New York State Energy and Research Development Authority is a public benefit corporation set up in the 1970s, that works to encourage more uptake of energy efficiency and low carbon energy programs across the state.
This Bond will be used to finance or refinance loans made by NYSERDA to fund the installation of solar electric systems for eligible applicants pursuant to the NYSERDA’s Green Jobs—Green New York (“GJGNY Program”), program for one-to-four family residential structures.
This program provides financing for residential energy efficiency improvement loans in New York for residential, small business and not-for-profit corporations. Beginning in April 2014, under the GJGNY Program, NYSERDA began a program (the “Residential Solar PV Loan Program”) to provide solar loans to reduce the cost of solar electric (also referred to as photovoltaic, or PV) systems across New York State (“Solar Loans”).
Pursuant to the Residential Solar PV Loan Program, Solar Loans are available for residential customers only for up to $13,000, or up to $25,000 with higher cost-effectiveness standards, with repayment periods of 5, 10, or 15 years.
|NAME OF BOND||
DATE OF ISSUE
|TYPE OF INSTRUMENT||
JURISDICTION OF ISSUE
CLIMATE BONDS SECTOR CRITERIA
|ANNUAL REPORT||FURTHER INFORMATION|
|Residential Solar Financing Revenue Bonds, Series 2018A||March 2018||Use of proceeds bond||USD18.5m||16 years||New York State, United States||Solar||
First Environment pre issue report
|Annual Report April 2020|