Enterprise Energy Fund Overview

Businesses can save money through energy efficiencyThe Enterprise Energy Fund is a low-interest, revolving loan fund 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.

Program Details
CDFA and its partners 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.

Funds will be loaned to businesses and nonprofits 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.

Eligible Activities
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 application on CDFA's online grants management system. Applications will be reviewed on a first-come, first- served basis. CDFA also holds workshops to assist organizations interested in the program.

If you have questions about the loan fund, workshops, or the application process, contact Ted Kuchinski at 717.9125.

Additional Information
See the Enterprise Energy Fund FAQ for more information about the application and approval process.

CDFA Events
The Finance Committee will meet on Tuesday
Learn how your community, nonprofit can qualify for a federal Community Development Block Grant through CDFA.
The CDFA Board of Directors will hold its monthly meeting
The Community Development Advisory Committee will discuss the latest CDBG applications
The Community Development Finance Authority is conducting an Application Writing Workshops for its Tax Credit Program.