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Revolving Loan Fund

Active
PON 6025State & 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 seeking qualified contractors to administer a revolving loan fund aimed at enabling low-to-moderate-income single-family homeowners to access low-interest financing for energy efficiency and decarbonization retrofits. Eligible projects include installations such as smart thermostats, air source heat pumps, and ground source heat pumps, with the goal of reducing energy costs and enhancing home comfort. NYSERDA will allocate up to $400,000 per qualified applicant to fund these loans on a first-come, first-served basis, creating a sustainable financial tool that recirculates repayments into future loans. To qualify, applicants must have been in active full status for at least two years with the PSEG Long Island Home Comfort or Home Performance Program, or for at least one year with the Green Jobs-Green New York Residential Financing Program, having completed a minimum of ten approved and financed projects under that program. The opportunity is open to contractors across all New York State counties, with a contract term of one year and a submission deadline of December 31, 2030. No set-asides or subcontracting goals are in place for minority, women, service-disabled veteran-owned, or disadvantaged businesses, and there are no restrictions on entities that have previously received similar contracts.

General Info

NYSERDA funds contractors to offer low-interest loans for energy retrofits to low-moderate-income homeowners across New York State.

Agency

New York → NyserdaView Agency

NAICS

522390 - Other Activities Related to Credit IntermediationView NAICS

Place of Performance

New York State, All NYS counties, NY, USA

Set-Aside

NONE

Documents

(0)

No documents available

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Timeline

PhaseSolicitation
Posted

Solicitation

Response Deadline

Submission deadline

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Organization & Contact Information

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AgencyNew York → Nyserda
Contacts4 people available
OfficeN/A
Organization / Agency
New York → Nyserda
View Agency Profile
Office AddressN/A
Contacts
Heather J. ClarkAssistant Director
contact@example.gov
+1 (555) 000-0000
Heather ClarkAssistant Director
contact@example.gov
+1 (555) 000-0000
James CowmanAssistant Contract Manager
contact@example.gov
+1 (555) 000-0000
NA NANA
contact@example.gov
+1 (555) 000-0000

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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