Energy Efficiency Revolving Loan Fund Capitalization Grant Program (State Energy Program)
Office of Energy Efficiency & Renewable Energy (EERE)
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.
Many of the programs funded through this program (namely, energy audits) are essential to ensure that retrofits are needed and that retrofits are effective.
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.
$250,000,000 in funding available until expended.