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New Hampshire

New Hampshire

Incentives/Policies for Renewables & Efficiency

Printable Version
Enterprise Energy Fund Loans   

Last DSIRE Review: 12/14/2012
Program Overview:
State: New Hampshire
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Refrigerators, Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, CHP/Cogeneration, Heat recovery, Steam-system upgrades, Compressed air, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Comprehensive Measures/Whole Building, Custom/Others pending approval, Unspecified Technologies, Commercial Refrigeration Equipment, Personal Computing Equipment, Data Center Equipment, Food Service Equipment, Cool Roof
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Not specified, Other Distributed Generation Technologies
Applicable Sectors: Commercial, Nonprofit
Amount:$10,000 - $500,000
Maximum Incentive:$500,000
Terms:Vary by applicant and project type
Expiration Date:Not specified
Funding Source:The American Recovery and Reinvestment Act (ARRA) State Energy Program (SEP)
Program Budget:$6.6 million
Start Date:03/2010
Expiration Date:When funding is exhausted
Web Site: http://www.nhcdfa.org/energy-efficiency/for-businesses
Summary:

Note:  This program is fully subscribed and currently is not accepting applications. Check with the program administrator regarding the possibility of future program funding.

The New Hampshire Community Loan Fund and the New Hampshire Community Development Finance Authority offer the Enterprise Energy Fund. This revolving loan is funded through New Hampshire's State Energy Program allocation under the American Recovery and Reinvestment Act (ARRA). The purpose of the fund it to help business owners and non-profit organizations in the state make energy improvements on their buildings. A wide range of activities are eligible for funding including energy audits, whole building improvements, equipment and appliance upgrades, lighting upgrades, heating and cooling upgrades, solar thermal technologies, and renewable energy installations, among others. The CDFA and Community Loan Fund will work with organizations to try to make the cost of financing less than the energy savings.

The application period is currently open and applicants must submit initial inquiries via the CDFA grants management website. There is no application deadline, however, funding is available on a first-come, first-served basis. Project applications will be evaluated on criteria including the financial stability of the business or non-profit, the age of the building where the efficiency project is proposed, and the current energy efficiency of the building (based on an energy audit). In addition, because the Enterprise Energy Fund is trying to include a wide range of business types (small, large) and geographic diversity, those factors will also be considered in funding decisions.

The Enterprise Energy Fund, while primarily a revolving loan, will have a limited amount of funding for grants. These grants will be used to bring costs down for non-profits that provide "essential services," as well as support eligible commercial entities invest in renewable energy systems to bring the payback period down.

 


 
Contact:
  Cassandra Bradley
New Hampshire Community Development Finance Authority
14 Dixon Avenue
Suite 102
Concord, NH 03301
Phone: (603) 717-9114
E-Mail: cbradley@nhcdfa.org
Web Site: http://www.nhcdfa.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.