Savings, Benefits, Financial Incentives

Below are some representative examples of savings from implementing energy-efficient solutions.

Example 1: poor attic insulation, 1,400 square feet area:

1. Replace fiber insulation with 6-inch cellulose dense fill R-22

2. Material and installation cost: $3,750

3. Fuel savings: $815 / year (assumes $4.50 / gallon oil)

4. Payback: less than 5 years

Example 2: seal and insulate joist band, 180 linear feet:

1. Material (2-inch polyisocyanurethane foam R-12) and installation cost: $1,500

2. Fuel savings: $350 / year (assumes $4.50 / gallon oil)

3. Payback: about 4 ½ years

Government agencies offer a variety of financial incentives to encourage home and business owners to make energy-saving changes to their houses and buildings. In New York State, several incentives to promote energy savings measures and to implement energy efficiency solutions are provided by New York State Energy Research and Development Authority (NYSERDA).

GetEnergySmart website gives more detailed information about several financial incentives currently available.

Energy Savings Plus will help you understand the costs and benefits of various energy savings solutions, showing you how you can take advantage of the most recent financial incentives. For example:

Single-family to Four-Family Homes
Grants for eligible families and loans are available to improve insulation levels, install efficient windows, ENERGY STAR® appliances, and heating or cooling systems.

Energy $mart Loan Fund
Interest rate reductions of 4% and for up to 10 years are available for energy-efficiency projects.

Businesses
Several programs are available to businesses under NYSERDA.

Energy Savings Plus provides guidance and assistance to help you benefit from these programs!