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The New York State Energy Research and Development Authority (NYSERDA) has partnered with the Geothermal Alliance of Western New York on a new “GroundUp” program to bring geothermal systems to homes in Western New York with a new $128/month and $0 money down financing option. This offer is for any qualifying homeowner looking to build a new home or replace their existing heating and cooling system in their current home, and usually covers houses up to 4,000 square feet with good insulation.

NYSERDA has set aside up to $15 million, available through June 2019, for the residences, businesses and institutions. Rebates are available to qualified installers for two years or until all funds have been exhausted. The rebate will be deducted from the total cost of the system, thereby passing the savings along directly to consumers

The GroundUp package is based on state-of-the-art heat pumps that provides 12 stages of heating and cooling.  “On average, homeowners currently using oil or propane can expect to save up to 80% on heating and cooling bills with the most efficient geothermal system available. Plus home owners get a brand new system with 10 year parts and a 5 years labor warranty,” says Ryan Dailey from Dailey Electric, a GroundUp Alliance member in Penn Yan, New York.

“Instead of paying $3,000 a year in propane or oil to heat their home, the $128 a month financing brings immediate monthly savings to homeowners. They get emission-free heating, cooling and hot water, and customers will also have the most comfortable and efficient system.” says VanHee Geothermal’s Kevin Moravec, another Alliance member from Ontario, New York.

For more information, contact Belle Beachner, 585.935.7186 or belle@aces-energy.com.