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NYSERDA Financing (Multifamily)
New York — state programup to $50,000 per project charging the Wall Street Journal Prime Rate of Interest + 2%, fixed at closing, on its share of the loan
NYSERDA offers building owners, managers, and developers the opportunity to obtain financing on energy-saving building and renovation projects through private commercial lenders. Eligible projects include renewable energy installations (solar, air source heat pumps, ground source heat pumps) and energy efficient projects through the Small Commercial Financing Program.
Program details
- Type
- loan
- Amount
- up to $50,000 per project charging the Wall Street Journal Prime Rate of Interest + 2%, fixed at closing, on its share of the loan
- Eligibility
- Building owners, managers, and developers of multifamily buildings
- Status
- open
- Administrator
- NYSERDA
Source: New York — state program. Confirm current terms with the administering agency before applying.