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On-Bill Recovery Loans

What Is It?
Energy efficiency loans as low as 2.99% up to $25,000.Westchester, Putnam and Fairfield Counties Energy Solutions Recovery Loans Eligibility

Who Is Eligible?
Eligible borrowers include someone who owns a 1–4 unit residential building, and is named on the utility account of one of the following participating utilities: Central Hudson, Con Edison, Long Island Power Authority, National Grid (upstate), New York State Electric and Gas Corporation, Orange & Rockland, Rochester Gas and Electric.

What Are The Loan Guidelines?

  • A Fixed Rate of 2.99%* is available.
  • The limit on the loan is up to $25,000 if the financed portion of the project has a payback of 15 years or less.
  • The minimum financing amount is $3,000 for Home Performance with ENERGY STAR® and $1,500 for customers who qualify for Assisted Home Performance with ENERGY STAR® subsidy of 50%, up to $5,000 of cost.
  • Terms of 5, 10 or 15 years are available.
  • The annual loan payment is calculated to not exceed the anticipated amount of money you save on energy costs.
  • Repayment is through a NYSERDA Loan Installment charge on your utility bill.

*Interest may be tax deductible. The monthly loan installment payment amount may not exceed one twelth of estimated annual energy savings, and the   term of the loan may not exceed the useful life of the financed measures. Click here for more information on home energy financing.

How Does It Work?

  • Improvements eligible for financing include energy efficient improvements for 1-4 unit residential buildings that have been approved by NYSERDA.
  • A participating BPI-accredited Home Performance with ENERGY STAR® contractor must implement the upgrades. 
  • Upon test-out and approval of the work, the customer and contractor will sign a Certificate of Completion, which is submitted to NYSERDA.
  • Your lender will then make payment to your contractor.
  • The cost of the financed improvements must be less than the estimated energy savings over the anticipated life of the improvements.

Find Out More
For more information about On-Bill Recovery Loans, contact a Franzoso Energy Solutions advisor by clicking here or by phone 914-271-4572.


© 2012 Franzoso Energy Solutions

Providing expert energy solutions in New York & Fairfield county CT:
Westchester, NY | Putnam County, NY | Fairfield County, CT| Eastchester, NY | Harrison, NY | Tuckahoe, NY | Ardsley, NY | Armonk, NY | Bedford, NY | Briarcliff Manor, NY | Bronxville, NY | Chappaqua, NY | Croton-on-Hudson, NY | Dobbs Ferry, NY | Pelham Manor, NY | Elmsford, NY | Harrison, NY | Hartsdale, NY | Hastings-on-Hudson, NY | Hawthorne, NY | Irvington, NY | Larchmont, NY | Mamaroneck, NY | Millwood, NY | Mount Kisco, NY | North Salem | Ossining, NY | Pleasantville, NY | Pocantico Hills, NY | Purchase, NY | Ardsley, NY | Buchanan, NY | Cortlandt Manor, NY | Cross River, NY | Pound Ridge, NY | Dobbs Ferry, NY | Greenburgh, NY | Jefferson Valley, NY | Lewisboro, NY | Mohegan Lake, NY | Purdys, NY | South Salem, NY | Waccabuc, NY | Mahopac, NY | New Rochelle, NY | Carmel, NY | Putnam Valley, NY | Garrison, NY | Brewster, NY | Cold Spring, NY | Patterson, NY | Pawling, NY | Scarborough, NY | Scarsdale, NY | Sleepy Hollow, NY | Somers, NY | Tarrytown, NY | Thornwood, NY | Valhalla, NY | Harrison, NY | Yorktown, NY | Peekskill, NY | Garrison, NY | Cold Spring, NY | Putnam Valley, NY | Katonah, NY | Thornwood, NY | Yonkers, NY | White Plains, NY NY | Greenwich, CT| Stamford, CT| Danbury, CT| Ridgefield, CT| Westport, CT| New Fairfield, CT