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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 apply for the Department of Energy State Energy Efficiency Revolving Loan Fund (DOE-EERLF) aimed at financing energy efficiency and decarbonization projects for single-family residential customers. This program specifically targets low-to-moderate-income homeowners by providing low interest loans to support energy retrofit measures such as smart thermostats, air source heat pumps, and ground source heat pumps. Each qualified applicant may be allocated up to $400,000 to distribute loans to eligible customers, with funds reserved on a first-come, first-served basis. The initiative is designed to lower energy costs, enhance home comfort, and create a sustainable financing mechanism through the establishment of a revolving loan fund. Eligibility criteria require contractors to have at least two years of full participation in either the PSEG Long Island Home Comfort or Home Performance programs, or at least one year with the Green Jobs-Green New York Residential Financing Program, including completion of a minimum of ten projects financed by GJGNY loans. The contract term is one year, with services applicable across all New York State counties. There are no subcontracting goals related to minority, women, service-disabled veteran, or disadvantaged owned businesses. The deadline for submissions is December 31, 2030, with communications and support facilitated by designated NYSERDA contacts. No recent identical or similar contracts have been awarded in the past five years.

General Info

NYSERDA offers up to $400,000 loans for energy retrofits targeting low-income NY homeowners.

Agency

New York → Nyserda

NAICS

522291 - Consumer LendingView NAICS

Place of Performance

All NYS counties, NY, USA

Set-Aside

NONE

Documents

(0)

No documents available

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Timeline

PhaseSolicitation
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Solicitation

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Organization & Contact Information

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AgencyNew York → Nyserda
Contacts4 people available
OfficeN/A
Organization / Agency
New York → Nyserda
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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