Municipal Energy Reduction Fund

May 22, 2017

Summary

In March 2010, the New Hampshire Community Development Finance Authority (CDFA) launched a revolving loan program to encourage the state’s municipal governments to invest in energy efficiency and alternative energy. A wide variety of energy efficiency measures and alternative energy technologies are eligible, and the program is customizable, based on a municipality's needs. The CDFA also will work with municipalities to take advantage of other programs that might be available, including utility incentives and other loan programs. School districts are not eligible for this program.

Loans are typically structured so that payments are made with money yielded by energy savings. Loan amounts range from $5,000 to $400,000. Loan terms are as follows:

3 years - 2.50%
5 years - 3.00%
7 years - 3.50%
10 years - 4.00%

This program is supported by New Hampshire's Greenhouse Gas Emissions Reduction Fund, which receives revenue from carbon dioxide (CO2) auctions held under the Regional Greenhouse Gas Initiative (RGGI), of which New Hampshire is a member. Interested municipalities must submit an application through CDFA's online grants management system.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	New Hampshire
Incentive Type:	Loan Program
Web Site:	http://www.nhcdfa.org/energy-efficiency/for-municipalities
Administrator:	New Hampshire Community Development Finance Authority
Start Date:	3/17/2010
Eligible Renewable/Other Technologies:	Combined Heat & Power Equipment Insulation Lighting 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 Yes; specific technologies not identified Other Distributed Generation Technologies
Maximum Loan:	$400,000
Loan Term:	3 to 10 years
Interest Rate:	2.5% to 4% (varies by loan term)

Contact

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.