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Equipment Loan
Borrower
Building Owner
Minimum Loan Size
$200,000
% Loan Financing Available
Up to 90% of project costs (up to 100% for affordable multifamily)
Features
Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging
Eligible Building Types
Multifamily
Commercial and Industrial
Institutional
Eligible Energy Efficiency and Clean Energy Technologies Financed
Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Solar Photovoltaic
Combined Heat and Power
Fuel Conversion
Other technologies and applications evaluated on a case-by-case basis
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.
Featured Projects

Spencer Place
The project was a retrofit of the affordable multifamily building in Brooklyn. The building owner sought to save money and improve building performance by implementing energy upgrades recommended in its NYSERDA energy audit.
Learn MorePACE Loan
Borrower
Building (via property tax mechanism)
Minimum Loan Size
$150,000
% Loan Financing Available
Up to 100% of project costs (or as permitted under local PACE law)
Features
Permanent financing
Construction financing depending on jurisdiction
Eligible Building Types
Multifamily
Commercial and Industrial
Institutional
Eligible Energy Efficiency and Clean Energy Technologies Financed
Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Solar Photovoltaic
Combined Heat and Power
Fuel Conversion
Deep Energy Retrofits
High-Performance Buildings
Other technologies and applications evaluated on a case-by-case basis
NYCEEC is a PACE lender in CT
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.
Energy Services Agreement (ESA) Loan
Borrower
SPE owned by developer
Minimum Loan Size
$400,000
% Loan Financing Available
Up to 80% of project costs (20% developer equity)
Features
Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging
Eligible Building Types
Multifamily
Commercial and Industrial
Institutional
Eligible Energy Efficiency and Clean Energy Technologies Financed
Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Other technologies and applications evaluated on a case-by-case basis
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.
Featured Projects

Marcus Garvey
Demand Energy, a leading energy storage company in NYC, was looking to expand into new markets.
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Ecosave Hebrew Home
Ecosave provided a turnkey solution with an energy services agreement (ESA) that guaranteed project performance. The project included upgrades such as LED lighting, replacement of fan coil units, building automation system upgrades, electric and steam submeters, air handling units, variable frequency drives on pumps and fans.
Learn MorePower Purchase Agreement (PPA) Loan
Borrower
SPE owned by developer
Minimum Loan Size
$400,000
% Loan Financing Available
Up to 80% of project costs (20% developer equity)
Features
Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging
Eligible Building Types
Multifamily
Commercial and Industrial
Institutional
Eligible Energy Efficiency and Clean Energy Technologies Financed
Solar Photovoltaic
Combined Heat and Power
Other technologies and applications evaluated on a case-by-case basis
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.
Featured Projects

Greenwood Millennium Broadway
The Millennium Broadway is a large business and tourist-oriented hotel in the Theater District. The hotel wanted to install a new cogeneration system and other HVAC-related efficiency measures.
Learn More
Lakeside Towers
The building entered into a power purchase agreement (PPA) with Strategic Finance Group to purchase electrical and thermal generation from a 125 kW Tecogen cogeneration system.
Learn MoreGreen Construction Loan
Borrower
Building Owner
Minimum Loan Size
$300,000
% Loan Financing Available
Up to 90% of project costs (up to 100% for affordable multifamily)
Features
Construction financing
Multiple draws
Eligible Building Types
Multifamily
Commercial and Industrial
Institutional
Eligible Energy Efficiency and Clean Energy Technologies Financed
Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Solar Photovoltaic
Combined Heat and Power
Fuel Conversion
Deep Energy Retrofits
High-Performance Buildings
Other technologies and applications evaluated on a case-by-case basis
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.
Featured Projects

651 New York Avenue
NYCEEC provided a loan for just the efficiency work, enabling the developer to upgrade from standard building code to deeper, high performance building standards.
Learn More
9th Street
NYCEEC provided a $685,000 mortgage loan with multiple draws and capitalized interest.
Learn MoreMultifamily Solar Loan
Borrower
Building Owner
Minimum Loan Size
$200,000
% Loan Financing Available
Up to 90% of project costs (up to 100% for affordable multifamily)
Features
Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging
Eligible Building Types
Multifamily
Eligible Energy Efficiency and Clean Energy Technologies Financed
Solar Photovoltaic
Other technologies and applications evaluated on a case-by-case basis
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.
Featured Projects

Elmo Homes
Elmo Homes is a self-managed 24-unit co-op building. The owners wanted to purchase and install rooftop solar to generate electricity onsite and lower greenhouse gas emissions.
Learn MoreMultiFamily Express Green (MEG) Loan
Borrower
Cooperatives and Condominium Associations
Minimum Loan Size
$200,000
% Loan Financing Available
Up to 90% of eligible project costs
Features
Standardized Loan Documentation
Streamlined Closing Process
No Energy Audit Required
Eligible Building Types
Cooperatives
Condominiums
Eligible Technologies
Solar Photovoltaic (and associated roof upgrades)
HVAC Upgrades
Electrification
Heat Pumps
Windows
Building Envelope Upgrades
Battery Storage
Local Law 97 Compliance Measures