There are a number of financing options for commercial buildings, non-profits and multi-family buildings. See below for more info, or get in touch with one of our Community Energy Advisers to learn more.
- NYSERDA Participation Loan, in which NYSERDA partners with a lender of the borrower's choice, and finances 50% of the loan up to $50,000 at 2%. Learn more here.
- NYSERDA On-Bill Recovery Loan - The borrower works with a participating lender of their choice to secure a NYSERDA loan of up to $50,000. The borrower repays the NYSERDA loan through a charge on their monthly utility bill. Interest rate is currently 2.5%. Learn more here.
- Property Assessed Clean Energy (PACE) Financing through Energize NY - innovative financing that is transferable and can cover 100% of project costs (here for a case study using PACE). This is currently only available in Broome and Tompkins counties. Though you can encourage your legislators to approve the mechanism as well.
- You may also be interested in market-based financing through local banks in your area.