Energy Financing and Incentives
There are many ways to pay for home energy upgrades:
- NYSERDA Subsidy - Assisted Home Performance with ENERGY STAR® provides income-eligible New Yorkers with a Subsidy which will pay 50% up to $4,000 for an approved home energy project on a single-family home and up to $8,000 for 2- to 4- unit homes with income-eligible occupants .
- NYSERDA Financing - The On-Bill Recovery (OBR) Loan allows you to finance energy efficiency improvements to your home through the savings on your energy bills as a result of the home energy project. The loan payments are included in your monthly utility bill. Smart Energy Loans are not included in your utility bill, but may provide more flexible options and can be deducted from your checking account each month. The interest rates range for both loan products based on income.
- Other Financing - AHP's lending partners offer a variety of additional loan options such as home equity and repair loan financing: Citizens Bank; Community Loan Fund; SEFCU.
- EmPower New York - Offers No-Cost Energy Efficiency Services for low-income homeowners and tenants.
