LaMorte Electric Heating and Cooling offers a few​ ​different options for financing. Here is a look at the options we offer to our customers. Feel free to give us a call if you have any questions or would like to pursue any of these options.

Green Jobs Green New York Financing
Through the New York State Energy Research and Development Authority (NYSERDA), we are able to offer two loan options to our customers: On-Bill Recovery and Smart Energy Loans. These loans offer the most flexibility with term length options of 5, 10 or 15 years. Loans are available for amounts from $1,500 to $25,000. There are interest rates as low as 3.49% available to low and moderate income households. Click the link below to find your interest rate options.

• On-Bill Recovery Loan
  ​The on-bill recovery loan is a loan where the payments are added to your monthly electric bill. Because the loan is attached to the electric account, it makes this loan easily transferable to a new homeowner if the home is sold. 
• Smart Energy Loans
  The smart energy loan is more similar to a standard loan. These payments would be maid directly to NYSERDA's loan service rather than through you electric bill like the on-bill recovery loan.

Each of these loans options have a $150 financing fee to be paid to Energy Finance Solutions (EFS), NYSERDA's loan service partner. This fee can be rolled into the total amount of the loan. These loans do not have any extra costs or fees to be paid to LaMorte Electric Heating and Cooling, but these loans do tend to create a delay in installation because of the time it takes to get an approval.

NYSERDA Residential Financing

Residential Interest Rate Estimator

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Synchrony Financing
Synchrony Financing offers consumer financing in the form of credit card promotional offers on home improvements with participating contractors. Applying for Synchrony Financing is an application for a credit card. Synchrony offers us four different promotional offers:

• 9.99% APR Until Paid in Full
  • Minimum Monthly Payments of 1.25% of Total
  • Estimated 132 Months to Payoff Promotion
• 7.99% APR Until Paid in Full
  • Minimum Monthly Payments of 2.00% of Total
  • Estimated 61 Months to Payoff Promotion
• 5.99% APR Until Paid in Full
  • Minimum Monthly Payments of 3.00% of Total
  • Estimated 37 Months to Payoff Promotion
• No Monthly Interest if Paid in Full within 18 Months
  • Minimum Monthly Payments of 2.50% of Total
  • If the Promotional Offer is not paid within 18 months, interest at a rate of 26.99% will be charged to your account from the date of purchase. Because of this we strongly suggest having a backup option to refinance this offer or transfer this offer to a different credit card in case the promotional balance cannot be paid within the 18 months.

All financing options through Synchrony Financial will have a one time financing fee of 6.78% of the amount to be financed. This is what Synchrony Financial charges us to participate in these programs. We do not mark up this fee. 

***NEW: From May 1, 2020 - December 31, 2020 the one time financing fee is 4.55% of the amount to be financed***

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Please also take a look at our Rebates and Incentives page to see what other financial opportunities might be available to you for your situation and/or your project. ​