All of New York · Loan
On-Bill Recovery Loan
Run by NYSERDA (New York State Energy Research and Development Authority)
NYSERDA loans of $1,500 to $25,000 for solar panels, heat pumps and energy efficiency work on one- to four-family New York homes, repaid through your utility bill over 5, 10 or 15 years, with a balance that can pass to the next owner.
Amounts
How much you get
A loan, not a rebate: $1,500 to $25,000, with a 5, 10 or 15 year term, paid back on your utility bill. Your estimated average monthly energy cost savings must be greater than the monthly loan payment. Loans over $13,000 must have a payback period under 15 years. The interest rate depends on household income and location (NYSERDA's rate estimator) and is set after a credit review.
Eligibility
Do I qualify?
You need to meet all 5 of these.
You must own the home and be named on the utility account.
Existing one- to four-family homes. Stand-alone additions, new construction and gut rehabs are not eligible.
The home must be served by a participating utility: Central Hudson, Con Edison, PSEG Long Island, NYSEG, National Grid (upstate only), Orange & Rockland or RG&E. PSEG Long Island electric customers apply directly through their utility.
You need a no-cost home energy assessment first, and the work goes through a NYSERDA program (Comfort Home, EmPower+, NY-Sun, NYS Clean Heat or PSEG Long Island's Home Performance and Home Comfort programs) with a participating contractor.
What to doGet the no-cost energy assessment through your participating contractor before applying for the loan.
Credit approval. Debt-to-income limits run from 40% (credit score 540-599) to no limit (720+); mortgage paid on time for 12 months; no bankruptcy, foreclosure or repossession in 24 months; collections, judgments and liens no more than $2,500; no prior GJGNY loan 30 or more days late.
Equipment
What equipment counts
Applying
How to apply
Follow these steps.
- Get a no-cost home energy assessment from a participating contractor.
- Choose the loan with your contractor.
On-Bill Recovery requires that estimated monthly energy savings exceed the loan payment.
- Apply online through NYSERDA's Residential Financing application and pass the credit review.
Loans are originated by Slipstream.
- Repay through your monthly utility bill.
A declaration is filed with the County Clerk to record the obligation.
Questions about applyingresidential.financing@nyserda.ny.gov
Stacking
Use it with
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does On-Bill Recovery Loan pay?
A loan, not a rebate: $1,500 to $25,000, with a 5, 10 or 15 year term, paid back on your utility bill. Your estimated average monthly energy cost savings must be greater than the monthly loan payment. Loans over $13,000 must have a payback period under 15 years. The interest rate depends on household income and location (NYSERDA's rate estimator) and is set after a credit review.
Does it matter where I live?
Yes. It’s only for homes in New York. See Do I qualify for the details.
Do renters qualify?
You must own the home and be named on the utility account.
Do I need approval before I buy?
You need a no-cost home energy assessment first, and the work goes through a NYSERDA program (Comfort Home, EmPower+, NY-Sun, NYS Clean Heat or PSEG Long Island's Home Performance and Home Comfort programs) with a participating contractor. Get the no-cost energy assessment through your participating contractor before applying for the loan.
Is it still available?
Yes. It was open when we last checked, on October 26, 2026.
What happens to the loan if I sell my home?
You can pay it off or transfer it. The balance can be transferred to the new owner as long as you give the buyer written notice.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
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