| Program Name: | Multifamily Solar Loan |
| Program Sponsor: | NYCEEC |
| Program Type: | Financing |
| Technology: | Alternative Energy Generation/ Renewables |
| Fuel: | Solar |
| Eligibility: | Borrower must be a building owner of a multifamily building |
| Cost: | Loan principal plus interest; cost varies by building and project |
Description
The Multifamily Solar Loan offers a minimum of $200,000 in loans for building owners looking to finance up to 90% of their eligible solar photovoltaic projects (up to 100% for affordable multifamily properties). This loan offers construction financing, permanent financing, multiple draws, and incentive bridging.
Eligibility
Borrow must be a building owner.
Eligible buildings include multifamily properties.
Eligibility of solar photovoltaic projects, as well as other technologies and applications, are 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 more information.