Energy Efficiency Revolving Loan Fund Capitalization Grant Program
Stored: Energy Efficiency Revolving Loan Fund Capitalization Grant Program
| Type | Program |
|---|---|
| Sponsor Organization | Office of State and Community Energy Programs |
| Top Organization | Department of Energy |
| Creation Legislation | Bipartisan Infrastructure Law |
| Website | Website |
| Purpose | Grants help states create revolving loan funds for energy efficiency projects, cutting consumption, costs, and emissions while promoting sustainable funding nationwide. |
| Program Start | 2022 |
| Initial Funding | $250 million[1] |
| Duration | Indefinite |
| Historic | No |
Energy Efficiency Revolving Loan Fund Capitalization Grant Program (RLF Program) aims to support states in setting up or enhancing revolving loan funds dedicated to energy efficiency projects. By leveraging these funds, the program seeks to decrease energy use, reduce costs for building owners, and lower greenhouse gas emissions while creating a self-sustaining mechanism for funding future energy efficiency initiatives.[2]
Goals
- Establish a sustainable funding mechanism for energy efficiency projects.[3]
- Reduce energy consumption and greenhouse gas emissions across various sectors.
- Support job creation and economic growth through energy efficiency improvements.
Organization
The RLF Program is managed by the Office of State and Community Energy Programs (SCEP) within the U.S. Department of Energy. It operates through grants to states, which then manage the revolving loan funds. Leadership includes program managers who oversee the allocation, compliance, and impact of these funds.
The leader of the program holds the title/position of **Director, Office of State and Community Energy Programs**.
Partners
- No specific partnerships are listed, but the program involves collaboration with state energy offices.
History
Authorized by the **Bipartisan Infrastructure Law** in 2021, the RLF Program was initiated to address the need for ongoing financial support for energy efficiency. It builds on previous DOE programs but introduces a revolving fund model to ensure long-term sustainability. Key historical moments include the first round of funding allocations in 2022 and subsequent awards, emphasizing the program's role in climate action and economic development.
Funding
The program was initially funded with $250 million to capitalize grants to states.[4] This funding enables states to create or expand their revolving loan funds, with the expectation of leveraging additional private capital.
Implementation
Implementation involves:
- Grant allocations to states based on competitive applications.
- States use grants to establish or enhance revolving loan funds for energy efficiency projects.
- Monitoring and reporting on fund performance and project impacts.
The program is designed to be ongoing, with no specific end date, as it aims to create self-sustaining funding cycles.
Related
External links
- https://www.energy.gov/scep/energy-efficiency-revolving-loan-fund-capitalization-grant-program
- wikipedia:Energy Efficiency Revolving Loan Fund Capitalization Grant Program
Social media
- No specific social media accounts for this program; follow the Department of Energy for updates.
References
- ↑ "Energy Efficiency Revolving Loan Fund Capitalization Grant Program". https://www.energy.gov/scep/energy-efficiency-revolving-loan-fund-capitalization-grant-program. Retrieved January 30, 2025.
- ↑ "Energy Efficiency Revolving Loan Fund Capitalization Grant Program". https://www.energy.gov/scep/energy-efficiency-revolving-loan-fund-capitalization-grant-program. Retrieved January 30, 2025.
- ↑ "Energy Efficiency Revolving Loan Fund Capitalization Grant Program". https://www.energy.gov/scep/energy-efficiency-revolving-loan-fund-capitalization-grant-program. Retrieved January 30, 2025.
- ↑ "Energy Efficiency Revolving Loan Fund Capitalization Grant Program". https://www.energy.gov/scep/energy-efficiency-revolving-loan-fund-capitalization-grant-program. Retrieved January 30, 2025.