NYSERDA Launches 0% Financing on Solar in New York

Effective June 1, 2020, NYSERDA (New York State Energy Research and Development Authority) will offer 0% financing on solar. If you have a 1-4 family house eligible for solar, you can take advantage of this limited time program and save money. The 0% financing will be offered to loan applicants for a limited period — until available funds are exhausted. Act now to lock in your rate and benefits.

Green Jobs Green New York

NYSERDA announced a temporary change to Green Jobs Green New York (GJGNY) financing which will go into effect today (June 1, 2020). NYSERDA will offer the GJGNY 0% financing for 1-4 family residential, small commercial (100 employees or less) and not-for-profit applicants to finance eligible energy efficiency improvements and renewable energy systems for terms of 5, 10 or 15 years. The 0% financing will be offered to loan applicants for a promotional period of up to 12-months, or until available funds are exhausted. Following this promotional period, the program will return to the geographic eligible 3.49%/6.99% interest rate for residential borrowers and Prime Rate + 2% for small commercial/not-for-profit borrowers.

GJGNY Financing Highlights:

1. 0% financing on solar is available to everyone no matter income level or geographic location
2. The 0% rate will be for the entire term of the loan, not just the promotion period (i.e. 5, 10 or 15 years).
3. There is a limit set on the amount of GJGNY loan funds that is available for 0% financing on solar. The 0% rate will be offered for a promotional period of up to 12 months or when the available funds are exhausted.
4. Homeowners can start applying for the 0% GJGNY loan on June 1, 2020.

Claim the Limited Time Offer

Don’t let this opportunity pass. Book a free virtual consultation with us, and we’ll walk you through how solar works for your home and down to the dollar how much money you can save. It’s quick, it’s easy and it will save you money on electricity.

Please call us at (800) 203-4158 or book your free consultation with us for more information.