YSG Solar is actively engaged in the NY-Sun initiative to make solar more accessible to households and businesses across the state. The NY-Sun suite of programs, carried out in conjunction with Green Jobs Green New York efficiency and incentive programs, deliver affordable solar systems designed to meet a significant percentage of your electricity needs. The easiest way to make solar more affordable for your home or business is to combine incentive options with low-interest rate financing, and YSG Solar can help.
On-Bill Financing & Low-Interest Loans
New York State Energy Research and Development Authority (NYSERDA) offers three types of loan programs for residential and small commercial buildings. Residential Smart Energy Loans and Commercial Participation Loans are a more traditional loan that offers affordable interest rates and simple repayment options. While On-Bill Recovery Loans provide the convenience of paying for energy improvements on your monthly utility bill, with options for both residential and commercial customers.
Residential Smart Energy Loans or On-Bill Recovery Loans for up to $13,000 (up to $25,000 with higher cost-effectiveness standards) are available for existing residential buildings with four or fewer units. Available repayment periods are 5, 10 or 15 years.
For commercial buildings that house small business and not-for-profit organizations, Participation Loans of up to $100,000 and On-Bill Recovery loans of up to $50,000 at 2.5% interest are available with repayment periods of up to 10 years.