The New Hampshire Community Development Finance Authority's (CDFA) Clean Energy Fund invests in energy efficiency and renewable energy projects for cost reduction purposes -- specifically for businesses, non-profits, and municipalities. The fund is capitalized at over $10 million and merges four individual revolving loan funds dedicated to energy efficiency improvements and various clean/renewable energy initiatives all into a single program.
Funding comes from both federal and state sources, including CDFA's own funds. Projects eligible for funding are those resulting in a minimum energy savings of 15%, among other criteria. Project examples include LED lighting retrofits, weatherization, community solar and rooftop solar, and heat pumps, among others.
Loan amounts range from $30,000 to $500,000, and loans down to $15,000 will be considered for certain municipal projects. The loan term is up to 10 years, with a potentially longer period for renewable energy projects. Interest rates range between 2.0-2.5% (federal funds) and 3.0-3.5% (non-federal funds) for municipalities, schools, and non-profits. Business interest rates range between 3.0% (federal funds) and 4.5% (non-federal funds).
Pre-application consultation with CDFA staff is required before submitting a formal application. Contact CDFA at 603-226-2170 or email the Director of Clean Energy Financing, Scott Maslanksy.
For more information view the application and program guide.
|Incentive Type:||Loan Program|
|Administrator:||New Hampshire Community Development Finance Authority|
|Eligible Renewable/Other Technologies:||
|Loan Term:||Up to 10 years|
|Interest Rate:||Depends on the type of applicant entity.|
|Organization:||Director of Clean Energy Finance - CDFA|
14 Dixon Ave, Suite 102
Concord NH 03301
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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