Energy loan fund gets $30M
Efficiency Maine is receiving $30 million in federal funding to launch a revolving loan fund to finance energy upgrades.
The money from the Department of Energy's Retrofit Ramp-Up initiative will support a statewide loan fund that will offer municipalities and nonprofit organizations a low-cost way to finance energy-efficient building retrofits, according to a press release from Sens. Susan Collins and Olympia Snowe's offices. The Maine Home Performance Fund will subsidize retrofits for homes and businesses for the first three years of the program.
Applicants for the national Retrofit Ramp-Up program sought a total of $3.5 billion nationwide, and Maine's $30 million is part of $450 million doled out. The retrofitting initiative is part of the DOE's Energy Efficiency and Conservation Block Grant program, funded by the federal stimulus bill.
Most Recent
Most Recent
Comments