Financing Options for Energy Efficiency
Low Interest Financing

Low Interest Financing

Low-Interest Financing Options

State and Utility-Sponsored Loan Programs

  • Description: New York State collaborates with utilities and capital firms to offer low-interest loans for energy efficiency projects, helping to reduce the initial financial barrier for homeowners and businesses.
  • Programs:
    • NYSERDA’s On-Bill Recovery Loan Program: Allows consumers to finance energy improvements through a loan that is repaid via an on-bill financing mechanism.
    • Utility-Sponsored Loans: Utilities like National Grid and Con-Ed offer special financing options for energy-efficient upgrades through partnerships with financial institutions.