Resources

At LHS HVAC, we’re committed to helping you enhance your home’s comfort and energy efficiency. Through the PSEG Long Island Home Comfort Program, you can receive substantial rebates when upgrading to energy-efficient heat pump systems.​

Rebate Opportunities

• Standard Rebates: Up to $1,000 per ton for whole-home heat pump installations.

• Income-Eligible Rebates: Enhanced rebates up to $4,000 per ton, potentially totaling $11,000 for larger systems. Psegliny​

Eligibility Criteria

• Must be a PSEG Long Island residential customer.

• Equipment must be purchased and installed by a participating Home Comfort Partner.

• Installation must meet specific energy efficiency standards and be properly sized according to ACCA Manual J version 8 procedures. Psegliny​

Additional Benefits

• Free Home Energy Assessment: Identify further opportunities to save on energy bills. Psegliny

• NYSERDA’s EmPower+ Program: Additional support for income-eligible households to make energy-efficient upgrades.​

Contact LHS HVAC today to learn more about how you can take advantage of these rebates and improve your home’s energy efficiency.

At LHS HVAC, we’re proud to help New York City homeowners take advantage of the Federal Energy Efficient Home Improvement Credit—a tax credit worth up to $2,000 when you upgrade your home’s HVAC system.

What Is It?

You can receive 30% back (up to $2,000) on qualifying heat pumps, heat pump water heaters, or biomass heating systems—covering both equipment and installation costs. This credit is available through 2032.

Do You Qualify?

• You must live in the home as your primary residence

• The upgrade must be to an existing home (not new construction)

• Equipment must meet energy-efficiency requirements

How to Claim It

We make it easy. After installation, simply file IRS Form 5695 with your federal tax return for the year your system was installed.

Bonus Savings

Combine this tax credit with New York State rebates and utility incentives to save even more. We’ll help you understand what programs apply to your situation.

Call LHS HVAC today to schedule your energy-efficient upgrade and start saving!

Serving New York City and surrounding areas.

Air Source Heat Pumps (ASHPs):

• The NYS Clean Heat program provides incentives for installing residential ASHPs for space heating and cooling.
• Incentives are available to help offset the cost of purchasing and installing these energy-efficient systems.
• The incentive amounts can vary based on the capacity and performance of the ASHP system.
• For space heating projects, incentives are typically paid to Participating Contractors, who then pass the incentive (minus any Contractor Reward) to the customer.
• There are limited-time promotional incentives for Residential ASHP in 2024.

Heat Pump Water Heaters (HPWHs):

• The program also offers incentives for the installation of residential HPWHs.
• HPWHs are highly efficient water heating systems that can significantly reduce energy consumption.
• Incentives are available to encourage homeowners to switch to these more efficient water heating options.

General Program Details:

• The NYS Clean Heat program is a collaboration between New York Electric Utilities and NYSERDA.
• Projects must meet specific program requirements to be eligible for incentives, including equipment specifications and installation standards.
• Con Edison’s program has specific details and funding limitations, such as a $10 million monthly expenditure limit. They also have sectoral allocations and monthly allocations for residential contractors.

Federal and State Tax Credits

• The provided information primarily focuses on the NYS Clean Heat rebate program. It does not give specific details about federal or state tax credits.
• However, it’s important to be aware that federal tax credits (potentially under the Inflation Reduction Act) and possible state tax credits may be available for installing energy-efficient heat pump systems.
• To get the most accurate and up-to-date information on these tax credits, it is recommended to:

• • Consult with a tax professional.

• • Refer to official government resources, such as the IRS website for federal credits and the NY State government website for state credits.

Key Takeaways:

• The NYS Clean Heat program offers rebates for both residential ASHP upgrades and HPWH installations.
• These rebates aim to lower the upfront costs of switching to these energy-efficient technologies.
• While the program provides rebates, separate federal and state tax credits may also be available.
• It’s essential to research and understand the specific requirements and eligibility criteria of the NYS Clean Heat program and any potential tax credits.

Disclaimer: Tax laws and rebate programs can change. Always verify the latest information with official sources and professionals before making decisions.

For more information visit NYS website and Ut

 https://www.nyserda.ny.gov/PutEnergyToWork/Energy-Program-and-Incentives/Heating-Cooling-Ventilation-Programs-and-Incentives

 https://cleanheat.ny.gov/financing-options/

 https://cleanheat.ny.gov/find-available-rebates/

 https://cleanheat.ny.gov/inflation-reduction-act-tax-credits/

 https://www.coned.com/en/save-money/rebates-incentives-tax-credits/rebates-incentives-tax-credits-for-residential-customers/electric-heating-and-cooling-technology-for-renters-homeowners/save-on-a-central-air-source-heat-pump

For sample rebate and tax savings go one of the manufacturer’s website for detailed calculation

•       https://lghvac.com/homeowners-resources/rebates-incentives/
•       https://www.carrier.com/residential/en/us/homeowner-resources/rebates/ecorebates/
•       https://daikincomfort.com/buyers-guide/rebates-and-offers/inflation-reduction-act
•       https://www.mitsubishicomfort.com/rebates

Schedule free estimate and rebate calculation email/ call LHS HVAC