Home : Single Family Homes (1-4 Units) : Existing Buildings : Home Owner : Financing

Financing

Participants may finance energy efficiency improvements through Green Jobs - Green New York Financing* or Energy $mart Loans. Only work performed by a participating Building Performance Institute Accredited Home Performance Contractor through the Home Performance with ENERGY STAR^® Program qualifies for financing. Participants can choose from the following options to pay for the cost of work. Additionally participants may be eligible for high efficiency measure cash-back incentives.

Green Jobs-Green New York Financing*

Take advantage now of low interest loans through Green Jobs - Green New York*. Apply now through Energy Finance Solutions. Financing is available to participants in the Home Performance with ENERGY STAR^® Program to finance the installation of recommended energy efficiency improvements that may be repaid through energy savings. Interest rates are subject to change without notice.

Features:

• Low interest rates available through Green Jobs - Green New York*
• Loans of up to $25,000 per homeowner
• Select a loan repayment period of 5, 10, or 15 years
• Projects using Green Jobs – Green New York financing* must be cost-effective
• Can combine with high efficiency measure cash-back incentives

Energy $mart Loans

The following conditions apply:

• Loans up to $20,000 ($30,000 in the Consolidated Edison service territory) may be obtained on a secured or unsecured basis, at the option of the Lender and the Borrower
• Your interest rate is bought down by up to 4.0% or 400 basis points, reduced as low as 3.0%, for a term up to ten (10) years
• Procedures and conditions may vary by Participating Lender, and by loan
• Cannot combine with high efficiency measure cash-back incentives

High Efficiency Measure Incentives

To make energy efficiency even more affordable, you may be eligible to receive 10% of the cost of eligible energy efficiency improvements, up to a maximum incentive of $3,000. This incentive is available in conjunction with Green Jobs – Green New York financing*. However, this incentive cannot be combined with the Energy $mart Loan. Payment is authorized after you sign the Certificate of Completion and the program implementer reviews the project.

Additional incentives are available to income-qualified homeowners

Assisted Home Performance with ENERGY STAR provides an additional subsidy to assist income-qualified customers to pay for cost-effective energy efficiency improvements. However, customer that receive a subsidy are not eligible to receive the 10% High Efficiency Measure Incentive. The subsidy payment is made directly to the contractor after you sign the Certificate of Completion.

For more information, please contact NYSERDA’s toll free hotline: 1-877-NYSMART or 1-877-697-6278

* Financing, energy audits, and workforce development opportunities made available through the Green Jobs-Green NY Act of 2009.