The Enterprise Energy Fund for Nonprofits

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.

Program Details

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.

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.

Partners

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 CDFAs online grants management system. Inquiries will be reviewed on a first-come, first- served basis.

See the Enterprise Energy Fund

CDFA Events
2014-04-17
The CDBG Advisory Committee will discuss the first round of CDBG Housing and Public Facilities grants for 2014.
2014-04-18
All applications for 2015-2016 CDIP Tax Credits are due by close of business.
2014-04-30
The deadline for the first round of CDBG Planning Grants
2014-05-20
Required for all awardees, this workshop discusses how to implement the requirements of a CDBG grant.
2014-06-04
This workshop will explain the CDBG program and instruct applicants how to apply for funding.