The New Mexico Power, Minerals and Pure Assets Division introduced it’s accepting purposes for loans to finance energy-efficiency upgrades in industrial buildings that serve a neighborhood function. Photo voltaic and electrical panel upgrades are eligible for loans as a part of a complete vitality effectivity challenge plan.
EMNRD acquired $5.3 million from the U.S. Dept. of Power to create an Power Effectivity Revolving Mortgage Fund (EERLF), which provides low-interest loans starting from $250,000 to $1 million to eligible organizations throughout the state. Eligible organizations embody nonprofit and for-profit entities that personal or function industrial buildings that serve a public service, corresponding to training, recreation, healthcare or cultural companies.
“This mortgage fund is yet another means we’re supporting Gov. Lujan Grisham’s aim of boosting New Mexico’s financial system whereas additionally defending its atmosphere,” stated EMNRD Sec. Melanie Kenderdine. “These loans will make sure the recipients’ financial viability by decreasing the prices for constructing upgrades whereas concurrently lowering their carbon footprints.”
The EERLF provides loans at a hard and fast charge of two% to cowl vitality effectivity upgrades corresponding to sensible thermostats, new HVAC methods, insulation, air sealing, lighting and constructing envelope enhancements.
Candidates should display that greater than 50% of their income is earned in New Mexico or that greater than 50% of their companies are supplied within the state.
EMNRD’s Power Conservation and Administration Division (ECAM) is partnering with the New Mexico Finance Authority to manage this system.
candidates ought to full an RLF Interest Form or electronic mail ECAM workers at emnrd-ecam@emnrd.nm.gov. ECAM workers will contact candidates inside 48 hours of receiving an utility to debate their vitality effectivity challenge.
Information merchandise from EMNRD
