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Equipment Loan

Program Name: Equipment Loan
Program Sponsor: NYCEEC
Program Type:          Financing
Technology:               Energy Efficiency/Demand Response
Eligibility:                        Owners of multifamily, commercial, industrial, and institutional properties
Cost:                        None

Description

The Equipment 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, combined heat and power, fuel conversion, 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.

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