Enterprise Energy Fund
Energy-efficiency loans and grants
for NH businesses and nonprofits
Note: The fund is not currently accepting new applications for audits or loans
The Enterprise Energy Fund is a low-interest loan and grant program available to businesses and nonprofit organizations to help finance energy improvements and renewable energy projects in their buildings. Its goals are reduction of energy costs and consumption and promotion of economic recovery and job creation.
The New Hampshire Community Loan Fund, New Hampshire Community Development Finance Authority (CDFA) and The Jordan Institute have been awarded $6.6 million in American Recovery and Reinvestment Act funding through the New Hampshire Office of Energy and Planning-State Energy program to capitalize a revolving loan fund, the Enterprise Energy Fund.
The fund is financing energy improvements in buildings owned or leased by small, medium, and large commercial businesses and nonprofit organizations.
A portion of the fund provides grants for energy audits, for down payments to businesses and to nonprofits that provide essential services and have been hardest hit by the recession, to leverage significant private-sector funds, and to encourage investments in renewable energy.
The fund will cover the full cost of an energy audit.
A larger percentage of the funds are loaned to businesses to reduce their energy costs and consumption.
The Community Loan Fund also encourages applicants to also make use of utility rebate programs and other related funding sources.
The program is available to finance improvements to the overall energy-efficiency performance of buildings owned or leased by businesses and nonprofits (excluding new construction), thereby lowering their overall energy costs and the associated carbon emissions. These activities will include, but are not limited to, the following:
- Improvements to the building’s envelope, including air sealing and insulation in the walls, attics, and foundations;
- Improvements to HVAC equipment and air exchange;
- Installation of renewable energy systems;
- Improvements to lighting, equipment, and other electrical systems; and
- Conduction of comprehensive, fuel-blind energy audits.
The Community Loan Fund is partnering with many organizations in a variety of capacities in order to make efficient and timely use of these funds. The Community Loan Fund administers the funds for micro- and small commercial businesses and nonprofits, and the CDFA administers funds for larger projects for all business types. The Jordan Institute conducts energy assessments and helps borrowers make energy improvement decisions.