Enterprise Energy Fund Loans

March 07, 2023


The New Hampshire Community Loan Fund and the New Hampshire Community Development Finance Authority (CDFA) 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 is to help business owners and non-profit organizations in the state make energy improvements for 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. Loan amounts range from $50,000 to $500,000.

Loan terms vary by type of entity. Interest rates for non-profits range from 2% to 2.5%, and loans are provided to these entities in customized 3, 5, 7, and 10-year financing packages. Terms for for-profit businesses are as follows:

  • 3 years - 2.75%
  • 5 years - 3.25%
  • 7 years - 3.50%
  • 10 years - 4.00%

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 (micro, small, medium, large) and geographic diversity, those factors will also be considered in funding decisions.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: New Hampshire
Incentive Type: Loan Program
Web Site: http://www.nhcdfa.org/energy-efficiency/for-businesses
Administrator: New Hampshire Community Development Finance Authority
Start Date: 03/2010
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Solar Space Heat
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Combined Heat & Power
  • Refrigerators/Freezers
  • Equipment Insulation
  • Water Heaters
  • Lighting
  • Lighting Controls/Sensors
  • Chillers
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • 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
  • Other EE
  • Yes; specific technologies not identified
  • Wind (Small)
  • Food Service Equipment
  • Other Distributed Generation Technologies
  • Personal Computing Equipment
  • Data Center Equipment
  • Reflective Roofs
  • Commercial Refrigeration Equipment
Maximum Loan: $500,000
Loan Term: Varies by applicant and project type
Interest Rate: Varies by applicant and project type


Name: Joe Harrison
Organization: New Hampshire Community Development Finance A
Address: 14 Dixon Ave, Suite 102
Concord NH 03301
Phone: (603) 717-9123
Email: jharrison@nhcdfa.org

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.