Cowles and Company Contracting

More Information


For more information about these problems, visit the following links:


ENERGY STAR


NYSERDA


OPTION 3:
New York Energy Smart Residential Loan Fund


Energy Smart Loans are offered through a network of Participating Residential Loan Fund Lenders servicing New York State.

The following conditions apply:
Loans up to $25,000 may be obtained on a secured or unsecured basis, at the option of the Lender and the Borrower.

Your interest rate is 3.49% or up to 3.99%, for a term up to fifteen (15) years.

Procedures and conditions may vary by Participating Lender, and by loan.

Eligible Improvements for 1-4 Family Homes are those Eligible Measures and Accessories that have been determined by NYSERDA to meet the Home Performance with ENERGY STAR® Program guidelines.

For more information, please contact a Home Performance Contractor servicing your county.


OPTION 4:
Homeowner Financing Incentive

If you choose not to use either ENERGY STAR Financing or the New York Energy Smart Loan Fund, you may be eligible to receive 10% of the cost of eligible energy efficiency improvements, up to a maximum incentive of $3,000, directly from the program.

Payment is authorized after you sign the Certificate of Completion and the program implementer reviews the project.

OPTION 1:
Assisted Home Performance with ENERGY STAR offers two incentives for eligible New York home owners:

(1) a subsidy for up to 50% of the total cost of the approved efficiency improvements (“Assisted Subsidy”) in a 1-4 family home;

(2) low interest rate financing for the balance of the cost of the efficiency improvements through selected Lenders (“financing”).

Eligible New Yorkers include borrowers in 1-4 family homes that have household incomes at or below 80% of the State Median or Area Median Income (whichever is greater).

OPTION 2:
Low-interest ENERGY STAR Financing is offered through the Home Performance with ENERGY STAR program.


Your contractor can supply you with the current interest rate.The following conditions apply:

This is an unsecured loan, not a second mortgage or equity loan.
The limit on the loan is $25,000.

You can select a term of up to 15 years.

Financing is available to owner-occupied 1- or 2-family homes.

Payment is made directly to the contractor after a signed Certificate of Completion is received by the program on a work scope. The work scope must also have been reviewed and approved by the program implementer.