Residential Financing

When Financing Makes Sense for a Home

Most homeowners who finance with us are in one of three situations. The first is an emergency: a boiler that cracks in January or a central air system that fails in a July heat wave, where waiting to save up is not an option. The second is a planned upgrade, such as replacing a 25-year-old oil boiler or adding a ductless mini-split to rooms the original system never reached. The third is a whole-home change, such as moving from oil to a cold-climate heat pump, where spreading the cost makes a better long-term choice affordable now.

In each case we start with an honest repair-or-replace assessment. If a repair makes more sense than a new system, we will tell you, and many repairs do not need financing at all.

Equipment Homeowners Commonly Finance

• Central air conditioners sized with a Manual J load calculation, including replacements for undersized or failing systems; see AC installation
• Gas and oil furnaces, hot-water and steam boilers, and combination boilers that also supply hot water; see heating installation
• Single-zone and multi-zone ductless mini-splits for additions, attics, sunrooms and homes without ducts
• Ducted and ductless cold-climate heat pumps, often with the existing boiler kept as backup
• Whole-home indoor air quality equipment and major repairs

How to Apply and What to Have Ready

Use the Apply Online button on this page to open the Synchrony Bank application for Rheem KwikComfort, or ask us to help you start it during the in-home estimate. You will be asked for your name, address, contact details, date of birth, Social Security number and income, so have those ready, along with our written estimate so you know how much to request.

Enter personal and financial information only on Synchrony Bank's secure application. Synchrony Bank reviews the application and sets the credit limit, rates, terms and any promotional offer that applies.

Planning Your Project

Once you are approved and accept the estimate, we schedule the installation based on equipment availability and our schedule at the time. Most furnace, boiler and central air replacements take one to two days; multi-zone ductless and oil-to-heat-pump projects can take longer. Many Long Island towns and villages require a permit for new heating and cooling equipment. K2 does not file town permits, so confirm the requirements with your building department before the installation is scheduled.

If you are replacing an oil system, think about the oil tank and the chimney early. A tank that is no longer needed must be removed or properly abandoned by a licensed tank contractor under county rules, and a new high-efficiency appliance may vent differently from the old one. We explain these steps during the estimate so the financed amount covers what the project actually needs.

Rebates and Financing

Rebates and financing are separate. Qualifying cold-climate heat pumps may be eligible for PSEG Long Island Clean Heat rebates, which are claimed through a PSEG Long Island participating contractor or directly with PSEG Long Island; amounts and eligibility change, so confirm current terms at psegliny.com. K2 is not a PSEG participating contractor and does not file rebate applications. See our main financing page for how KwikComfort works in more detail.