Finance Mechanisms: Older News

Locally:

• 1.10– The Energy $mart Loan Programs and Ithaca Neighborhood Housing Services are working with NYSERDA to offer interest rate reductions of up to 4.0% from the normal interest rate of participating lenders normal market rate for a term of up to 10 years. NYSERDA pays the lender a lump sum interest reduction payment by calculating the net present value, discounted at the base interest rate, between the difference of the monthly loan payments at the base interest rate and the discount rate for ten years.
• 11.09– The Town of Dryden Highway Department and the Dryden Renewable Energy Work Group (DREW) collaborated on an energy audit of the highway department barns. The Town of Dryden Town Board allotted $30,000 to town residents as grants of up to $1,500 for energy efficiency upgrades.
• 6.09– The Be2 Loan Program of Binghamton, New York is a federally funded sustainable energy loan program. This program can be used for energy efficiency and audits for residential or commercial applicants. The borrower repays the city through a benefit assesment on the water bill. Read more...

Last Updated: June 7, 2010