Revolving Loan Fund (PON 6025)
NYSERDA offers low-interest loans to help New York homeowners make science-backed energy efficiency upgrades like insulation, heat pumps, and smart thermostats in existing single-family homes.
Funder: New York State Energy Research and Development Authority
Due Dates: December 31, 2030 (final application deadline; online submission closes at 3:00 PM ET)
Funding Amounts: $3,959,191 total; up to $400,000 reserved per qualified contractor; loans to homeowners range from $1,500–$25,000 at 2.5% interest (0.5% discount for ACH), 5–15 year terms
Summary: Provides low-cost loans to support energy efficiency retrofits in existing single-family homes across New York State.
Key Information: Applications accepted on a rolling basis until the deadline; funds reserved first-come, first-served.
Description
The program offers low-interest loans to help New York State homeowners finance energy efficiency improvements in existing single-family homes. Administered by NYSERDA and funded through the U.S. Department of Energy’s Energy Efficiency Revolving Loan Fund, the initiative targets upgrades such as insulation, air sealing, smart thermostats, efficient lighting, and heat pump installations. The fund is designed to accelerate adoption of energy-saving measures, particularly for low- and moderate-income households, by improving access to affordable financing and supporting contractors who facilitate these projects.
