U.S. Dept. of Energy Releases Clean Energy Financing Guide for Local Leaders
Last week, the U.S. Department of Energy (DOE) released a comprehensive guide of the various federal financing programs for state and local government energy efficiency and clean energy projects. The federal finance tools and programs highlighted in the guide can accelerate local government clean energy investments in ways that strengthen the economy, create jobs and yield cost and energy savings for municipalities, businesses and families.
This resource is intended for local government leaders from urban and rural communities. A Guide to Federal Finance Facilities Available for Energy Efficiency Upgrades and Clean Energy Deployment is organized by market segment (single and multi- family-housing, commercial buildings, infrastructure projects), and also includes a table that presents each type of finance tool and program along with the federal agency that administers the program. For every finance opportunity listed, the guide identifies a single point of contact that can answer questions and provide additional direction.
Building off of President Obama’s recently announced Climate Action Plan, which calls for, among other things, federal agencies to work closely with states and municipalities to reduce barriers to investment in energy efficiency and renewable energy, the guide is a cooperative effort among seven federal agencies.
While the guide does not include various tax credits and state-specific incentives for investment in building upgrades and renewable energy projects, DOE sponsors an online guide that covers multiple agencies and specific programs in all 50 states.