| Program Name: | Direct Loan |
| Program Sponsor: | NYCEEC |
| Program Type: | Financing |
| Technology: | Energy Efficiency/ Demand Response |
| Fuel: | Fuel Neutral |
| Eligibility: | Borrower must be a building owner |
| Cost: | Loan principal plus interest; loan amount varies by project |
Description
The Direct Loan offers a minimum of $200,000 in loans for building owners to finance up to 90% of eligible energy efficiency and clean energy technology projects (up to 100% for affordable multifamily properties). This loan offers multiple draws, incentive bridging, construction financing, and permanent financing.
Eligibility
Borrower must be a building owner.
Multifamily, Commercial, Industrial, and Institutional buildings are eligible.
Eligible energy efficiency and clean energy technologies include building enclosures, HVAC and controls, lighting, domestic hot water, demand response, energy storage, solar photovoltaic, electrification, 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.