Financing, Rebates & Incentives

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It Pays to Make Energy Efficiency Upgrades 

Even though upgrades like insulation and air sealing pay for themselves over time, the upfront installation cost is the main barrier to energy-efficiency improvements. 

At New England Smart Energy Group, we believe everyone deserves to live in a healthy, comfortable, and energy-efficient home. We can help you take advantage of incentives to reduce upfront costs so you can make the improvements your home needs.

Energize Connecticut℠ Rebates & Incentives 

Energize Connecticut helps you save money and use clean energy. It is an initiative of the Energy Efficiency Fund, the Connecticut Green Bank, the State, and your local electric and gas utilities with funding from a charge on customer energy bills.

  • Insulation Rebates: The program pays $1.70/sqft if the insulation is installed by an authorized contractor.
  • Replacement Window Rebates: The window rebate offers $100 per window for replacing single-pane windows with ENERGY STAR® certified, triple-pane windows (no storm windows).
  • Heat Pump HVAC Rebates: Save up to $15,000 on qualifying air-source heat pumps and ductless mini split heat pumps.
  • Heat Pump Water Heater Rebates: Save up to $650 on qualifying heat pump water heaters. 
  • Gas Heating Rebates: Get a $650 mail-in rebate for qualifying natural gas furnaces or a $750 mail-in rebate for qualifying natural gas boilers.
  • Gas Water Heater Rebates: Save $300 on a gas condensing water heater or tankless gas water heater with an instant discount.

A Home Energy Solutions℠ Assessment Is the First Step Toward Rebates 

The first step is to schedule a Home Energy Solutions  assessment. This comprehensive assessment has a $75 co-pay and includes on-the-spot energy-efficiency upgrades, including air sealing and duct sealing. During your home energy assessment, we’ll verify whether you qualify for additional incentives and walk you through the process of claiming your rebates. Income-eligible homeowners can receive an assessment and services at no cost!

Insulation expert staff working explaining client the process

Energy-Efficient Home Improvement Tax Credits

The Energy Efficient Home Improvement Credit reduces your federal income tax liability by 30% of your project costs for qualifying energy efficiency improvements. You can claim up to $1,200 a year on qualifying improvements and an additional $2,000 a year on heat pump and heat pump water heater installation costs. 

UpgradeMaximum Credit Amount
Insulation & Air Sealing$1,200
Replacement Windows$600
Heat Pump HVAC Systems$2,000
Heat Pump Water Heaters$2,000
Gas, Propane & Oil Heating $600
Gas, Propane & Oil Water Heating$600

Loans & Financing 

With low-interest home energy loans, you don’t have to pay a penny upfront for energy-efficiency improvements. The goal is to make upgrades that cut your energy costs by the amount of your monthly loan payment, or more! After the loan is paid off, all savings from the energy retrofits are yours for the life of your home.

Loan TypeDescription
Micro Loans0% fixed-rate loans from $1,000 to $3,000 for energy-efficient home improvements  
Smart-E LoanNo money down, low-interest loans for qualifying home improvement projects
Heating LoanUp to $15,000 financing at a 0.99% interest rate for energy-saving heating equipment
Multi-Family Property LoanBuildings with 5+ units may qualify for incentives, including financing up to 100% of the total project cost for energy-efficiency upgrades.

Don’t Miss Out on Savings—Book Your Upgrades Now 

These unprecedented savings on expensive home upgrades may not last long! We encourage you to take advantage of these generous rebates and incentives while they are still available. 

Find out how much you can save with rebates and incentives! Call 203-292-8088 or schedule a home energy assessment today. 

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