Solar & Battery Regulation & Incentive Programs

New Hampshire Electric Co-op - SmartSTART Energy Efficiency Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
New Hampshire
Eligible Storage Technologies:
Lighting, Lighting Controls/Sensors, Compressed air, Motors, Motor VFDs, Custom/Others pending approval, HVAC
Website:
https://www.nhec.com/smartstart-project-financing/
Maximum Loan:
up to $100,000
Loan Term:
up to 10 years
Interest Rate:
CFC Line of Credit Rate plus 50 basis points
Administrator:
New Hampshire Electric Co-op
Applicable Sectors:
Commercial, Local Government
Utility:
New Hampshire Elec Coop Inc
Last Updated:
01/02/2019

Eligibility Criteria

EligibilitySectorsTechnologies
max $100000.0000
Commercial
Local Government
Lighting
Lighting Controls/Sensors
Compressed air
Motors
Motor VFDs
Custom/Others pending approval

Summary

New Hampshire Electric Co-op's SmartSTART (Savings Through Affordable Retrofit Technologies) Program is a no-money-down option to have energy efficient products installed in a business or municipality. The cost of the improvements is repaid over time, using the savings generated by the products themselves. For instance, if a member installs energy efficient products worth $500 and those products save the customer $50 per month, the customer will pay for the product in monthly payments on electric bills equal to one quarter of the savings, or $37.50 per month. Customers still realize overall savings on electric bills while paying for energy efficiency improvements that will save money for years to come. If the customer moves and the installed products stay, the obligation to pay for them ends. The next occupant will "pay as they save." The SmartSTART program can be used for weatherization measures such as air sealing and insulation, lighting and lighting controls, HVAC, Motors, VFD’s, Controls, Compressed Air, and other efficiency measures verified by the co-op.