Loan Loss Reserve Program
Program Name: Loan Loss Reserve Program
Program Sponsor: NYSERDA
Program Type:          Rebates/ Incentives
Technology:         Energy Efficiency/ Demand Response; Alternative Energy Generation/ Renewables
Fuel:              N/A
Eligibility:  Qualified financing lenders
Cost:  Free


To support the implementation of solar, heat pumps, and electric vehicle clean energy solutions, NYSERDA has developed Loan Loss Reserve to expand clean energy financing coverage. This program will allow your business to tap into new revenue streams, reach new customers, and build greener communities, while lowering your financial risk.

How the Program Works

Through the Loan Loss Reserve Program, the State will cover up to 90% of Qualifying Eligible Losses on defaulted loans, in the form of a credit enhancement, provided at no cost to you or your customers. The added risk mitigation allows you to approve a wider set of customers or offer more competitive rates and terms.


Qualified financing lenders— including local and regional banks, community-based lenders, and other financial firms— that will develop financing products related to energy efficiency upgrades for residential (1-4 unit) dwellings, small commercial (100 employees or less), not-for-profit and multifamily (5+ unit) buildings (Eligible Properties) located in New York State Communities. NYSERDA encourages institutions working with disadvantaged communities to apply to this program, to make energy solutions more equitable across New York State

How to Apply

Review program documentation: View the Program Opportunity Notice 4378 and associated documents for detailed participation requirements and eligibility.

Develop your proposal: Create a proposal outlining: the products you plan to offer, proposed geography, and how the Loan Loss Reserve Program will improve products for borrowers.

Gather your application materials: Gather company regulatory and insuring agency details where applicable to submit a long with your proposal documents.

Submit your application: Submit your online application.

Contact Information

Direct questions to John Joshi (212.971.5342, Ext. 3636) or Heather Clark, the program administrators, at NYSERDA at