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New Generation Energy - Community Solar Lending Program (Rhode Island)
Incentive/Active false  +
Incentive/Amt 5,000 to 100,000  +
Incentive/ApplDsc Agricultural  + , Commercial  + , Industrial  + , Nonprofit  + , Schools  +
Incentive/ApplDscOther (any for-profit or non-profit enterprise)  +
Incentive/ContAddr 98 N. Washington St., Suite 305  +
Incentive/ContDept New Generation Energy  +
Incentive/ContDiv Community Lending Program  +
Incentive/ContEmail  +
Incentive/ContName Community Lending Officer  +
Incentive/ContPhone (617) 624-3688  +
Incentive/ContPlace Boston, Massachusetts  +
Incentive/ContWebsite  +
Incentive/ContZip 02114  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/FundSrc NGE's Renewable Energy Investment Note and Private Donations to NGE  +
Incentive/ImplSector Non-Profit  +
Incentive/InActDt March 28, 2012  +
Incentive/MaxInc 100,000  +
Incentive/Name New Generation Energy - Community Solar Lending Program  +
Incentive/ProgAdmin New Generation Energy  +
Incentive/StartDate May 2009  +
Incentive/StartDateString 05/2009  +
Incentive/Summary <b>2012 Update: This loan program is …
<b>2012 Update: This loan program is no longer available, the information provided is for reference only.</b> The Boston-based non-profit organization New Generation Energy offers low interest loans for the installation of solar electric and solar water heating systems via its Community Lending Program. The solar loans are available to companies (including sole-proprietorship) and non-profits in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), with an emphasis on those located in low and middle-income communities. The interest rate is currently 5.0%, although certain projects may be awarded grants and receive a lower interest rate. Only projects applying for loans are eligible for grants. The interest rate and terms are subject to change. Interested businesses and non-profits should work with solar distributors and/or installers to receive a price quote. After quotes have been received, they must submit a pre-application to the Community Lending Program. New Generation Energy staff will review the pre-application and will invite only qualified projects to complete a full application. A personal guarantee is normally required for loans. After a site visit, the final determination is made and loan terms are offered to the successful applicants. There are also loans available for the purchase of Energy Star kitchen appliances for organizations and business involved in food sales and service. Pre-applications available at New Generation Energy's web site.
lable at New Generation Energy's web site.  +
Incentive/TechDsc Photovoltaics + , Solar Water Heat +
Incentive/Terms Loans up to 1-10 years, rates vary from 0 to 5% (subject to change)  +
Incentive/Type Local Loan Program +
OpenEI/PageDescription New Generation Energy - Community Solar Lending Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Rhode Island  + , Local Loan Program  + , New Generation Energy  +
Place Rhode Island: Energy Resources +
Website  +
Categories Financial Incentive Programs , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
22:51:41, 12 February 2015  +
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