NYSERDA’s Green Jobs-Green New York Program: Extending Energy Efficiency Financing To Underserved Households

Publication Type

Policy Brief

Date Published

01/2011

LBNL Report Number

LBNL-4556E

Abstract

The New York legislature passed the Green Jobs-Green New York (GJGNY) Act in 2009. Administered by the New York State Energy Research and Development Authority (NYSERDA), GJGNY programs provide New Yorkers with access to free or low-cost energy assessments, energy upgrade services, low-cost financing, and training for various „green-collar‟ careers. Launched in November 2010, GJGNY‟s residential initiative is notable for its use of novel underwriting criteria to expand access to energy efficiency financing for households seeking to participate in New York‟s Home Performance with Energy Star (HPwES) program. The GJGNY financing program is a valuable test of whether alternatives to credit scores can be used to responsibly expand credit opportunities for households that do not qualify for traditional lending products and, in doing so, enable more households to make energy efficiency upgrades.

Secondary Title

Clean Energy Program Policy Brief

Year of Publication

2011

Citation Key

6306

Publisher

LBNL

Tertiary Authors

Pagination

7

Place Published

Berkeley

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