NYSERDA - Energy Star Financing Program

January 20, 2011


NYSERDA, in partnership with Energy Finance Solutions (EFS), offers an unsecured loan for the installation of qualified energy efficient and renewable energy measures in owner-occupied 1-2 family homes. EFS administers the loans, but NYSERDA subsidizes the interest rates, resulting in favorable terms for program participants. To initiate the loan, a Comprehensive Home Assessment (CHA) must be performed by a certified Building Performance Institute (BPI) contractor, which may cost a small fee. After the CHA is performed, the borrower will work with the contractor to decide what improvements should be made. For any improvements and replacement appliances, the borrower will sign a customer contract and a “Home Performance Work Scope.” After a credit check and these forms are submitted, work may begin. Following completion of the work, a Certificate of Completion will be sent to the program administrator. Following review and approval, payment will be rendered directly to the contractor and the borrower will commence repaying the loan. As with other programs funded by the state system benefits charge (SBC), eligibility is limited to homeowners who receive electric service from one of the following utilities:

  • Central Hudson Gas & Electric Corporation
  • Consolidated Edison Company of New York, Inc.
  • New York State Electric and Gas Corporation
  • National Grid
  • Rochester Gas and Electric Corporation
  • Orange and Rockland Utilities, Inc.
For further information on this program, please consult the program website(s) or use the contact information provided below.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: New York
Incentive Type: Loan Program
Web Site: http://www.getenergysmart.org/SingleFamilyHomes/ExistingBuilding/HomeOwner/Financing.aspx#
Administrator: Energy Finance Solutions
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Geothermal Heat Pumps
  • Clothes Washers
  • Dishwasher
  • Refrigerators/Freezers
  • Dehumidifiers
  • Water Heaters
  • Lighting
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Heat recovery
  • Programmable Thermostats
  • Duct/Air sealing
  • Building Insulation
  • Windows
  • Doors
  • Custom/Others pending approval
  • Wind (Small)
Maximum Loan: $15,000 or $20,000, depending on applicant's credit score
Loan Term: 5.99% APR; fixed loan terms of 3, 5, 7 and 10 years; Unsecured loan


Name: Public Information Officer (EFS)
Address: 431 Charmany Drive
Madison WI 53719
Phone: (800) 361-5663
Email: efs@energyfinancesolutions.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.