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Last Updated January 2, 2019

Program Overview

Category:

Financial Incentive

State:

New Hampshire

Incentive Type:

Loan Program

Administrator:

New Hampshire Electric Co-op

Start Date:

N/A

Expiration Date:

N/A

Web Site:

Applicable Sectors:

Commercial, Local Government

Eligible Renewable/Other Technologies:

Lighting, Lighting Controls/Sensors, Compressed air, Motors, Motor VFDs, Custom/Others pending approval

Summary

New Hampshire Electric Co-op's SmartSTART (Savings Through Affordable Retrofit Technologies) Program is a no-money-down option to have energy efficient products installed in a business or municipality. The cost of the improvements is repaid over time, using the savings generated by the products themselves. For instance, if a member installs energy efficient products worth $500 and those products save the customer $50 per month, the customer will pay for the product in monthly payments on electric bills equal to one quarter of the savings, or $37.50 per month. Customers still realize overall savings on electric bills while paying for energy efficiency improvements that will save money for years to come. If the customer moves and the installed products stay, the obligation to pay for them ends. The next occupant will "pay as they save." The SmartSTART program can be used for weatherization measures such as air sealing and insulation, lighting and lighting controls, HVAC, Motors, VFD’s, Controls, Compressed Air, and other efficiency measures verified by the co-op.