Philadelphia homeowners have a number of financing options available to them to help manage the cost of energy upgrades. Listed here are some of the Philadelphia area programs and information about federal tax credits as well.
PGW customers can get up to $3,000 in rebates and other incentives for installation of energy efficient improvements to their homes. A participating contractor can offer the benefits of the PGW EnergySense Home Rebates program along with financing from KeystoneHELP.
Spruce Finance Loan Program
Spruce unsecured loan options make energy investments affordable for many Philadelphia homeowners. They offer products that work with a range of financial needs to make it possible for more homeowners to finance home energy improvements. Homeowners can invest in a number of improvements including HVAC equipment, whole home tankless water heating systems, energy efficient windows, roofing, insulation, lighting, and Energy Star appliances that will make your home more energy efficient.
Keystone Home Energy Loan Program (KeystoneHELP)
KeystoneHELP is a public/private partnership between Renew Financial, the Pennsylvania Treasury, and PENNVEST. This program helps Pennsylvania homeowners improve the energy efficiency of their homes with affordable, low cost loans for high efficiency improvements through the Home Performance with ENERGY STAR program. The unsecured loan funds projects such as upgrading to high efficiency heating and air conditioning systems, insulation, windows, doors, geothermal systems, and whole house improvements. A registered KeystoneHELP contractor can assist homeowners through the process of obtaining a loan with the program.
Federal Energy Efficiency Tax Credits
Homeowners making their homes more energy efficient with ENERGY STAR appliances and improvements can reduce high energy bills, improve the comfort of their homes, and protect the environment. Homeowners that purchase energy efficient products or a renewable energy system may be eligible for federal tax credits. A professional contractor can help homeowners decide which system is right for their home, and can also help with applying for any tax credits. More information is available at the Database of State Incentives for Renewables & Efficiency at http://www.dsireusa.org.