0% Financing and Upping the Loan Limit June 01 2020
On Tuesday May 26th, NY-GEO sent a letter to NYSERDA President and CEO Alicia Barton commending her for New York's leadership in instituting 0% financing under the Green Jobs, Green New York program. Clean energy projects will be a stimulus as the economy re-activates. The letter also urged that a companion loan program be developed to up the available financing to a total of $50,000 to allow more latitude in combining heat pump installations with solar panels, weather sealing and other measures to get New York's buildings where they need to be.
On Friday May 28th Conrad Metcalfe, Executive Director at the Building Performance Contractors' Association of New York State sent a support letter reinforcing the call for a companion loan as well as praise for New York's 0% initiative. Both these letters follow on the heels of one from Dandelion.