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GJGNY Residential Financing

 

Become a Loan-offering Contractor

NYSERDA offers Green Jobs - Green New York Loans (GJGNY Loan), administered through the GJGNY Residential Financing Program.  As a participating contractor, your customers have access to GJGNY Loans to help finance energy audits and energy efficiency improvements, including solar energy and other renewable installations, for owners of residential one-to four - family buildings.

To participate in the GJGNY Residential Financing Program, follow the steps outlined below by program area. 

Step 1: Become a Participating Contractor

Energy Efficiency

Participating contractors in the EmPower+, the Comfort Home Pilot or the Residential Energy Assessment Program are already approved as participating contractors in the GJGNY Residential Financing Program. Proceed below to Step 3.

If you are not a participating contractor noted above, complete Step 2 and Step 3 below.

If you are a PSEG Long Island Home Performance Partner, complete Step 2 and Step 3 below.

Solar (PV) Installer

Participating contractors in NY-Sun proceed below to Step 3.

If you are not already a participating NY-Sun contractor, you must first become a NY-Sun Participating Contractor to participate in the GJGNY Residential Financing Program.

Air Source (ASHP) and Ground Source (GSHP) Heat Pump Contractors 

NYS Clean Heat participating contractors and PSEG Long Island Home Comfort Partners complete Step 2 and Step 3 below.

If you are not a NYS Clean Heat participating contractor or a PSEG Long Island Home Comfort Partner, you must first become a NYS Clean Heat Participating Contractor Link opens in new window - close new window to return to this page. or a PSEG Long Island Home Comfort Partner Link opens in new window - close new window to return to this page. to participate in the GJGNY Residential Financing Program.

Step 2: Submit Contractor Application

Read the Participation Agreement [PDF] and the GJGNY Financing Program Manual [PDF] then submit a contractor application [PDF] if you are a/an:

  • NYS Clean Heat participating contractor
  • PSEG Long Island Home Comfort Partner
  • PSEG Long Island Homer Performance Partner
  • energy efficiency contractor not participating in EmPower+, Comfort Home Pilot, or Residential Energy Assessment Programs 

NYSERDA will provide contractor application status to you within 2 weeks of your application submission. 

Step 3: Sign Up with Energy Finance Solutions NYSERDA’s Loan Originator

Energy Finance Solutions (EFS) originates the GJGNY Loan transactions, on behalf of NYSERDA. These transactions include: loan application reviews, loan originations, loan closures, proceed distributions to participating contractors, loan submissions to the loan servicer.

To participate in the GJGNY Residential Financing Program, contractors must complete a participation agreementLink opens in new window - close new window to return to this page. and other requested information with EFS.

Step 4: Offer GJGNY Residential Financing to Customers

Upon approval, you may begin offering your customers GJGNY Residential Financing to help finance the energy efficiency measures or renewable technology you install.

Contractor Advance Payment Options

As a participating contractor in the GJGNY Residential Financing Program, you can apply to access advance payments when an energy efficiency or renewable project is financed in whole or in part using the reduced interest rate GJGNY Loan. 

To get started:

  • Must be in good standing (never suspended or on probation within prior 12-months of submitting the Advance Payment Participation Agreement Signature Form) in an eligible NYSERDA or utility program.
  • Read the current GJGNY Residential Loan Fund Residential Advance Payment Program Contractor Participation Agreement [PDF]
  • Complete the Participation Agreement Signature Form Link opens in new window - close new window to return to this page.. NYSERDA will contact you within 2 weeks of your application to confirm participation status. 

Participating Contractor Resources

GJGNY Residential Financing Participating contractors can access program information and resource materials for the Residential Financing program.

Contact

If you have questions about the GJGNY Residential Financing Program or becoming a participating contractor, you can contact [email protected].