Municipal Energy Reduction Fund

Last updated: August 28, 2018

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
Funding Source:Greenhouse Gas Emissions Reduction Fund (RGGI)
Start Date:03/17/2010
Eligible Renewable/Other Technologies:Combined Heat & Power, Other Distributed Generation Technologies
Eligible Efficiency Technologies: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

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.

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