Drinking Water State Revolving Loan Fund (New Mexico)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Drinking Water State Revolving Loan Fund|
|Incentive Type||State Loan Program|
|Applicable Sector||Local Government, Public Water Systems|
|Eligible Technologies||Photovoltaics, Other Distributed Generation Technologies, Yes; specific technologies not identified|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||Loan recipients can receive principal forgiveness starting at 25% of project costs. Additional principal forgiveness may be available for projects earning "disadvantaged community" status and "green project" status, up to a maximum 75% principal forgiveness.|
|Funding Source||Environmental Protection Agency Capitalization Grant; additional funds from state.|
|Terms||0% to 4% with terms of 20 years following a two-year construction period|
|Program Administrator||New Mexico Finance Authority|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
The Drinking Water State Revolving Loan Fund provides low-cost financial assistance to eligible public water systems to finance the cost of repair and replacement of drinking water infrastructure, maintain or achieve compliance with the federal Safe Drinking Water Act (SWDA) requirements, and protect drinking water quality and public health.
The program offers principal forgiveness starting at 25% of project costs. Depending on determinations to be made by the New Mexico Financing Authority, additional principal forgiveness for up to a total of 75% of project costs may be awarded for communities that qualify as disadvantaged communities and certified "green projects". Green projects include green infrastructure, water conservation, energy efficiency improvements, or other environmentally innovative activities. See the website above for complete details, including the fiscal year 2015 Intended Use Plan (effective July 2014).
|Contact Name||Todd Johansen|
|Department||New Mexico Finance Authority|
|Address||207 Shelby St.|
|Place||Sante Fe, New Mexico|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.