Revolving Loan Fund Grant

Funder: New York State Energy Research and Development Authority (NYSERDA)

The New York State Energy Research and Development Authority (NYSERDA) offers a Revolving Loan Fund to support energy efficiency and decarbonization projects for single-family homes. This initiative aims to provide low-interest loans to low-to-moderate-income homeowners, helping them to finance energy-efficient upgrades such as heat pumps and smart thermostats. With $400,000 reserved per applicant, this program ensures accessible financial assistance to enhance home comfort while reducing energy costs. Applications are accepted until December 31, 2030.

Note: Applications accepted through December 31, 2030 by 3:00 PM Eastern Time
The New York State Energy Research and Development Authority (NYSERDA) is a public benefit corporation of the State of New York created under Article 8, Title 9 of the New York State Public Authorities Law. NYSERDA offers objective information and analysis; innovative programs, including energy efficiency, renewable energy, and energy research and development; technical expertise; and funding to help New Yorkers increase energy efficiency, save money, use renewable energy and reduce reliance on fossil fuels.
Program Summary
The New York State Energy Research and Development Authority (NYSERDA) requests applications from qualified contractors to utilize the Department of Energy - Energy Efficiency Revolving Loan Fund (DOE-EERLF) funds for projects financed by single family residential customers. NYSERDA has established a new revolving loan fund intended to spur investment in energy efficiency and decarbonization measures for single family residential housing. This program will offer low-interest rate loans to low-to-moderate-income (LMI) single-family homeowners to complete energy efficiency retrofits. The establishment of a revolving loan fund will provide on-going and accessible financial support at a low cost. Energy efficiency upgrades and retrofits will aim to reduce energy use and cost and improve home comfort. Projects include energy efficiency measures, including but not limited to smart-thermostats and installation of air source and ground source heat pumps. Four hundred thousand dollars ($400,000.00) per Qualified Applicant (see definitions on page 2) will be reserved to provide their eligible customers with a low interest EERLF Loan (Loan). Funds will be reserved on a first-come, first-served basis (as specific in Section II).