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Go Green & Save
There is a huge variety of financial incentives at the City, State, and Federal level for making sustainable improvements to your home and business in Philadelphia. As these are always changing, make sure to check back often and please let us know if you discover anything out of date on this site.
Go Green & Save
There is a huge variety of financial incentives at the City, State, and Federal level for making sustainable improvements to your home and business in Philadelphia. As these are always changing, make sure to check back often and please let us know if you discover anything out of date on this site. It’s always worth checking the Database of State Incentives for Renewables and Efficiency (DSIRE) for current local, state, and federal incentives.
General Energy Efficiency Improvements:
Federal Tax Credits for Energy Efficiency are available for the purchase of an energy-efficient product or renewable energy system for your home. You may be eligible for a 30% federal tax credit, but many credits expire in December 2011, so act fast.
The Keystone Help Energy Efficiency Loan and Rebate Program provides Pennsylvania homeowners who meet the program’s eligibility guidelines with a low cost loan or a rebate for energy-saving eligible improvements.
http://ecasavesenergy.org/energyworksEnergy Works is a great program available to Philadelphia and suburban homeowners that for a limited time, offers heavily discounted energy audits and low interest loans (0.99%) on energy efficiency improvements. Instead of paying $400 for an energy audit, through EnergyWorks you only pay $150, with $50 reimbursed after you make recommended energy efficiency improvements.
Pennsylvania’s Weatherization Assistance Program provides assistance for households with an income at or below 200% of the federal poverty level to increase energy efficiency in their homes by reducing energy costs.
The PECO Low Income Usage Reduction Program (LIURP) can help lower the amount of gas and electricity used in your home. Through the program, weatherization measures are installed in your home and you receive conservation education, free of charge.
If you’re still using PECO as your energy supplier, you can save by changing to another company. www.papowerswitch.com lets you comparison shop for better deals from other suppliers, including many that offer electricity from alternative sources, like wind. Also visit the site of the Office of the Consumer Advocate for a list of renewable providers that are also likely to be cheaper than PECO.
When searching for an alternative energy supplier, it’s important to realize that not all “green power” options are the same. Penn Future has a great site that explains the differences.
Heating, Cooling, and Appliances:
http://www.paheatingrebates.com/get-your-rebatePECO Smart Home Rebates are available for new ENERGY STAR® appliances or heating and cooling systems purchased since July, 2009 and on future purchases.
The PECO Smart Gas Efficiency Upgrade Rebate Program offers a $300 rebate on a new heating system, and/or a $50 rebate on a new residential water heater.
The PECO Natural Gas Conversion Rebate/Credit Program offers a $400 rebate, in addition to any other PECO rebates you may receive, for converting to natural gas heating from another fuel source.
The PECO Smart Appliance Recycling Rebate offers a $15 rebate and recycles your second refrigerator.
PECO Smart Lighting Discounts offers reduced CFL bulb prices. Participating stores include Lowe’s and Home Depot.
PECO Smart A/C Saver is a great new program that credits you up to $120 annually for allowing PECO to install a programmable thermostat that turns off your central air unit for a few minutes per hour on high energy use summer days.
Energy Efficient Mortgages:
Energy Efficient & Improvement Mortgages allow you to qualify for a larger loan amount and a more energy-efficient home, or to use anticipated utility bill savings to finance energy improvements. The federal government has more on information on energy efficient mortgages.
The Pennsylvania Sunshine Program provides homeowners and small business owners with rebates on photovoltaic and solar hot water projects. Households may receive a PV rebate up to $2,000.
The Federal Residential Renewable Energy Tax Credit provides a 30% credit for solar, geothermal and wind systems installed by 2016. There is no maximum credit.
The Pennsylvania DEP offers rebates on the purchase a new plug-in hybrid, plug-in electric, natural gas, propane, or hydrogen fuel cell vehicle.
Low Interest Loans:
Energy Works is a great program available to Philadelphia and suburban homeowners that for a limited time, offers heavily discounted energy audits and low interest loans (0.99%) on energy efficiency improvements.http://www.philaloan.com/
Philadelphia Home Improvement Loans are available at interest rates of either 3% or 5%, depending on your household income, and can be used to pay for a wide variety of home improvement projects, including energy efficiency upgrades.
Pennsylvania’s Renovate & Repair Loan Program pays for repairs and improvements that increase the basic livability of the home, including additions and construction that make the home more energy efficient.
Beneficial Bank offers special solar energy loan packages.
The Stormwater Management Incentives Program through PIDC offers incentives and assistance to non-residential PWD customers, including financing for stormwater management practices. Loans of $75,000 to $1,000,000 1.00% fixed rate over terms of up to 15 years.
The EnergyWorks Loan Fund provides loans of $100,000 to $2.5 million to Philadelphia businesses at interest rates as low as 3.5% for projects making building energy efficiency improvements in retrofits or new construction and/or to upgrade machinery and equipment to more energy-efficient alternatives.
Federal incentives are also listed in detail in the DSIRE database.