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What qualifies for this financing and how can the funds be used?
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- New construction of residential properties or nonprofit-owned facilities that are built to an Energy Star or LEED standard.
- Energy efficiency retrofits for residential properties or nonprofit owned facilities that achieve at least a 25% reduction in energy consumption. A strong preference is given to projects involving whole building evaluation and design.
- Energy efficient production equipment for manufacturers that achieve at least a 25% reduction in energy consumption.
- Renewable energy projects, such as:
- geothermal installationso solar PV installations
- solar daylighting systems
- solar water-heating systems
- solar space-heating systems
- small wind installations
- small hydro installations
- Distributed generation projects, such as:
- combined heat and power projects (co-generation)of fuel cell installations
- clean, efficient uninterruptible power systems
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What type of financing is offered?
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- construction financing
- term loans
- lease and energy performance financing
- pre-development loans
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What are the interest rates and repayments terms?
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Terms will vary depending on the use of funds.
- Construction financing —5% and up.
- Term loans — 5% and up. Maximum 15 year amortization.
- Lease and energy performance financing — 5 1/2% and up. Maximum 10 year amortization.
- Pre-development loans — low interest or structured as no interest with repayment plus some negotiated return paid at time of permanent financing or sale of units.
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Please note that these basic guidelines are subject to change. For more information or to apply for financing, contact Energy@TRFund.com |
