In this part the following words have the meanings indicated. “Borrower” means a nonprofit organization that applies and qualifies for a loan under the Program. “Fund” means the Green and Renewable Energy Efficiency for Nonprofits Loan Fund. “Nonprofit organization” means an organization that is exempt from federal income tax under § 501(c)(3) of the Internal Revenue Code. “Program” means the Green and Renewable Energy Efficiency for Nonprofits Loan Program. “Qualifying energy system” means a system that: generates electricity or usable thermal energy that is used to meet on–site demand; and assists the State in meeting the environmental and greenhouse gas reduction goals under Title 2, Subtitle 12 of the Environment Article.