AC Financing Long Island 2026 | $0 Down, Synchrony, PSEG Rebates

PSEG-LI's Home Comfort program is the largest single source of HVAC savings for Long Island homeowners. As of 2026:

• Heat pump (market-rate): $4,000 flat rebate
• Heat pump (income-qualified): $7,500 flat rebate
• Heat pump water heater: $1,000–$1,200 instant rebate

To qualify, the installation must meet several requirements:

• Manual J load calculation showing 100–120% sizing
• Installation performed by a PSEG-LI Participating Partner contractor (Home+ Air and Heat qualifies)
• Qualifying equipment from the PSEG-LI approved products list
• Income-qualified rebate requires household income documentation

Home+ files the rebate paperwork on your behalf as part of every qualifying install. You'll typically receive the rebate check 6–12 weeks after installation completion.

The Federal 25C tax credit is a non-refundable credit you claim on the following year's tax return. For 2026 installations:

• High-efficiency central AC (16+ SEER2): 30% of cost up to $600/year
• Heat pump: 30% of cost up to $2,000/year
• Heat pump water heater: 30% of cost up to $2,000/year (same $2,000 cap shared with HP)
• Home energy audit: 30% up to $150/year

The credit reduces your federal tax bill dollar-for-dollar but cannot exceed what you owe. If you don't owe $2,000 in federal taxes, you won't realize the full credit. Consult your tax advisor — Home+ provides the AHRI certificate and manufacturer documentation required for filing.

For homeowners who'd rather spread the cost over time, Home+ offers four Synchrony financing tiers (subject to credit approval):

Tier 1 — 0% APR for 12 Months

No interest if paid in full within 12 months. Best for homeowners expecting a year-end bonus or planning to apply tax refunds.

Tier 2 — 0% APR for 18 Months

Same deferred-interest structure, longer runway. Popular for spring installs where you want to pay off before the next cooling season.

Tier 3 — Reduced APR Fixed Payments (60–84 months)

Predictable monthly payment with a reduced APR (typically 7.99–9.99% depending on credit and term). Best for spreading a larger install across multiple years.

Tier 4 — Extended Term Fixed Payments (96–120 months)

Lowest monthly payment, longest term. Useful for combining HVAC + water heater or whole-home electrification projects.

Apply at the time of estimate — approvals are typically instant. Home+ never requires financing; cash, check, and credit card are all accepted.

Example: Nassau County homeowner installs a qualifying $13,000 central heat pump (market-rate, not income-qualified):

• Gross install: $13,000
• PSEG-LI rebate: −$4,000 (paid 6–12 weeks after install)
• Net out-of-pocket: $9,000
• Federal 25C tax credit (claimed next April): −$2,000
• True net cost after one year: $7,000

Financed on Tier 3 (84 months at 7.99% APR) on the $9,000 net: ~$140/month. After the tax credit recapture, effective net cost is closer to $7,000.

For income-qualified households, the same project nets to roughly $3,500 after the $7,500 PSEG rebate and $2,000 tax credit — often less than 24 months of utility savings vs an old oil or electric resistance system.

No email required — we'll call you.

Every estimate we provide includes a written breakdown of equipment cost, applicable rebates, expected tax credit, and Synchrony monthly payment options at multiple terms. No surprises, no high-pressure financing pitch.

Book a free in-home estimate or call (516) 259-1191.