New Mexico is stepping up its commitment to energy efficiency! The state's Energy Minerals and Natural Resources Division has secured $5.3 million from the U.S. Department of Energy to establish an Energy Efficiency Revolving Loan Fund.

This fund offers low-interest loans (2% fixed rate, $250,000-$1 million) for crucial energy efficiency upgrades like smart thermostats, HVAC, insulation, and lighting. Solar and electric panel upgrades are also eligible as part of comprehensive projects. The program targets private nonprofit and for-profit entities with buildings benefiting the public, such as healthcare and educational facilities.

This initiative will help reduce utility bills, decrease building emissions, boost New Mexico's economy, and protect our environment. It's a significant step towards a sustainable future for our state!

Learn more about this exciting development here. Original coverage by Beth Anton at Renewable Energy Magazine.