Funding Your Projects

In the long run, increased efficiency and renewable energy sources will save you money. However, there are up-front costs for these projects that can prevent your plans from becoming reality. The good news is that, even after the repeal of many tax credits and rebates provided under the Inflation Reduction Act of 2022, there are several sources of financial support for your energy projects, although they have conditions that must be met. The presentation from the PREP workshop on financial incentives in April 2026 quickly runs through the options available or anticipated then. More information appears below.

• The Monadnock Sustainability Hub's Electrify Monadnock Fund launched at the end of May 2026 and provides up to $7000 toward a variety of energy projects undertaken by residents of the Monadnock region. Visit the Hub's Electrify Monadnock Fund webpage for details and to get started.
• One residential tax credit remaining from the Inflation Reduction Act provides up to $1000 for an electric vehicle charger installed in your home by June 30, 2026.
• Residents of single-family detached homes in Peterborough (and Harrisville) can take advantage of HeatSmart+ but must do so soon since the funds provided by the grant that created this program have nearly been distributed. Visit the HeatSmart+ webpage for details and to get started.
• While the tax credits have mostly expired, the federal rebate programs administered by the State of New Hampshire were not canceled and are slated to launch in 2026. The Home Electrification and Appliance Rebates (HEAR) program will provide rebates for various energy upgrades, including as much as $8000 for heat pumps to heat and cool your home. You must wait for the program to launch before embarking on your project. Funding is not available retroactively. Check the NH Department of Energy site for other funding opportunities for homeowners.
• Rebates and other money-saving programs offered by NHSaves are available now. If your income is no more than the state median for your household size, then you should qualify for a program that provides an energy audit and up to $15,000 for weatherization of your home, such as insulation and air sealing. Look for details at NHSaves under the heading "Increased Benefits for Income Qualifying Eversource Customers" and get started by going to the Income Verification Portal linked there. Whatever your income, qualifying homes (meaning ones that are poorly weatherized) can earn up to $6000 in rebates for an energy audit, insulation, air sealing, and other forms of weatherization.
• Talk to your bank or credit union to see if they offer discounted loan rates for energy efficiency work on your home or for buying new or used electric vehicles.