The Enterprise Energy Fund for Businesses
The Enterprise Energy Fund is a low-interest loan and grant program available to businesses and nonprofit organizations to help finance energy improvements and renewable energy projects in their buildings. The goals are reduction of energy costs and consumption and promotion of economic recovery and job creation.
CDFA and its partners, the New Hampshire Community Loan Fund and The Jordan Institute, were initially awarded $3.5 million in American Recovery and Reinvestment Act funding through the New Hampshire Office of Energy and Planning, to capitalize a revolving loan fund, the Enterprise Energy Fund. The Fund will help finance energy improvements in buildings owned by micro, small, medium, and large commercial businesses and nonprofit organizations.
An additional $3.1 million was approved in November 2010 for use only in commercial businesses.
A small portion of the Fund will be used for grants to conduct energy audits, to provide down payments to businesses and to nonprofits that provide essential services and have been hardest hit by the recession, to leverage significant private sector funds, and to encourage investments in renewable energy.
A larger percentage of the funds will be loaned to businesses to reduce their energy costs and consumption. The loans will range from $10,000 to $500,000.
CDFA encourages applicants to also make use of utility rebate programs and other related sources of funding, including the NH Office of Energy and Planning.
The program is available to finance improvements to the overall energy-efficiency performance of buildings owned by businesses and nonprofits, thereby lowering their overall energy costs and the associated carbon emissions. These activities will include, but are not limited to, the following:
- Improvements to the buildings envelope, including air sealing and insulation in the walls, attics, and foundations;
- Improvements to HVAC equipment and air exchange;
- Installation of renewable energy systems;
- Improvements to lighting, equipment, and other electrical systems; and
- Conduction of comprehensive, fuel-blind energy audits.
CDFA is partnering with many organizations in a variety of capacities in order to make efficient and timely use of these funds. CDFA will administer the funds for medium and large nonprofits and commercial businesses. The Community Loan Fund will administer the funds for micro- and small commercial businesses and nonprofits. The Jordan Institute will conduct energy assessments and help borrowers make energy improvement decisions.
How to apply
Applicants must submit an Initial Inquiry form on CDFA's online grants management system. Inquiries will be reviewed on a first-come, first- served basis.
See the Enterprise Energy Fund FAQ for more information about the application and approval process.
The CDBG Advisory Committee will discuss the second round of Planning Grant application requests.
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