HVAC Financing

How Rheem KwikComfort Financing Works

Rheem KwikComfort is a consumer credit program built for heating and cooling purchases. When you apply, Synchrony Bank reviews your application and, if you are approved, opens a revolving credit account with a credit limit it sets. You use that account to pay for the work K2 performs, then make payments to Synchrony Bank under the terms of your account.

Because it is a revolving account rather than a one-time loan, the credit line can usually be used again for later heating and cooling work at contractors that accept KwikComfort, subject to your available credit and the account terms. Synchrony Bank also runs promotional financing offers from time to time on qualifying purchases. Which offers are available, and exactly how they work, depends on the program at the time you apply, so read the offer details and account terms carefully before you accept.

K2 does not lend money, set rates or decide who is approved. Our role is to give you an accurate written estimate for the work, help you start the application if you would like, and complete the installation once the financing is in place.

What You Need to Apply

The application is completed online through Synchrony Bank, either on your own or with us during the in-home estimate. Have the following ready so it goes smoothly:

• Your full legal name, home address, phone number and email address
• Your date of birth and Social Security number, which the lender uses to review your credit
• Your annual income and basic housing information, such as whether you own or rent
• Our written estimate, so you know the amount you want to finance

Only enter personal and financial details on Synchrony Bank's secure application, never in an email or text message. If anything about the application is unclear, call (631) 414-7141 and we will walk you through where to find it.

Timeline: From Estimate to Installation

Most financed projects follow the same order. First, a K2 technician or comfort advisor visits, measures the heating and cooling load of the house and writes up the options that fit. Next, you choose the system and apply for financing. Synchrony Bank often returns a decision quickly, but some applications need more review. Once you are approved and have accepted the estimate, we schedule the installation based on equipment availability and our schedule at the time; we do not promise specific installation dates.

A typical furnace, boiler or central air replacement takes one to two days once work starts. Ductless and heat pump projects range from a day for a single-zone system to several days for larger multi-zone or oil-to-heat-pump projects. If your town or village requires a permit for the work, confirm the requirements with your building department before installation is scheduled; K2 does not file town permits.

Which Jobs Qualify

Financing can be used for most of the heating, cooling and indoor air quality work we perform for homeowners, including:

• New central air conditioners and full system replacements; see air conditioning installation
• Gas and oil furnaces, hot-water and steam boilers and combination boilers; see heating installation
• Cold-climate heat pumps and ductless mini-splits, including projects that move a home off oil
• Major repairs, such as compressor or heat exchanger work, when a repair is the better choice than replacement; see heating repair and AC repair
• Indoor air quality equipment such as whole-home humidifiers, dehumidifiers and air cleaners

Whether a particular amount is approved is up to Synchrony Bank. Smaller jobs, such as tune-ups and routine repairs, are usually paid directly, and our maintenance plans spread the cost of yearly service.

Rebates Are Separate from Financing

Qualifying cold-climate heat pumps may be eligible for PSEG Long Island Clean Heat rebates. Rebates are claimed through a PSEG Long Island participating contractor or directly with PSEG Long Island, and amounts and eligibility change, so confirm current terms at psegliny.com before you plan the purchase. K2 is not a PSEG participating contractor and does not file rebate applications, so plan your financing around the full project amount.