Home Performance with ENERGY STAR (New York)

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Last modified on January 5, 2015.

Financial Incentive Program

Place New York

Name Home Performance with ENERGY STAR
Incentive Type State Loan Program
Applicable Sector Residential
Eligible Technologies Refrigerators, Dehumidifiers, Equipment Insulation, Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Duct/Air sealing, Building Insulation, Custom/Others pending approval, Solar Water Heat, Photovoltaics, LED Lighting
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 10% discount (maximum of 3,000); Small loans from 1,500 up to 25,000 (with term length of 5,10 or 15 years)

Funding Source Energy Efficiency Portfolio Standard (EEPS)/Regional Greenhouse Gas Initiative (RGGI)

Terms On-bill Financing: 3.49% APR; fixed loan terms of 5, 10, or 15 years (may be limited by useful life of measure)

Smart Energy Loan: 3.49% or 3.99% APR (based on repayment method); fixed loan terms of 5, 10, or 15 years (may be limited by useful life of measure)

Program Administrator New York State Energy Research and Development Authority (NYSERDA)
Website http://www.nyserda.ny.gov/Energy-Efficiency-and-Renewable-Programs/Residential/Energy-Efficiency-Programs/~/link.aspx?_id=84D3699DD2164B998E47BEE1B5F04B9C&_z=z
Date added to DSIRE 2011-01-20
Last DSIRE Review 2014-09-09

References DSIRE[1]


NYSERDA offers 10% discount and additional low-interest financing options to NY State homeowners to improve the energy efficiency of their homes.


NY State residents who own single-family or multifamily homes with up to 4 units are eligible for the program. To participate on the On-Bill financing program, the homeowner must be customer of the following participating utilities: Central Hudson, Con Edison, PSEG-Long Island, National Grid (upstate customers only, New York State Electric and Gas, Orange and Rockland, or Rochester Gas and Electric.

Program Description:

To participate in the program, the homeowner must schedule a home energy assessment with the participating Home Performance contractor who has been certified as a BPI GoldStar Contractor. In most cases the customer will be eligible for a reduced or no-cost energy home assessment depending on their income level. The energy assessment takes a comprehensive approach to identifying maximum energy efficiency that can be achieved in the home. After the assessment, the contractor will work with the home-owner to decide what improvements should be made. After signing the contract with the contractor, the borrower will receive 10% of the discount on eligible energy improvements; the incentive is capped at $3,000.

Home-owner can also choose to finance the project through subsidized loan provided through NYSERDA. The financing options include: On-Bill Recovery Loan and Smart Energy Loan. The On-Bill recovery loan is provided at 3.49% interest rate, where the repayments can be paid through the utility bill. The Smart Energy loan is provided at 3.49% or 3.99% depending on the method of repayment. Loans amounts from $1,500 up to $25,000 with a term of 5, 10, or 15 years.

Participants in the financing programs remain eligible for other incentives offered by utilities or by NYSERDA, including and the NYSERDA Assisted Home Performance with ENERGY STAR. For further information on this program, please consult the program website(s) or use the contact information provided below.

Incentive Contact

Contact Name Public Information - Residential Programs
Department New York State Energy Research and Development Authority

Address 17 Columbia Circle

Place Albany, New York
Zip/Postal Code 12203-6399
Phone (877) 697-6278

Website http://www.nyserda.ny.gov/residential

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"