| Program Name: | Energy Services Agreement (ESA) Loan |
| Program Sponsor: | NYCEEC |
| Program Type: | Financing |
| Technology: | Alternative Energy Generation/ Renewables; Energy Efficiency/ Demand Response; |
| Fuel: | Fuel Neutral |
| Eligibility: | Borrower must be a SPE owned by developer |
| Cost: | Loan principal plus interest; cost varies by project and technology. |
Description
The Energy Services Agreement (ESA) Loan offers a minimum of $400,000 in loans for single purpose entities (SPE) owned by developers looking to finance up to 80% of their eligible energy efficiency and clean energy technology projects. This loan offers construction financing, permanent financing, multiple draws, and incentive bridging.
Eligibility
Borrower must be a SPE owned by developer.
Multifamily, Commercial, Industrial, and Institutional buildings may be eligible.
Eligible energy efficiency and clean energy technologies include building enclosures, HVAC and controls, lighting, domestic hot water, demand response, energy storage, and other technologies and applications evaluated on a case-by-case basis.
How to Apply
Send a message to NYCEEC Building Financial Solutions through their Get Started Portal.
Contact Information
Call 646.797.4630 or email greenloans@nyceec.com for further information.