Financing

NY Incentives/Financing Resources

Eligible incentives and financing resources include Con Edison & National Grid's Demand Reponse Programs. Both programs pay the owners of the building to reduce their electric consumption during the peak months (usually summer season) to avoid from overloading the grid.

Upfront Costs

$500 per heat pump + $100 per install, before rebates

Ongoing Costs

$0; Kelvin will provide a DR revenue sharing agreement.

Payback Period

Depends on projected carbon fines. Kelvin will finance equipment and recoup investment via Demand Response revenues.