Agency: Department of Energy – Energy Efficiency and Renewable Energy
Description:
For capitalization grants to States to establish a revolving loan fund under which the State may provide loans to businesses for commercial energy audits, loans to homeowners for residential energy audits, loans to carry out upgrades or retrofits of building infrastructure and systems, and grants or technical assistance to small businesses and low-income homeowners to carry out energy audits, upgrades, or retrofits.
Bill Section:
40502
New or Existing:
New
Potential Cost:
$250,000,000
Timeline:
Appropriated in FY22, to remain available until expended
TCS Notes:
40% of funds are allocated according to the State Energy Program formula program under section 420.11 of title 10 of the Code of Federal Regulations and 60% of funds are allocated as supplemental capitalization grants to priority States in accordance with an allocation formula determined by the Secretary.