Renewable Energy and Energy Efficiency Business Loan (New Hampshire)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Renewable Energy and Energy Efficiency Business Loan|
|Incentive Type||State Loan Program|
|Eligible Technologies||Central Air conditioners, Chillers, Compressed air, Custom/Others pending approval, Heat pumps, Lighting, Motor VFDs, Motors, Biomass, Other Distributed Generation Technologies, Photovoltaics, Solar Thermal Process Heat, Solar Water Heat, Wind, Dry-Type Transformers|
|Incentive Inactive Date||2012-04-25|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Terms||Maximum term of seven years. Interest rate is prime rate minus 1% (floating)|
|Program Administrator||New Hampshire Business Resource Center|
|Date added to DSIRE||2006-08-28|
|Last DSIRE Review||2012-04-25|
|References||Database of State Incentives for Renewables and Efficiency|
The New Hampshire Business Resource Center (BRC) and People's United Bank have partnered to offer the Renewable Energy and Energy Efficiency Business Loan Program, which provides low-interest loans to small businesses to purchase structural and equipment improvements that reduce energy consumption. A variety of energy efficiency measures and renewable energy systems are eligible for financing. This program targets loan amounts of $10,000 or more, with a maximum term of seven years. The interest rate is the prime rate minus 1%. Participants use energy cost savings to repay the loan. While there are no upfront costs, a credit check is required.
Eligible projects include energy-efficient lighting, variable frequency drives, premium efficient motors, energy-efficient HVAC systems and chillers, air compressors, energy-efficient dry-type transformers, custom energy-efficiency measures, and renewable-energy systems.
There is a pre-qualification application available on the NHBRC web site.
|Contact Name||Public Information Officer|
|Department||New Hampshire Business Resource Center|
|Address||P.O. Box 1856|
|Address 2||172 Pembroke Road|
|Place||Concord, New Hampshire|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.