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Revolving Loan Fund

Active
2128410State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

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The New York State Energy Research and Development Authority is seeking qualified contractors to utilize Department of Energy State Energy Efficiency Revolving Loan Fund funds to support energy efficiency and decarbonization projects for low-to-moderate-income single-family homeowners. This program provides low-interest loans to finance retrofits such as smart thermostats and the installation of air source or ground source heat pumps to reduce energy costs and improve home comfort. Each qualified applicant can have up to 400,000 dollars reserved for eligible customers, with funds allocated on a first-come, first-served basis. To be eligible, applicants must have been a participating contractor in active full status for at least two years with the PSEG Long Island Home Comfort or Home Performance Programs, or for at least one year with the Green Jobs-Green New York Residential Financing Program with at least ten completed projects. The solicitation is open to entities across all New York State counties with a response deadline of December 31, 2030. The contract term is one year, and there are no specific minority, women, or veteran-owned business subcontracting goals required.

General Info

NYSERDA seeks qualified contractors to administer $400,000 low-interest loans for energy-efficient home upgrades.

Agency

New York State Energy Research and Development Authority

NAICS

333415 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing

Place of Performance

NY, USA

Set-Aside

NONE

Documents

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Timeline

PhaseSolicitation
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Organization & Contact Information

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AgencyNew York State Energy Research and Development Authority
Contacts1 person available
OfficeN/A
Organization / Agency
New York State Energy Research and Development Authority
Office AddressN/A
Contacts
Heather J. ClarkAssistant Director
contact@example.gov

Full Description

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Description of goods to services to be bid: The New York State Energy Research and Development Authority (NYSERDA) requests applications from qualified contractors to utilize the Department of Energy State Energy Efficiency Revolving Loan Fund (DOE-EERLF) funds for projects financed by single family residential customers. NYSERDA has established a new revolving loan fund intended to spur investment in energy efficiency and decarbonization measures for single family residential housing. This program will offer low interest rate loans to low-to-moderate-income (LMI) single-family homeowners to complete energy efficiency retrofits. The establishment of a revolving loan fund will provide an on-going and accessible financial support at a low cost. Energy efficiency upgrades and retrofits will aim to reduce energy costs and improve home comfort. Projects include energy efficiency measures, including but not limited to smart-thermostats and installation of air source and ground source heat pumps.   Four hundred thousand dollars ($400,000.00) per Qualified Applicant will be reserved to provide their eligible customers with low interest EERLF Loan (Loan).  Funds will be reserved on a first-come, first-served basis to Qualified Applicants.  If changes are made to this solicitation notification will be posted on NYSERDA’s website at: www.nyserda.ny.gov/funding-opportunities Eligibility/Qualifications Requirements/Preferences: a. A participating contractor in active full status for a minimum of two years with PSEG Long Island Home Comfort Program or PSEG Long Island Home Performance Program. b. A participating contractor in active full status for a minimum of one year with the Green Jobs-Green New York (GJGNY) Residential Financing Program with a minimum of ten (10) approved and completed projects financed by GJGNY loans. Service-Disabled Veteran-Owned Set Aside: No Minority Owned Sub-Contracting Goal: 0% Women Owned Sub-Contracting Goal: 0% Service-Disabled Veteran-Owned Business Contracting Goal: 0% Disadvantaged Owned Sub-Contracting Goal: 0% Due date:12/31/2030 3:00 PM NA Contract term: 1 year County(ies): All NYS counties Location: New York State Business entities awarded an identical or substantially similar procurement contract within the past five years: None

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