Energy Efficiency Revolving Loan Fund

Energy Efficiency Revolving Loan Fund Capitalization Grant Program History:

The passage of the Infrastructure Investment and Jobs Act (IIJA) resulted in a $250 million appropriation into the Energy Efficiency Revolving Loan Fund Capitalization Grant Program. This program is designed to provide capitalization grants to states to establish revolving loan funds and other financing options under which the state will provide loans and grants for energy efficiency audits, upgrades, and retrofits to increase the energy efficiency and comfort of residential and commercial buildings.

The New Hampshire Department of Energy (NHDOE) is eligible to receive $813,450 from this program. In partnership with the New Hampshire Business Finance Authority (BFA), the NHDOE will establish a loan loss reserve program to provide financing for energy upgrades and retrofits to public and private commercial building owners. Under this financing model, both the BFA and the NHDOE intend to maximize loan volume and leverage private capital, accelerate and maximize energy savings, and comply with the federally prescribed Justice40 Initiative.

Energy Efficiency Revolving Loan Fund Capitalization Grant Program Information:

The NHDOE applied for its formula grant funding in May 2023 and awaits federal approval of its application. At this time, the Energy Efficiency Revolving Loan Fund Capitalization Grant Program is not open to applications. The BFA and the NHDOE will notify interested stakeholders on any future program developments.