NYSERDA - Residential Financing Options

Program NYSERDA - Residential Financing Options
Category Financial Incentive
Implementing sector State
Last Update
State New York
Administrator New York State Energy Research and Development Authority (NYSERDA)
Website https://www.nyserda.ny.gov/All-Programs/Residential-Financing-Options
Technologies Solar Water Heat, Solar Photovoltaics
Sectors Residential
NYSERDA offers the On-Bill Recovery, Smart Energy, Renewable Energy Tax Credit Bridge, and Companion Loans to help New York State residents finance energy efficiency and renewable energy improvements made through NYSERDA’s programs. These loans provide lower interest rates to lower-income New Yorkers and to those who cannot qualify for traditional financing. Through our Companion Loan, you can access additional financing for projects that exceed the $25,000 cap on the On-Bill Recovery and Smart Energy loans. The Bridge Loan, allows you access to short-term financing to borrow a portion of the renewable energy system cost that may be eligible for a federal or state tax income tax credit or a New York City Real Property Tax Abatement for eligible renewable energy system costs.

Talk to your participating contractor and select the loan that works best for you. Loans are not incentives or rebates and must be paid back.

These loan options can be used with the following NYSERDA programs:

Assisted Home Performance with ENERGY STAR®

Offers income-qualified homeowners a comprehensive, whole-house approach to improving energy efficiency and home comfort while saving money. Use the loans for the purchase and installation of energy efficiency upgrades.
Residential energy efficiency and Comfort Home

Identifies where your home is wasting energy and how you can save money and improve your home’s comfort year-round. Use the loans for the purchase and installation of energy efficiency upgrades that are not participating in the Assisted Home Performance with ENERGY STAR Program


Makes going solar accessible and affordable. Use the loans to purchase and install solar at home.

Air and Ground Source Heat Pumps

Offers more efficient heating and cooling option that eliminate fossil fuels. Use the loans for purchase and installation costs.

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