Energy Efficiency Revolving Loan Fund
New Mexico Businesses
Do you want to reduce your utility bills/expenses for buildings you own or operate? Improve your building’s performance? Reduce your building’s emissions and operating expenses? Help your community become more resilient?
The New Mexico Energy Minerals and Natural Resources Division (EMNRD) has received over $5 million in funding from the U.S. Department of Energy to create a loan program to offer low-cost loans to eligible commercial entities for energy efficiency upgrades. NMFA is partnering with EMNRD on the administration of the program.
For detailed information on the program, FAQs, an interest form, and how to apply, please visit the Energy Efficiency Revolving Loan Fund page of EMNRD’s website.
Questions? Email the Energy and Conservation Management Division at emnrd.ecmd@emnrd.nm.gov.
Who is eligible to apply?
Eligible entities include private nonprofit and for-profit New Mexico businesses with buildings that are used for a public or community benefit, for example health care, educational, recreational, cultural, or other facilities benefiting the local community. For more information on eligibility, visit the Energy Efficiency Revolving Loan Fund at the NM EMNRD website.
How can loan funds be used?
Loan funds may be used for energy efficiency audit costs, upgrades and retrofits that improve overall energy consumption. For example, smart thermostats, heating, ventilation and air conditioning (HVAC), windows and doors, insulation, heating systems, air sealing, lighting and building envelope upgrades and relevant, targeted roof repairs. Solar and electric panels are not eligible uses on a standalone basis but are eligible as part of a comprehensive energy efficiency upgrade. For more information on the use of loan funds, visit the Energy Efficiency Revolving Loan Fund at the NM EMNRD website.
What are the loan amount, interest rate, and loan term?
General loan information:
- Loans may be for amounts between $250,000 and $1,000,000.
- Loan terms cannot exceed the useful life of the project or 15 years.
- Loans are offered at a fixed interest rate of 2%
For more detailed information on the program, visit the Energy Efficiency Revolving Loan Fund at the NM EMNRD website.
For answers to specific questions related to the loan terms or underwriting, please contact NMFA at business@nmfa.net.
Where can I find more information?
For detailed information on the program, Frequently Asked Questions, an interest form, and information on how to apply, please visit the Energy Efficiency Revolving Loan Fund at the NM EMNRD website.
How do I apply?
Visit the Energy Efficiency Revolving Loan Fund at the NM EMNRD website for information on how to apply and to access the EERLF Interest Form Application.