Permits small businesses to qualify for loans from EDA for costs of energy audit and making energy efficiency or conservation improvements.

This bill establishes a New Jersey Economic Development Authority (EDA) program offering low-interest loans to eligible small businesses. It covers 100% of costs for energy audits (conducted by licensed contractors) and installing energy efficiency or conservation equipment at their buildings. Loans are capped at 10 years with interest rates not exceeding 3% or half the prime rate, and are available to independently owned businesses operating primarily in New Jersey. The program directly affects small businesses seeking to reduce energy use through certified improvements.