Boston Community Capital - Energy Advantage Program (Massachusetts)

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Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place Massachusetts

Name Boston Community Capital - Energy Advantage Program
Incentive Type State Loan Program
Applicable Sector Low-Income Residential
Eligible Technologies Comprehensive Measures/Whole Building, Photovoltaics, Wind
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Varies















Maximum Incentive Varies




Program Budget $10 million




Terms Varies
Program Administrator Boston Community Capital
Website http://www.bostoncommunitycapital.org
Date added to DSIRE 2007-05-23
Last DSIRE Review 2008-05-28



References DSIRE[1]


Summary

Boston Community Capital, in partnership with Massachusetts Housing Partnership, will investigate the overall effectiveness and cost-efficiency of green housing by funding several developments across the state over a two-year period. Boston Community Capital expects to finance 8-12 projects ranging in size from 50 to about 250 existing housing units. The target savings for projects taking advantage of the program include a 33% reduction of electrical usage through conservation and efficiency and a 20% reduction through on-site generation capacity, a 33% reduction in water usage, and a 25% heating reduction through conservation, high efficiency boilers, and building envelope improvements.

In the process, Boston Community Capital seeks to create a model for financers to follow that will allow other developers to include greening of developments in their financing requests. It is anticipated that projects eligible for participation will be selected by early May, but necessary paperwork can be completed by July 1. Improvements on projects can be completed during 2007 and early 2008.

For more information, contact Dick Jones at djones@bostoncommunitycapital.org.


Incentive Contact

Contact Name Dewitt Jones
Department Boston Community Capital

Address 56 Warren Street

Place Boston, Massachusetts
Zip/Postal Code 02116
Phone (617) 427-3580


Email djones@bostoncommunitycapital.org
Website http://www.bostoncommunitycapital.org
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"