We became aware late last week that Power Smith, one of the larger and more reputable home performance companies on Long Island, was shutting down its operations. Power Smith opened their doors in 2010 and developed a reputation for quality work. Over the next 5 years they grew quickly especially in the Long Island market, especially in the Babylon Area. While we were competitors, we cooperated on many public awareness and industry development initiatives.
ALERT - Increases to Green Jobs-Green New York Interest Rates for Program Sustainability coming Jan 31 2016
For the last several years, the Green Jobs-Green New York (GJGNY) residential loan program has assisted homeowners with loans to participate in energy efficiency and renewable energy projects within New York State. In an announcement made in Oct of 2015, two increases were put in place to transition interest rates available to some higher income homeowners to sustain the program so that it will continue to assist New York homeowners in the years to come. Low and middle income homeowners will not be impacted. These changes were necessary to keep this program in place for the benefit of all homeowners.
The interest rate increases that will take effect for loan applications received on or after February 1, 2016 are as follows: