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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 (NYSERDA) is soliciting applications from qualified contractors to administer low interest loans funded through the Department of Energy State Energy Efficiency Revolving Loan Fund (DOE-EERLF) for energy efficiency and decarbonization projects targeted at single-family residences. This revolving loan fund, with a focus on low-to-moderate-income homeowners, is designed to promote energy cost reduction and home comfort improvements via upgrades such as smart thermostats and heat pump installations. Each qualified applicant is allocated $400,000 to offer these loans on a first-come, first-served basis, supporting ongoing financial access for energy retrofits across all New York State counties. Eligible contractors must have at least two years of active full participation in either the PSEG Long Island Home Comfort Program or Home Performance Program, and a minimum of one year in the Green Jobs-Green New York Residential Financing Program with at least ten completed GJGNY-financed projects. The contract term is one year, with a deadline for applications set for the end of 2030. There are no set-asides or subcontracting goals based on minority, women, veteran, or disadvantaged business status. Updates regarding the solicitation will be posted on NYSERDA’s funding opportunities website, and the point of contact for submission or inquiries is Heather J. Clark, Assistant Director.

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 ManufacturingView NAICS

Place of Performance

NY, USA

Set-Aside

NONE

Documents

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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
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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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