NHEC has established a $200,000 revolving loan pool with funds provided from the Regional Greenhouse Gas Initiative Grant (RGGI).
Loan eligibility:
Loans for active residential members are interest free and subject to the following criteria:
$500 - $2,000, loan term under 2 years, no outside credit check, member must have excellent payment history with NHEC.
Over $2,000, over 2 year term, NHEC will perform outside credit check. Member must sign credit release form.
Loans to be used for eligible projects (co-pay) under the NH Home Performance with ENERGY STAR® Program for weatherization and heating system replacements.
The maximum loan will be $7,500 with a maximum term of seven years and there is no promise that the savings will be able to repay the loan during the repayment term
Amount (Minimum loan of $500)
Loan Repayment period
$500 up to $2,000
2 years
> $2,000 up to $3,000
3 years
> $3,000 up to $4,000
4 years
> $4,000 up to $5,000
5 years
> $5,000 up to $6,000
6 years
> $6,000 up to $7,500
7 years
Billing will be equal monthly payments on the electric bill.
Member cannot be disconnected on non-payment of loan.
Contract will remain with the member, not the site.
Balance of loan will need to be paid off if customer relocates to another site.
