The purpose of the Program is to provide financial assistance in the form of low interest and zero interest loans to nonprofit organizations, local jurisdictions, State agencies, and eligible businesses for projects in order to:

(1) promote energy conservation;

(2) reduce consumption of fossil fuels;

(3) improve energy efficiency;

(4) enhance energy-related economic development and stability in the nonprofit, commercial, and industrial sectors; and

(5) reduce greenhouse gas emissions.