Who pays for the energy-efficient home improvements?
The best part of the Long Island Green Homes program is that there are no up-front costs to the homeowner for the improvements. Even the nominal fee for the Home Performance Evaluation will be applied to the cost of the improvements. Once the licensed contractor you have hired to make the improvements to your home has completed the work, the Town will directly pay the contractor. The homeowner will then pay the Town for the improvements on a monthly basis for an amount and term that is agreed upon in advance. In most cases the savings from reduced energy bills will be greater than the cost of the improvements meaning the home owner will have a positive cash flow. The money that was going to the utility companies now goes to make your home greener and healthier. Once the improvements are completely paid for all of the savings go directly to the homeowner.
