Home Performance with ENERGY STAR® 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 $martSM Loan Fund
Low-interest loans offered through local, participating lenders
• Current interest rates are bought 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 efficiency affordable to all New Yorkers. View the income guidleines .
• Can be combined with option 1 or 2
• $5,000 (maximum) available for single-family homes
• $10,000 (maximum) available for 2-to-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 |
