| Implementing Sector | State |
|---|---|
| Category | Financial Incentive |
| State | New Hampshire |
| Incentive Type | Loan Program |
| Web Site | https://resources.nhcdfa.org/programs/clean-energy-fund/application/program-overview/ |
| Administrator | New Hampshire Community Development Finance Authority |
| Budget | $10 million |
| Eligible Renewable/Other Technologies | Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Wind (Small), Hydroelectric (Small), Anaerobic Digestion, Fuel Cells using Renewable Fuels |
| Eligible Efficiency Technologies | Yes; specific technologies not identified |
| Applicable Sectors | Commercial, Local Government, Nonprofit |
| Maximum Loan | $500,000 |
| Loan Term | Up to 10 years |
| Interest Rate | Depends on the type of applicant entity. |
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 (some specific limitations may apply).
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.
