LIPA President & CEO Kevin Law, Congressman Steve Israel
Convene Long Island’s First “Green Lending” Summit
Uniondale, NY – Executives from nearly twenty of the region’s top
banks and credit unions will meet with LIPA President & CEO Kevin S. Law
and U.S. Congressman Steve Israel on Monday to discuss partnership
opportunities, the expansion of energy efficiency improvements and
renewable energy systems, and the potential for special, low-interest
financing options to assist homeowners and businesses contemplating
these capital projects.
LIPA offers considerable rebates and incentives to customers for
projects like these, including the installation of photo voltaic (solar)
energy systems, and will expand on those efforts next year through the
launch of Efficiency Long Island, a ten-year, one billion dollar
investment.
"Even with the hefty incentives and rebates LIPA offers, which can
offset as much as 50% of the costs in some cases, these improvements can
still be very costly for our customers,” said Law. “That’s why we are
looking to partner with the Long Island lending community and to begin a
dialogue, with the ultimate goal of creating a source for low-interest
financing for many of these improvements.” |
| WHEN: |
Monday, September 15, 10:30
a.m. |
| WHERE: |
LIPA Headquarters, 2nd Floor Board Room
333 Earle Ovington Blvd, Uniondale, NY |
|
| Note: The lending summit is a
private meeting beginning at 9:30 a.m.; the principals will address
interested media immediately following at approximately 10:30 a.m. |
|
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