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Energy Efficiency Revolving Loan Fund (EERLF)
New Mexico — state programLoans may be for amounts between $250,000 and $1,000,000; fixed interest rate of 2%; borrowers must contribute a minimum of 5% of the total project cost (in cash or in-kind); loan terms cannot exceed the useful life of the project or 15 yearsDeadline: rolling
A low-cost loan program funded by the U.S. Department of Energy and administered in partnership with the New Mexico Finance Authority (NMFA) that provides low-interest loans to eligible private nonprofit and for-profit commercial entities for energy efficiency audits, upgrades, and retrofits on buildings used for public or community benefit.
Program details
- Type
- loan
- Amount
- Loans may be for amounts between $250,000 and $1,000,000; fixed interest rate of 2%; borrowers must contribute a minimum of 5% of the total project cost (in cash or in-kind); loan terms cannot exceed the useful life of the project or 15 years
- Deadline
- rolling
- Eligibility
- Private nonprofit and for-profit entities with buildings used for a public or community benefit (e.g., health care, educational, recreational, or cultural facilities benefiting the local community). The commercial entity must do a majority of its business in New Mexico and own or operate one or more commercial buildings; OR own or operate commercial space in a building that serves multiple functions such as a building for commercial and residential operations.
- Status
- open
- Administrator
- New Mexico Energy, Minerals and Natural Resources Department (EMNRD) / New Mexico Finance Authority (NMFA)
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.