Residential Loan Fund (New York)

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Last modified on February 12, 2015.

Financial Incentive Program

Place New York

Name Residential Loan Fund
Incentive Type State Loan Program
Applicable Sector Residential
Eligible Technologies Boilers, Building Insulation, Central Air conditioners, Clothes Washers, Dehumidifiers, Dishwasher, Doors, Duct/Air sealing, Furnaces, Heat pumps, Heat recovery, Lighting, Programmable Thermostats, Refrigerators, Water Heaters, Windows, Biomass, Geothermal Heat Pumps, Solar Water Heat
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Varies

Start Date 11/10/2009 (current offering)

Funding Source System Benefits Charge (SBC)

Maximum Incentive $20,000

Terms Up to 4.0% below the lender rate for ten years; rate adjusted to maintain a floor interest rate of 3.0%
Program Administrator New York State Energy Research and Development Authority
Date added to DSIRE 2001-03-20
Last DSIRE Review 2012-11-20
Last Substantive Modification
to Summary by DSIRE

References DSIRE[1]


The New York State Energy Research and Development Authority (NYSERDA) has extended the Participation Agreements of the Assisted Home Performance Program Lenders. Lenders may continue to offer customers access to the Residential Loan Fund Program through December 31, 2012.

The New York Residential Loan Fund, administered by the NYSERDA, provides reduced-interest rate loans through participating lenders to finance renovation or construction projects that improve a home's energy efficiency. The level of interest rate reduction may be up to 4%, but is adjusted to maintain a floor rate of 3%. Loans are limited to residents in 1-4 family homes that are customers of one of the state's six investor-owned electric or natural gas utilities -- Central Hudson Gas and Electric; Electric Corporation, Consolidated Edison Company of New York, Inc., National Grid, New York State Electric & Gas Corporation, Orange and Rockland Utilities, Inc., or Rochester Gas and Electric Corporation -- and that pay the System Benefits Charge (SBC). Customers are eligible for loans of up to $20,000 for up to a 10-year loan term.

In order to qualify for the program, the customer must participate in the NYSERDA Home Performance with Energy Star Program and abide by the accompanying program rules and regulations. Formerly the loan program allowed participants in the NYSERDA Wind Incentive and Photovoltaic (PV) Incentive programs to apply for assistance; however, recent revisions to the Wind Incentive and PV Incentive programs do not allow participants to also take advantage of the Residential Loan Fund.

Please consult the Residential Loan Fund and NYSERDA Home Performance with Energy Star websites for additional program information.

Incentive Contact

Contact Name Joseph DeRosa
Department New York State Energy Research and Development Authority

Address 17 Columbia Circle

Place Albany, New York
Zip/Postal Code 12203-6399
Phone (518) 862-1090 Ext:3487
Phone 2 (877) 697-6278


  • 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 (DSIRE)"