Financing Options from R Factor Spray Foam Installation in New York
Save Up To 40% On Energy Costs By Improving Your Homes' Performance
New York Energy Smart programs are designed to lower electricity costs by encouraging energy efficiency as the State's electric utilities move to competition.
To qualify for participation in the New York Home Performance with ENERGY STAR program, utility customers installing the eligible energy- efficiency improvements and/or renewable technologies must
be in one of the following New York State territories:
- Central Hudson Gas & Electric
- Consolidated Edison of New York
- New York State Electric and Gas
- Rochester Gas and Electric
- National Grid (formerly Niagara Mohawk)
- Orange and Rockland Utilities, Inc.
- Long Island Power Authority
Option 1
Energy Star Financing
Low interest, unsecured loan, for 1-to-2 family, owner occupied homes.
- Up to $20,000 loan limit
- 3, 5, 7 or 10-year term
- 24-hour approval
- Ask your contractor for current rate
- Work must be performed through the Home
Performance with ENERGY STAR Program
Option 2
New York Energy Smart Loan Fund
- Low-interest loans are offered through local and participating lenders
- Current interest rates are brought down by 4%
- Maximum loan term of 10 years
- Any 1-4 family home is eligible
- Work must be performed through the Home Performance with ENERGY STAR program
Option 3
Assisted Home Performance with ENERGY STAR® Work Scope Incentive
Available to income qualified homeowners as part of the home performances with ENERGY STAR® commitment to making energy efficiency affordable to all New Yorkers.
- Can be Combined with option 1 or 2
- $5000 (maximum) available for single-family homes
- $10,000 (maximum) available for 2-4-family homes
- Work Scope Incentive is paid directly to the contractor
- Work must be performed through the Home Performance with ENERGY STAR Program
Option 4
Homeowner Financing Incentive
Available to homeowners who choose not to use program financing options 1, 2 or 3.
- Homeowners receives a cash incentives of up to 10% of the work scope (eligible measures only)
- Incentive paid directly to the homeowner by the New York State Energy Research and Development Authority (NYSERDA)
- Any 1-4 family home is eligible
- Work must be performed through the Home Performance with ENERGY STAR program
