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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