path for a sustainable future

New state plan pairs loans and utility bills

Homeowners will soon have the option to repay energy-related home improvement loans of up to $25,000 on their monthly utility bills.

Gov. Andrew Cuomo touted the new service last week in his State of the State address as a convenience that is expected to spur interest in state-sponsored energy-efficiency programs.

Customers who borrow to pay for insulation, air sealing, high-efficiency furnaces or other approved items can use so-called “on-bill financing” to pay back the loan as part of their monthly utility bill.

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Posted in: Public Involvement