Looking to save on home upgrades?
Find incentives with Princeton AIr
609-779-2030
Residential and commercial customers in New Jersey and Pennsylvania can lower the cost of many services that Princeton Air offers thanks to incentives like rebates and tax credits offered by federal and state governments or local utility companies.
Below you can find an overview of the different programs available. Because incentive programs are often changing, the best way for you to find out exactly how much you qualify for is to give our team a call. We’re happy to provide you with more information on how these programs work and what your total estimated savings could be.
Energy Efficient Home Improvement Tax Credits
The 25C tax credit, also known as the Energy Efficient Home Improvement Credit, allows homeowners to take a tax credit of up to 30%, with an annual cap of $3,200. This federal tax credit incentive was made possible by the Inflation Reduction Act, and a variety of home improvement upgrades are eligible, including:
- Ducted heat pumps and ductless mini splits
- Heat pump water heaters
- High-efficiency furnaces, boilers, and central air conditioners
- High-efficiency water heaters
- Insulation and air sealing
- Energy audits
- Electrical panel upgrades
- And more
Residential Clean Energy Tax Credit For Geothermal Heat Pumps
A separate 30% federal tax credit is also available for geothermal energy systems. This tax credit has no annual cap, and unlike the Energy Efficient Home Improvement Credit, you can roll over any unused credit balance to the following year. It offers thousands of dollars in savings that help homeowners upgrade to one of the most efficient and long-lasting heating and cooling systems available today.
Residential Rebates & Financing Through Your Local Utility
Princeton Air has partnered with local utility companies to provide incentives for our customers, including financing and rebates for energy efficiency upgrades to their homes. Our team is knowledgeable about these programs and can even help you navigate and fill out the paperwork. Princeton Air is also the only contractor that guarantees your rebate payments!
The rebate and incentive amounts can vary depending on the utility, but in many instances you can expect:
- Rebates on appliances and HVAC equipment ranging from $100 to $1,500 or more
- 0% interest For 84 Months or 120 Months On-Bill Repayment Program (OBR) financing
- Higher incentive offerings for low and moderate income households
Services and appliances that commonly qualify for these utility incentive programs include:
- Heating and cooling installation
- Ducted heat pumps
- Ductless mini splits
- Geothermal heat pumps
- Central air conditioning
- Furnaces
- Boilers
- Insulation, air sealing, and other home performance upgrades and services
- Energy audits
- Hot water heaters
- Smart thermostats
- And more
Today, most of New Jersey’s rebate and financing programs are run directly by the state’s electric and gas utilities. In Princeton Air’s service area, those utilities include:
- PSE&G Residential Incentives
- Jersey Central Light & Power Residential Incentives
- Jersey Central Light & Power - NEIF Financing
- Elizabethtown Gas Residential Incentives
- New Jersey Natural Gas Residential Incentives
The area we serve in Bucks County, Pennsylvania is serviced by:
What Is On-Bill Repayment (OBR)?
On-bill repayment is a great way to take advantage of energy efficiency upgrades immediately. It offers zero interest financing for 84 months or 120 months, with the monthly repayment portion conveniently added to your existing utility bill, so there are no additional statements or accounts to worry about. The length and terms of on-bill repayment programs will vary depending on the utility, the energy efficiency upgrades you make, and other factors.
Manufacturer Rebate Promotions
For limited periods throughout the year, manufacturers may offer promotions that include additional rebates for specific equipment purchases. Special offers like these come from industry-leading brands on their best equipment, like Trane heat pumps, Lennox Comfort Systems, and Mitsubishi Electric Heating & Cooling Systems. To see which manufacturers (if any) are currently offering additional rebates and find out about the eligibility requirements, speak with your Princeton Air representative for complete eligibility requirements.
Commercial Rebates & Incentives
The same New Jersey and Pennsylvania utility companies in our service area that help homeowners save money also offer incentives for businesses and organizations making energy efficiency upgrades to commercial buildings, including rebates as well as low or no-cost financing.
