Energy Efficiency Revolving Loan Fund
The Energy Efficiency Revolving Loan Fund from the New Mexico Finance Authority supports science-based energy efficiency upgrades in New Mexico’s commercial and community buildings.
Funder: New Mexico Finance Authority
Due Dates: Rolling (Applications accepted year-round)
Funding Amounts: $250,000–$1,000,000 per loan | Fixed 2% interest | Up to 15 years or project useful life
Summary: Low-interest loans for New Mexico businesses (nonprofit and for-profit) to finance energy efficiency upgrades in commercial/community buildings.
Key Information: Minimum 5% borrower contribution required; at least 40% of financing reserved for projects in disadvantaged communities.
Description
The Energy Efficiency Revolving Loan Fund (EERLF) provides low-interest loans to private nonprofit and for-profit businesses in New Mexico for energy efficiency improvements to commercial or community-serving buildings. Administered by the New Mexico Finance Authority (NMFA) in partnership with the Energy, Minerals and Natural Resources Division (EMNRD), this program aims to lower utility costs, improve building performance, reduce emissions, and support economic development and environmental sustainability across the state.
