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You can save up to 40% on energy costs by improving your home's insulation, heating and cooling system.
Financing Options
OPTION 1
ENERGY STAR Financing
Low-interest, unsecured loan, for 1-to-2 family, owner occupied homes.
- Up to $20,000 loan limit
- 3, 5, 7, or 10-year term
- 24-hour approval
- Ask your contractor for current rate
- Work must be performed through the Home Performance with ENERGY STAR program
OPTION 2
New York Energy Smart Loan Fund
Low-interest loans offered through local, participating lenders.
- Current interest rates are brought down by 4%
- Maximum loan term of 10 years
- Any 1-to-4 family home is eligible
- Work must be performed through the Home Performance with ENERGY STAR program
OPTION 3
Assisted Home Performance with ENERGY STAR Work Scope Incentive
Available to income-qualified homeowners, as part of the Home Performance with ENERGY STAR commitment to making energy efficient affordable to all New Workers.
- Can be combined with option 1 or 2
- $5,000 (maximum) available for single-family homes
- $10,000 (maximum) available for 2-4 family homes
- Work Scope Incentive is paid directly to the contractor
- Work must be performed through the Home Performance with ENERGY STAR program
OPTION 4
Homeowner Financing Incentive
Available to homeowners who choose not to use program financing options 1, 2, or 3.
- Homeowner receives a cash incentive of up to 10% of the work scope (eligible measures only)
- Incentive paid directly to homeowner by the New York State Energy Research and Development Authority (NYSERDA)
- Any 1-to-4 family home is eligible
- Work must be performed through the Home Performance with ENERGY STAR program
