Energy Efficiency Rebates

NYSERDA - Residential Financing Options

New York State Elec & Gas Corp residential energy efficiency rebate program

program summary
NYSERDA offers a suite of loans under the Green Jobs-Green New York (GJGNY) Program to help New York State residents finance energy efficiency improvements, and renewable energy systems. Eligible projects include the purchase and installation of solar photovoltaic systems, ground source heat pumps, air source heat pumps, and energy efficiency improvements. Prior to accessing a NYSERDA loan, homeowners must have an energy assessment or audit that identifies energy services to be undertaken.

Homeowners could be eligible for up to $25,000 in loans for energy efficiency improvements or renewable energy installation at one-to-four family residential properties. Interest rates, repayment terms, and cost effectiveness requirements vary between each type of loan. Loans over $13,000 are required to have a payback period of less than 15 years. Interest rates are subject to change, check available residential rates here. See a summary of loan approval criteria here.

On-Bill Recovery (OBR) Loan:

The OBR Loan is available to homeowners who are named on the utility account, and serviced by Central Hudson, Con Edison, PSEG-Long Island (must apply directly through utility), NYSEG, National Grid (upstate customers only), Orange & Rockland, or Rochester Gas & Electric. With the OBR Loan, loan payments are paid as part of the customer's utility bill. Estimated average monthly energy cost savings must be greater than monthly loan payments to use this loan. Loan amounts vary from $1,500 - $25,000 with a term of 5, 10, or 15 years. Loan balances may be transferred to a new owner when the home is sold, as long as written notice is provided to the new owner.

Smart Energy Loan:

The Smart Energy Loan is a traditional loan that is repaid monthly via check or automatic payment. To qualify for this loan, applicants must own the home or be an authorized representative of the property owner. Loan amounts vary from $1,500 - $25,000 with a loan term of 5, 10, or 15 years. If the property is sold or transferred, the applicant remains responsible for the balance of the loan.

Homeowners may use loans for the following programs

  • EmPower+: Offers income-qualified homeowners a comprehensive, whole-home approach, plus discounts up to 50% of eligible improvement costs, to enhance energy efficiency and home comfort while saving money. The loans may be used for the purchase and installation of energy efficient upgrades.
  • Comfort Home Program: Offers incentives for installing seal and insulate packages through qualified contractors who can also help identify where your home is wasting energy. Use the loans for the purchase and installation of energy efficiency upgrades.
  • NY-Sun: Offers programs and incentives to reduce the costs of solar energy for New York residents and businesses.
  • NYS Clean Heat: Offers incentives for installing heat pumps, a more efficient heating and cooling option that eliminates the use of fossil fuels. Use the loans for purchase and installation costs of air source heat pumps, ground source heat pumps, and heat pump water heaters.
  • PSE&G Home Performance: Offers PSE&G customers a whole-home approach to energy efficiency and can lower energy costs plus offers rebates on energy-saving home improvements plus offers. Loans may be used for the purchase and installation of energy efficient upgrades. 
  • PSE&G Home Comfort Program: Offers PSE&G customers more efficient heating and cooling options that eliminate fossil fuels. Loans may be used for the purchase and installation costs of air source heat pumps.

Income Eligible Households:

Through NY Energy Advisor, income-eligible residents and affordable housing owners can receive a customized list of energy-related assistance programs to help pay energy bills and make energy-related improvements.

