GJGNY Residential Financing

Become a Loan-offering Contractor

NYSERDA administers the Green Jobs - Green New York (GJGNY) Loan Fund for Residential Financing, for owners of residential 1-4 family buildings, to finance energy audits, energy efficiency retrofits, or energy improvements, including solar and other renewable installations.

To offer a GJGNY Loan to your customers, follow the steps outlined below by program to become a participating contractor. 

Step 1: Become a Participating Contractor

Energy Efficiency and Comfort Home Contractors

To qualify as a participating contractor, the contractor must employ staff with the required certificates outlined in the participation agreement [PDF]. Next, complete Step 2: Submit GJGNY Loan Fund Residential Financing Contractor Application and Step 3: Sign Up with Energy Finance Solutions- NYSERDA’s Loan Provider.

Solar (PV) Installer

To qualify as a participating contractor, an individual must have fulfilled one of the three credentialing paths and all other PV Program participation requirements identified on NYSERDA’s Solar Electric (PV) Installer webpage. Next, complete Step 3: Sign Up with Energy Finance Solutions – NYSERDA’s Loan Provider.

Renewable Heat NY

Small Biomass Boiler Program: To become a participating contractor in the RHNY Small Biomass Boiler Program, follow the steps in Section 1.2 of the Small Biomass Boiler program manualLink opens in new window - close new window to return to this page.. Next, complete Step 3: Sign Up with Energy Finance Solutions – NYSERDA’s Loan Provider (see below).

Residential Pellet Stove Program: To become a participating contractor in the RHNY Residential Pellet Stove Program, follow the steps in Section 1.2 of the Residential Pellet Stove program manualLink opens in new window - close new window to return to this page.. Next, complete Step 3: Sign Up with Energy Finance Solutions – NYSERDA’s Loan Provider (see below).

NYS Clean Heat Contractors

If you are already a NYS Clean Heat participating contractor you can move to Step 4: Offer Loans to Customers. If you’re a participating contractor but haven’t already signed up with Energy Finance Solutions move to Step 3: Sign Up with Energy Finance Solutions – NYSERDA’s Loan Provider.

If you are not a NYS Clean Heat participating contractor, refer to the NYS Clean Heat Contractor Resources for the steps to become a NYS Clean Heat Participating ContractorLink opens in new window - close new window to return to this page.. Then, complete Step 3: Sign Up with Energy Finance Solutions – NYSERDA’s Loan Provider.

Step 2: Submit GJGNY Loan Fund Residential Financing Contractor Application

For approved participating contractors in Assisted Home Performance with ENERGY STAR® (AHPwES), EmPower New York, or with PSEG Long Island, you aren’t required to submit an online GJGNY Loan Fund Residential Financing Contractor Application. Please proceed to Step 3: Sign Up with Energy Finance Solutions.

For Comfort Home and energy efficiency contractors not participating in AHPwES, EmPower New York, or with PSEG Long Island read the GJGNY Loan Fund Residential Financing Contractor Participation Agreement and the GJGNY Financing Implementation Manual before submitting an online application.

NYSERDA will provide application status to you within 2 weeks of your application submission.

Step 3: Sign Up with Energy Finance Solutions- NYSERDA’s Loan Provider

On behalf of NYSERDA, EFS a not-for-profit energy efficiency lending organization administers the GJGNY loan transactions to include loan application reviews, loan originations, loan closures, proceed distributions to GJGNY Loan Fund Residential Financing Contractor and submits loans to loan servicer. To participate, contractors must complete a participation agreementLink opens in new window - close new window to return to this page. and other requested information with EFS.

Step 4: Offer Loan to Customers

Upon approval, you may begin offering your customers the GJGNY Loan to help pay for the energy efficiency measures you install.

Contractor Advance Payment Options

As a participating Loan-Offering Contractor, in good standing in an eligible NYSERDA or utility program, you can apply to access advance payments when an energy efficiency or renewable project is financed in whole or in part using the reduced interest rate (3.49%/3.99%) through the Residential Financing program.

Eligible programs include:

  • Air Source Heat Pump and Ground Source Heat Pump
  • Assisted Home Performance with ENERGY STAR (AHPwES)
  • EmPower New York
  • GJGNY Residential Financing (market-rate energy efficiency customers)
  • NY-Sun
  • Renewable Heat New York
  • PSEG Long Island approved contractors are also eligible to participate

To get started:

  • Obtain good standing (never suspended or on probation within prior 12-months of submitting the Advance Payment Participation Agreement Signature Form) in an eligible NYSERDA or utility program.
  • Read the current GJGNY Residential Loan Fund Residential Advance Payment Program Contractor Participation Agreement [PDF]. 
  • Complete the Participation Agreement Signature Form Link opens in new window - close new window to return to this page.. NYSERDA will contact you within 2 weeks of your application to confirm participation status. 

Participating Contractor Resources

Participating contractors can access program information and resource materials for the Residential Financing program.

Contact

If you have questions about GJGNY Loans or becoming a participating contractor, you can contact residential.financing@nyserda.ny.gov.