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Tag: GJGNY

Companion Loans

Events, Training Opportunities and ConferencesArchive
EmPower NY & Assisted Home Performance with ENERGY STARArchive
Residential Energy AssessmentsArchive
Comfort Home PilotArchive
Green Jobs – Green New York Residential FinancingArchive
General AnnouncementsArchive

To: Contractors and Stakeholders
Regarding Programs: GJGNY Residential Financing Program
Summary: Companion Loans
Contact:[email protected]

In 2021, NYSERDA launched the Companion Loan which was available to Green Jobs – Green New York (GJGNY) financing customers who are fully utilizing the $25,000 GJGNY Loan for their energy efficiency or renewable energy project and need additional loan funding to pay for remaining project costs.

The funding for Companion Loans has almost been fully committed. While NYSERDA assesses available funding sources for the Companion Loans, effective immediately, NYSERDA is pausing the acceptance of any new applications for Companion Loans until further notice. However, all applications for Companion Loans which have been pre-approved or approved by Slipstream as of May 10,2023 will be eligible for funding. Projects for which the Companion Loan may be required, but has not yet been applied for, will not be eligible.

If you have any questions about these changes, please reach out to [email protected], or contact Heather Clark, 518-862-1090 Ext. 3253.

Thank you for your continued support and cooperation in making GJGNY Residential Financing Program a success.

Sincerely,

The Residential Financing Team

Project completion forms & Updated Fuel Rates

Events, Training Opportunities and ConferencesArchive
EmPower NY & Assisted Home Performance with ENERGY STARArchive
Residential Energy AssessmentsArchive
Comfort Home PilotArchive
Green Jobs – Green New York Residential FinancingArchive
General AnnouncementsArchive

To: Contractors
Regarding Programs: Residential Financing Program
Summary: Project completion forms & Updated Fuel Rates
Contact: [email protected]

Project Completion Forms:

Projects using the Green Jobs – Green New York (GJGNY) Residential Financing Loan program must submit a completion certificate signed by both the contractor and the customer. The completion certificates can be found on the Resources for Participating Contractors webpage and should be submitted directly to Slipstream.

For customers that are using the EmPower New York or the Assisted Home Performance with ENERGY STAR® (AHPwES) programs in conjunction with a GJGNY loan the Post Install Measures Report should be completed and submitted. The Post Install Measures Report is also generated from EmpCalc. The EmpCalc generated report can be submitted to Slipstream as long as both the contractor and customer have signed it. Please note that the Post Install Measures Report is not the same as the Certificate of Completion – Audit & Direct Install Report. The Audit & Direct Install Report will not be accepted by Slipstream for GJGNY loans. Older completion forms will not be accepted after March 31, 2023.

For customers that are not using EmPower or AHPwES programs with a GJGNY loan (“Market Rate Customer”) the Certificate of Completion – GJGNY Residential Financing should be completed.

Updated Fuel Rates:

On March 8, 2023, an updated version of the air source and ground source savings calculators and the residential assessment tool will be available on the Resources for Participating Contractors webpage. This version includes updated fuel rates for calculation of loan cost effectiveness for use in the Web ProForma.

The updated fuel rates are based on a three-year average and for cost effectiveness calculations, NYSERDA uses volumetric charges including supply (commodity), transmission and distribution, and other charges applied based on the supply volume. Fixed charges included in the customer bill are not included for savings calculations because fixed charges are applied equally to each comparative use case and are therefore not a factor in the affordability analysis.

Only version 03.01.2023 will be accepted after March 8, 2023.

If you have any question, please reach out to [email protected], or contact Heather Clark, 518-862-1090 ext. 3253.Thank you for your continued support and cooperation in making GJGNY Residential Financing Program a success.

-The Residential Financing Team

Web ProForma Plus launch

Web ProForma Plus launch

To: All Participating Contractors
Regarding Programs: GJGNY Residential Financing Program
Summary: Web ProForma Plus launch – September 14, 2022
Contact: [email protected]

NYSERDA has launched our new web-based ProForma, to support the Green Jobs – Green New York (GJGNY) Residential Financing Program. The new platform, called Web ProForma Plus, will replace the current Excel ProFormas. The Web ProForma Plus can be accessed at http://proformaplus.nyserda.ny.gov/.

A step-by-step Web ProForma Plus User Manual and a pre-recorded training video are posted on the Resources for Participating Contractors page.

The Excel version ProFormas will continue to be accepted after the launch of the Web ProForma until October 17, 2022.

If you have any questions about these changes, please reach out to [email protected], or contact Heather Clark, 518-862-1090 Ext. 3253.

Thank you for your continued support and cooperation in making GJGNY Residential Financing Program a success.

Sincerely, 
The Residential Financing Team