- PSE&G Commercial Incentives
- Jersey Central Light & Power Commercial Incentives
- Elizabethtown Gas Commercial Incentives
- New Jersey Natural Gas Commercial Incentives
- PECO Commercial Incentives
Energy Efficient Commercial Buildings Deduction
There is also a recently updated tax deduction incentive under Section 179D of the tax code for energy efficiency upgrades in commercial buildings, covering services in the following categories:
- Heating and cooling
- Ventilation
- Hot water systems
- Interior lighting
- Building envelope
Find out how much you can save on home upgrades today. Call 609-779-2030 or contact us online.
Manufacturer Rebate Promotions
For limited periods throughout the year, trusted manufacturers that Princeton Air works with may offer promotions that include additional rebates for specific equipment purchases. Please visit our Special Offers page for all currently available promotions, and reach out to our team for complete eligibility requirements.
Financing Options*
* All Special Payment options are subject to credit approval by the lending agencies themselves; Princeton Air has no control over, or involvement in, the credit approval process.
We know that most people don't have a "rainy day fund" large enough to purchase a new HVAC system, and the few who do weren't necessarily planning on investing it on a new comfort system. That’s why we offer financing options.
On-Bill Repayment Programs
Instead of working with a private lender to finance your home improvement project, many of our New Jersey customers can qualify for an on-bill-repayment program directly through your utility. This financing option is often 0% interest, and simply shows up as an additional line item on your monthly bill!
Princeton Air has established relationships with several lending agencies so we can offer multiple payment options for our customers to benefit from, including:
Wells Fargo
Buy today, pay over time with the Wells Fargo Home Projects credit card, issued with an approved credit card by Wells Fargo Bank, N.A. an Equal Housing Lender
Choose from the following options:
- 0% APR for 24 months1
- 9.99% APR with 96 equal monthly payments.2
- Minimum purchase of $10,000 required. No interest if paid in full within 12 months. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within the promotional period.3
1 The Wells Fargo Home Projects credit card is issued by Wells Fargo Bank, N.A., an Equal Housing Lender. Special terms apply to qualifying purchases charged with approved credit. The special terms APR will continue to apply until all qualifying purchases are paid in full. The monthly payment for this purchase will be the amount that will pay for the purchase in full in equal payments during the promotional (special terms) period. The APR for Purchases will apply to certain fees such as a late payment fee or if you use the card for other transactions. For new accounts, the APR for Purchases is 28.99%. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. This information is accurate as of 01/01/2021 and is subject to change. For current information, call us at 1-800-431-5921.
2 The Wells Fargo Home Projects credit card is issued by Wells Fargo Bank, N.A., an Equal Housing Lender. Special terms apply to qualifying purchases of $10,000 or more charged with approved credit. The special terms APR of 9.99% will apply to the qualifying purchase, and 96 monthly payments equal to 1.52% of the original special terms balance are required. The advertised terms are an estimate assuming required monthly payments are made on the payment due date; no other balances are currently carried or will be carried on the account; and no additional charges are or will be added to the account. Because your actual account activity may be different than the assumptions used, or because of rounding, the number of payments or the final payment amount could be different than the advertised terms. The special terms APR will continue to apply until all qualifying purchases are paid in full. The APR for Purchases will apply to certain fees such as a late payment fee or if you use the card for other transactions. For new accounts, the APR for Purchases is 28.99%. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. This information is accurate as of 01/01/2021 and is subject to change. For current information, call us at 1-800-431-5921.
3 The Wells Fargo Home Projects credit card is issued by Wells Fargo Bank, N.A., an Equal Housing Lender. Special terms apply to qualifying purchases charged with approved credit. Minimum monthly payments are required during the promotional (special terms) period. Interest will be charged to your account from the purchase date at the APR for Purchases if the purchase balance is not paid in full within the promotional (special terms) period. Paying only the minimum monthly payment will not pay off the purchase balance before the end of the promotional period. For new accounts, the APR for Purchases is 28.99%. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. This information is accurate as of 01/01/2021 and is subject to change. For current information, call us at 1-800-431-5921.
Make your home upgrades more affordable with Princeton Air. Call 609-799-3434 or contact us today to find out which programs and incentives you qualify for.
