Person painting walls from a ladder

Need help paying for your project? We have you covered.

We offer two loan options to help make it easier to pay for the upfront costs of your project. Talk to your contractor when reviewing the energy efficiency improvements recommended by your home energy assessment and choose the loan that works best for you.

On-bill recovery loan

With an On-Bill Recovery Loan, your monthly payments may not exceed your estimated average monthly energy cost savings. Your loan payments are built right into your utility bill so you’ll have no extra bill each month. Your energy savings essentially pay for your work.

Loan amounts from $1,500 – $25,000 with loan terms of 5, 10 or 15 years.

Use the interest rate estimator to determine which interest rate may be available to you. Interest rates vary*.

Balance may be transferred to new owner when home is sold.

The home must be served by a participating utility: Central Hudson Gas & Electric, Con Edison, PSEG-Long Island, NYSEG, National Grid (Upstate NY customers only), Orange & Rockland, and Rochester Gas & Electric.

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Smart Energy Loan

The Smart Energy Loan is a more traditional loan that offers affordable interest rates and simple repayment options.

Monthly payments are made to NYSERDA’s loan servicer.

Loan amounts from $1,500 – $25,000 with loan terms of 5, 10, or 15 years.

Use the interest rate estimator to determine which interest rate may be available to you. Interest rates vary*.

If you sell or transfer the property, you remain responsible for the balance of the loan.

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*Interest rates are subject to change.