NYSERDA & GJGNY Launch 0% Interest Loan for Geothermal (updated 7/9/2020)
Update: The 0% funding described in this blog post has been exhausted.
In an effort to restart the clean energy economy in New York State, beginning June 1st, 2020, New York State Energy Research and Development Authority (NYSERDA) in partnership with Green Jobs Green New York (GJGNY) has rolled out a 0% interest financing loan for energy efficiency projects, including, but not limited to geothermal heating & cooling.
What are the details of the loan?
NYSERDA will offer the GJGNY 0% financing for 1-4 family residential, small commercial (100 employees or less) and not-for-profit applicants to finance eligible energy efficiency improvements (this includes geothermal heating & cooling) and renewable energy systems for terms of 5, 10 or 15 years. The 0% financing will be offered to loan applicants for a promotional period of up to 12-months, or until available funds are exhausted (you can track the amount of funding remaining here).
Who is Eligible to apply?
The 0% financing will be available to everyone. There are no income or geographic location limits. The financing will be available for all technologies that are financed through the GJGNY loan fund (i.e. energy efficiency, solar, air source heat pump, ground source heat pump, Renewable Heat NY).
How do I apply?
If you’re interested in applying for this 0% interest loan please apply here, and use this One Pager for more information on the process – https://drive.google.com/file/d/1THXjSVAZaJW0PouZeuRNOzSjyr7JEkS5/view?usp=sharing.
If you have any questions about this 0% financing opportunity please contact us directly via our toll free 833-GEO-4ALL number or email us at firstname.lastname@example.org.
Is geothermal right for you?
Thinking about upgrading to geothermal? Now’s the time to reach out and get more information about geothermal for your home. Get in touch with us here!
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