49% where lower income households can qualify for the lowest rate! This new option to finance these systems will significantly increase it's affordability especially for low income households where these systems might be a no brainer in efficiency and cost, but there are issues in getting a significant chunk of money together at one time. 

There are two types of financing available: On-Bill financing and Smart Energy Loans.

On-Bill Financing:
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.
Terms. 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.

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

This program expansion is an extension of the Green Jobs Green New York initiative. New York State currently has the goal of cutting our green house gas emissions by 80% by 2050. Air-source heat pumps are going to be a large part of that. They are an environmentally friendly and efficient way to heat your house and/or your business. 



14 Comments

    Author

    Here we, the owner's, of LaMorte Electric Heating and Cooling share the many strange and scary things that we see out in the world of construction. 

    Archives

    May 2019
    March 2019
    February 2019
    January 2019

    Categories

    All

    RSS Feed

Home
About Us
Contact Us
Reviews
LaMorte Blog

Gallery
Financing
Electrification Services
Air Source Heat Pumps
Mitsubishi Products
ASHP Accessories
​
Maintenance

Rebates
Pricing
LaMorte Electric was founded by Brian LaMorte  to provide quality electrical and HVAC contracting services to Ithaca, Tompkins County and the surrounding areas. Brian is a highly skilled and licensed electrician in the City of Ithaca. We specialize in everything from electrical repairs, to generator sales/installs, to car charger installs, to furnace and air conditioner sales, installs and repairs. 

If you need a licensed Electrical or HVAC contractor then contact us.
LaMorte Electric Heating and Cooling
LaMorte Electric Heating and Cooling
Picture
LaMorte Electric Heating and Cooling is proud to be an Inclusive employer. We support the LGBTQ+ community!
Tompkins County Living Wage
LaMorte Electric Heating and Cooling is proud to be a Tompkins County Living Wage Employer.
Picture
LaMorte Electric Heating and Cooling is proud to be listed on the Sustainable Finger Lakes map. We are proud to be a part of their regional sustainability movement.
NYSERDA
LaMorte Electric Heating and Cooling is proud to be a NYSERDA qualified air source heat pump installer.
Picture
LaMorte Electric Heating and Cooling is proud to be an Elite Mitsubishi Electric Diamond Contractor.
Lamorte Electric - 607-229-4576
​1570 Danby Road, Ithaca NY 14850