Energy Efficiency Revolving Loan Fund Capitalization Grant Program (State Energy Program) - American Cities Climate Challenge

Energy Efficiency Revolving Loan Fund Capitalization Grant Program (State Energy Program)

Federal Agency

Sub-Department

Office of Energy Efficiency & Renewable Energy (EERE)

Purpose

To capitalize and establish a revolving loan fund under which states shall provide loans and grants supporting energy efficiency projects.

Applicant and/or Project Eligibility Requirements

40% of capitalization grants will be allocated, by formula, to states eligible for funding under the State Energy Program. 60% will be allocated to the 15 states with highest per-capita residential and commercial sector energy consumption or the highest annual per capita energy-related carbon emissions.

Decarbonization Considerations

Many of the programs funded through this program (namely, energy audits) are essential to ensure that retrofits are needed and that retrofits are effective.

Equity Considerations

A State that receives a capitalization grant may use up to 25% of funds to provide grants or technical assistance to eligible entities. Eligible entities include businesses with fewer than 500 employees and low-income owners of residential buildings.

Helpful Tips

N/A

Other Notes

$250,000,000 in funding available until expended.

Deadline (Announced or Anticipated)

Expected 4th quarter 2022

Funding Available

$250,000,000

Max Award Amount

$15,000,000

Expected Allocations

TBA

Average Award (Estimated)

TBA

Matching Funds

N/A

Go to Program Website
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