On-Bill Recovery Financing Program
- Convenient – no separate bill to pay
- Repay from the money you save on energy
- Low 3.49% interest rate
- Transferrable if you sell your property
A new option for financing the improvements that make your home more energy efficient and comfortable.
For Residents
The On-Bill Recovery Financing Program allows you to finance energy efficiency improvements to your home through a charge on your utility bill. Your repayment amount will be based on projected savings on your energy bills.
Participate in the Home Performance with ENERGY STAR® Program to have a BPI accredited contractor perform a comprehensive home energy assessment and recommend energy-efficiency improvements. Then, make your project even more affordable by paying for your energy-efficiency improvements through NYSERDA’s special low-rate On-Bill Recovery Financing Program.
It’s a convenient way to finance improvements that make your home more energy efficient and comfortable. The payments appear as a separate line item on your utility bill and are financed at a special low interest rate. Payments are transferable if you sell your property.
Customers of the following utilities are eligible for the On-Bill Recovery Financing Program: Central Hudson Gas and Electric, Con Edison, Long Island Power Authority, New York State Electric and Gas Corporation, National Grid (upstate NY customers only), Orange and Rockland, and Rochester Gas and Electric Corporation.
For Small Businesses, Not-for-Profits, Multifamily Buildings
Small businesses, not-for-profits, and multifamily building owners can use the savings on their energy bills to pay for their energy efficiency upgrades.
Customers of the following utilities are eligible for the On-Bill Recovery Financing Program: Central Hudson Gas and Electric, Con Edison, Long Island Power Authority, New York State Electric and Gas Corporation, National Grid (upstate NY customers only), Orange and Rockland, and Rochester Gas and Electric Corporation.
Opportunity Knocking: Green Jobs - Green New York
Green Jobs – Green NY provides funding for energy assessments, low-cost financing for energy upgrades, and technical and financial support to develop a clean energy workforce. Green Jobs – Green NY is a statewide effort to strengthen our communities through energy efficiency. It enables New Yorkers to make a significant difference in our homes, businesses and neighborhoods—making them more comfortable, more sustainable, and more economically sound. Green Jobs –Green NY is administered by NYSERDA and made available by the Green Jobs – Green New York Act of 2009.
Contact Information
For more information, please contact NYSERDA at 1-866-NYSERDA (697-3732).
Last Updated: 06/17/2013