PSEG Long Island has announced its 2026 Business First financial incentive programs, offering grants, rebates and other support aimed at helping local businesses grow while investing in energy efficiency and electrification.
The utility, which runs the region’s power grid, said the programs include grants of up to $125,000 along with hundreds of thousands of dollars in rebates for projects such as electric vehicle charger installations, heating and cooling upgrades, and other energy-saving improvements.
Long Island’s economy relies heavily on small businesses, with about 90 percent of companies in the region classified as small businesses. PSEG Long Island officials said the programs are designed to strengthen downtown business districts, support job creation and encourage economic development. Since the program began in 2018, the company has distributed more than $3.4 million in grants to hundreds of local businesses.
One of the key initiatives is the Community Thrive program, which offers grants of up to $10,000 for chambers of commerce, business improvement districts and civic associations to support projects that encourage dining, shopping and activity in local downtown areas. Applications for the program will be accepted through Sept. 30.
Another program, the Main Street Revitalization grant, provides businesses with awards ranging from $2,500 to $100,000 for renovation or expansion projects that improve commercial districts. Eligible work may include interior upgrades, façade improvements and streetscape enhancements. Projects are evaluated based on economic impact, job creation and benefits to the surrounding community.
The Vacant Space Revival Program offers up to $10,000 in electric bill credits for new businesses occupying commercial spaces that have been vacant for at least one year, helping offset costs during the critical first year of operation.
PSEG Long Island is also offering rebates and incentives for energy efficiency upgrades, including heat pump water heaters, refrigeration systems, heating and cooling equipment and ventilation systems. Multi-family buildings may qualify for rebates of up to $4,000 per apartment for heating and cooling improvements.
Additional incentives are available for businesses installing electric vehicle chargers or transitioning vehicle fleets to electric power, including infrastructure incentives of up to $200,000.
Business owners can learn more about available grants and rebates by contacting PSEG Long Island’s Business First advocates, who provide guidance on available programs and application assistance. For more info, go to psegliny.com/businessfirst