0% Financing Applications End Today June 15 2020, 0 Comments
On Friday June 12th NY-GEO sent a letter to NYSERDA President Alicia Barton requesting an extension of the 0% financing for clean energy projects to the end of 2020. The letter recognized the early success of the program, as applications were already in place for most of the allocated $20 million available for loans. The letter also reiterated NY-GEO's call for a companion loan that would take total available financing from $25,000 to $50,000.
Almost as if they passed each other on the airwaves, NYSERDA sent an announcement they would stop accepting applications Monday, June 15th at 6PM. The NYSERDA website states:
All applications received prior to this deadline will get 0%. Applications received by NYSERDA's loan originator through on-line application or fax after 6 p.m. EST Monday, June 15 or applications received by mail and postmarked after June 15 will no longer be eligible to receive 0% but will be eligible for the geographic interest rates of 3.49%-6.99%.
Below is a June 13th screenshot from the website showing the allocation of funds.