eligible technologies
Solar Water Heat, Geothermal Electric, Solar Photovoltaics, Biomass, Refrigerators/Freezers, Dehumidifiers, Equipment Insulation, Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Duct/Air sealing, Building Insulation, Custom/Others pending approval, Other EE, LED Lighting
website
https://www.nyserda.ny.gov/All-Programs/Residential-Financing-Options
program administrator
New York State Energy Research and Development Authority (NYSERDA)
funding source
Energy Efficiency Portfolio Standard (EEPS)/Regional Greenhouse Gas Initiative (RGGI)
program notes
July 18, 2022
Annual Review, updated loan terms and program description
October 4, 2023
Annual review, updated loan terms and program description
June 30, 2025
Annual review, updated links and summary.
What cities does New York State Elec & Gas Corp cover?
The following cities are in the New York State Elec & Gas Corp service area. However, this program may not be available in every city. Check the program website for details.
Addison, Afton, Akron, Alburgh, Alden, Alfred, Alfred Station, Almond, Alpine, Altona, Amawalk, Amenia, Ancram, Ancramdale, Andes, Andover, Angelica, Angola, Apalachin, Arcade, Argyle, Arkport, Arkville, Athens, Atlanta, Attica, Au Sable Forks, Auburn, Aurora, Austerlitz, Averill Park, Avoca, Bainbridge, Baldwin Place, Ballston Spa, Barryville, Barton, Bath, Beach Lake, Beaver Dams, Bedford, Bedford Hills, Bellona, Belmont, Berkshire, Berlin, Bethel, Big Flats, Big Indian, Binghamton, Bliss, Bloomville, Blue Mountain Lake, Boiceville, Boston, Bouckville, Bovina Center, Bowmansville, Bradford, Branchport, Breesport, Brewster, Brookfield, Brooktondale, Buffalo, Burdett, Burke, Burlington, Burlington Flats, Cadyville, Callicoon, Cambridge, Cameron, Cameron Mills, Camillus, Campbell, Canaan, Canandaigua, Canaseraga, Canastota, Candor, Canisteo, Carmel, Cassville, Castile, Castle Creek, Cattaraugus, Cayuga, Cayuta, Cazenovia, Chaffee, Champlain, Charlotte, Charlotteville, Chateaugay, Chatham, Chazy, Chemung, Chenango Forks, Cherry Creek, Cherry Valley, Chichester, Churubusco, Cincinnatus, Clarence, Clarence Center, Claryville, Claverack, Clayville, Clifton Park, Clifton Springs, Clinton, Clyde, Cochecton, Cohocton, Cohoes, Colchester, Cold Spring, Colden, Conesus, Conewango Valley, Conklin, Constable, Cooperstown, Copake, Copake Falls, Corning, Cornwallville, Cortland, Cortlandt Manor, Cossayuna, Cowlesville, Craryville, Cropseyville, Cross River, Croton Falls, Dale, Dalton, Damascus, Danbury, Dannemora, Dansville, Darien Center, Davenport, Dayton, De Ruyter, Deansboro, Delancey, Delhi, Denver, Depew, Deposit, Dover Plains, Downsville, Dresden, Dryden, Dundee, Eagle Bay, Earlville, East Amherst, East Aurora, East Bethany, East Branch, East Chatham, East Concord, East Greenbush, East Jewett, East Meredith, East Nassau, East Otto, East Springfield, Eaton, Eden, Edmeston, Elbridge, Eldred, Elizabethtown, Elizaville, Elkland, Ellenburg Center, Ellenburg Depot, Ellenville, Elma, Elmira, Endicott, Equinunk, Erieville, Erin, Essex, Fairport, Falconer, Fallsburg, Farmington, Ferndale, Fillmore, Fishs Eddy, Fleischmanns, Fly Creek, Forestburgh, Forestville, Fort Ann, Fort Plain, Frankfort, Franklin, Freeville, Frewsburg, Gainesville, Garrattsville, Garrison, Gasport, Genesee, Geneseo, Geneva, Genoa, Georgetown, Gerry, Ghent, Gilbertsville, Gilboa, Gillett, Glen Aubrey, Glen Spey, Glen Wild, Glenwood, Goldens Bridge, Gowanda, Grahamsville, Grand Gorge, Grand Isle, Granite Springs, Granville, Greene, Greenfield Park, Greenwich, Greenwood, Groton, Groveland, Guilford, Haines Falls, Halcottsville, Hamburg, Hamden, Hamilton, Hammond, Hammondsport, Hampton, Hancock, Hankins, Harpersfield, Harpursville, Harris, Harrison Valley, Hartwick, Hector, Hensonville, Herkimer, Highland Lake, Highmount, Hillsdale, Himrod, Hobart, Holland, Holmes, Homer, Honeoye, Hoosick Falls, Hopewell