NYSERDA $mart Loan Fund provides interest rate reductions on loans for energy-efficiency projects and renewable technologies. The program provides interest rate reductions up to 4% in cooperation with participating lenders, which include banks, credit unions, community development financial institutions, and farm credit associations. Loans can be up to: $20,000 for 1-4 family homes for a secured loan; $5,000 per unit up to $5,000,000 per borrower for multifamily buildings; and $1,000,000 per borrower for all other facilities (plus up to an additional $500,000 for “green building” improvements). The Loan Fund Program will “buy down” the lender’s interest rate by up to 400 basis points or 4%*. Interest rate reductions are available for the lesser of 10 years or the life of the loan.

Contact NYSERDA at (518) 862-1090 for more information.