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Green Jobs – Green New York Financing Lender

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Use your Lending Power to Create Energy Savings in New York State

NYSERDA offers building developers, owners, and managers a unique opportunity to obtain low-interest financing on energy-saving building and renovation projects through private commercial lenders. This funding is available through Green Jobs – Green New York, a statewide initiative dedicated to strengthening our communities through energy efficiency.

Here's how it works:

NYSERDA provides lenders up to 50 percent of the principal borrowed, to a maximum of $5,000 per unit or $500,000 per energy-saving project, at a 2% interest rate.

Example: A borrower who requests $50,000 to fund an approved project will pay the market rate interest rate on $25,000; the remaining $25,000 is paid at a 2% interest rate.

This innovative arrangement benefits both borrowers, who thus enjoy interest rates below market rate for loans up to $1 million, and lenders, who can open new relationships at reduced risk.

For Lenders

For More Information

For more information on the Green Jobs – Green New York program, visit the Green Jobs – Green New York page.

Financial benefits: The Green Jobs – Green New York financing program can serve as a powerful marketing and business development tool for your lending institution. Being able to lend money at half the market rate gives you a number of advantages, including:

  • Enhancing your position against competitors who don’t participate.
  • Introducing you to new customers who may benefit from your other services.

Eligibility: You may qualify to participate in the Green Jobs – Green New York financing program if your organization is a financial institution authorized by federal or State law to operate in New York State and is any of the following:

  • Credit union insured by the National Credit Union Administration
  • Community Development Financial Institution (CDFI)
  • Commercial bank
  • Trust company
  • Savings bank
  • Savings and loan association
  • Foreign bank credit union
  • Leasing subsidiary of a bank holding company or a leasing company owned by an eligible lender

Getting started: You can start taking advantage of this exceptional new business opportunity by following these simple steps. Start by downloading and completing the Green Jobs – Green New York Participation agreement [PDF].

View a summary of requirements for eligible projects on our Pre-Approval form [PDF] and program overview [PDF].

Questions?

Call us at 1-866-NYSERDA.