Summer
is the perfect time to improve energy efficiency for next
winter
Our
Green Loan Program Brochure
FAQs
about our Green Loan Program
Visit
our Green Loans page
May 2008
The Genesis Fund
seeks to help Maine's nonprofit organizations battle the rising
cost of energy. Many properties owned by nonprofits were built
or remodeled at a time when energy efficiency was not the
high priority it is today.
By assisting nonprofits in obtaining energy audits that provide
detailed renovation recommendations, cost-savings projections
and capital to finance the renovations, the Genesis Fund will
help nonprofit organizations
- increase energy efficiency
- save money on annual operating costs
- improve their facilities
- reduce their carbon footprint
Maine nonprofits that provide affordable, supportive, elderly
housing or own facilities that provide social services for
under-served people and communities are eligible.
According to Bill Floyd, executive director of the Genesis
Fund, "We expect most of the energy loans to be in the
$10,000 to $15,000 range. By stream-lining the application
and approval process and offering below-market rates, the
Genesis Fund will help Maine nonprofits achieve money-saving
efficiencies in their buildings before we enter the next heating
season, especially with the volatile nature of fuel oil and
electricity pricing."
Floyd went on to say, "This summer is a great time for
nonprofits to be looking at how a green loan can help with
an organization's bottom line, increase efficiency and reduce
its carbon footprint all at the same time."
For more information about the Genesis Fund's Green Loans
for Nonprofits program, please contact Bill
Floyd at 207.563.6073.
Other programs available for residential and small
business energy efficiency loans:
For elderly and
very low income families, the
USDA Rural Development in Maine offers a 1% loan
program that will assist in repair
and rehabilitation for individual households.
For more information and eligibility
guidelines please click here.
Efficiency Maine, a program of the Maine
Public Utilities Commission, has energy
saving tips and programs for residential and
small businesses/nonprofits. More here.