Junction, Hornell, Horseheads, Hortonville, Hubbardsville, Hudson, Hunt, Hunter, Hurleyville, Ilion, Indian Lake, Inlet, Interlaken, Irving, Isle La Motte, Ithaca, Jacksonville, Jasper, Java Center, Java Village, Jay, Jefferson, Jefferson Valley, Jeffersonville, Jewett, Johnson City, Jordan, Jordanville, Katonah, Keene, Keene Valley, Keeseville, Kennedy, Kenoza Lake, Keuka Park, Kiamesha Lake, Kinderhook, King Ferry, Kirkwood, Knoxville, Lackawaxen, Lagrangeville, Lake Huntington, Lake Peekskill, Lake Placid, Lancaster, Lansing, Laurens, Lawrenceville, Leicester, Leonardsville, Lewis, Liberty, Lindley, Lisle, Little Valley, Livingston Manor, Loch Sheldrake, Locke, Lockport, Lockwood, Lodi, Long Eddy, Long Lake, Lowman, Lyon Mountain, Lyons, Macedon, Madison, Mahopac, Maine, Malden Bridge, Malone, Maplecrest, Marathon, Marcellus, Margaretville, Marietta, Marilla, Marion, Maryland, Masonville, Mc Donough, Mc Graw, Mechanicville, Melrose, Memphis, Meridale, Middle Granville, Middleburgh, Middlesex, Milford, Millbrook, Millerton, Millerton, Millport, Mineville, Mohawk, Mohegan Lake, Mongaup Valley, Monticello, Montour Falls, Mooers, Mooers Forks, Moravia, Morris, Morrisonville, Morrisville, Mount Kisco, Mount Morris, Mount Tremper, Mount Upton, Mount Vision, Mountain Dale, Munnsville, Naples, Narrowsburg, Nassau, Neversink, New Berlin, New Canaan, New Kingston, New Lebanon, New Lisbon, New Russia, New Woodstock, Newark, Newark Valley, Newcomb, Newfield, Nichols, Nineveh, Niverville, North Blenheim, North Branch, North Brookfield, North Hero, North Java, North Pitcher, North Pownal, North Salem, Norwich, Nunda, Odessa, Old Chatham, Oneida, Oneonta, Orchard Park, Oriskany Falls, Osceola, Otego, Ouaquaga, Ovid, Owego, Owls Head, Oxford, Painted Post, Palenville, Palmyra, Parksville, Patterson, Pavilion, Pawling, Penn Yan, Perry, Perrysburg, Peru, Peterboro, Petersburg, Phelps, Philmont, Phoenicia, Piffard, Pine City, Pine Hill, Pine Valley, Pitcher, Pittsfield, Plattsburgh, Plymouth, Poestenkill, Pond Eddy, Port Byron, Port Crane, Port Gibson, Port Kent, Portageville, Portlandville, Poughquag, Pound Ridge, Prattsburgh, Prattsville, Preble, Preston Hollow, Pulteney, Purdys, Putnam Valley, Randolph, Raquette Lake, Redford, Rexville, Richfield Springs, Richford, Ridgefield, Rock Hill, Rock Stream, Romulus, Roscoe, Roseboom, Round Lake, Rouses Point, Roxbury, Rushville, Salem, Sand Lake, Saranac, Saratoga Springs, Sardinia, Sauquoit, Savannah, Savona, Sayre, Schaghticoke, Schenevus, Schuyler Falls, Schuylerville, Scio, Scipio Center, Scottsburg, Seneca Falls, Shandaken, Shelburne, Sherburne, Shohola, Shrub Oak, Shushan, Sidney, Sidney Center, Silver Creek, Silver Springs, Sinclairville, Skaneateles, Slaterville Springs, Smithville Flats, Smyrna, Sodus, Somers, South Dayton, South Fallsburg, South Hero, South Kortright, South New Berlin, South Otselic, South Plymouth, South Salem, South Wales, Spencer, Spencertown, Springfield Center, Springville, Springwater, Stamford, Stanley, Starlight, Starrucca, Stephentown, Stillwater, Stormville, Strykersville, Summit, Swain, Swan Lake, Syracuse, Tannersville, Treadwell, Troupsburg, Trout Creek, Trumansburg, Tully, Tupper Lake, Unadilla, Union Springs, Upper Jay, Valatie, Van Etten, Van Hornesville, Varysburg, Vermontville, Vernon Center, Versailles, Vestal, Victor, Waccabuc, Walton, Walworth, Warsaw, Wassaic, Waterford, Waterloo, Waterville, Watkins Glen, Waverly, Wayland, Weedsport, Wells Bridge, Wellsburg, Wellsville, West Burlington, West Chazy, West Davenport, West Edmeston, West Falls, West Kill, West Lebanon, West Oneonta, West Pawlet, West Sand Lake, West Shokan, West Valley, West Winfield, Westfield, Westford, Westport, White Lake, Whitehall, Whitesville, Whitney Point, Willard, Willet, Willow, Willsboro, Willseyville, Wilmington, Windham, Windsor, Wingdale, Witherbee, Woodbourne, Woodhull, Woodridge, Worcester, Wurtsboro, Wynantskill, Wyoming, Yorkshire, Yorktown Heights, Yulan