Savings with low landlord cost!
(Example) Cost of Energy Improvements |
$5,000 |
Energy $mart Loan: $5,000 at 3% |
$48.28 |
(Example) Monthly Energy Savings |
$50 per month |
Net Monthly Savings |
$1.62 |
Your
landlord could get $5,000 in rental unit improvements at low
interest-while you could save $50 per month on energy and enjoy improved
comfort!
Your landlord can choose how to finance their improvements:
Option A: New York Energy $mart LoanSM
Ithaca Neighborhood Housing Services (607-227-4500)
GetEnergySmart.org (1-877-NY-SMART)
Your landlord may qualify for a loan as low as 3% (with closing costs and requirements, unsecured up to $20,000). They can combine this loan with non-energy home improvements.
Option B: ENERGY STARĀ® Loan
GetEnergySmart.org (1-877-NY-SMART)
Your landlord may qualify for a loan as low as 6% (unsecured with no closing costs, they can select a term of 3, 5, 7 or 10 years).
Option C: Pay upfront (10% Homeowner Financing Incentive)
GetEnergySmart.org (1-877-NY-SMART)
Your Landlord Can Save: Up to $3,000
If your landlord chooses to finance the work themselves, they may be eligible to receive a %10 rebate (up to $3,000) to reimburse the cost of eligible efficiency improvements. Your landlord may consider this option if they can pay out of pocket or have a small scope of work.
*Remember, everyone's situation is unique and programs change. Contact the listed agencies for more information.
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