DOE Announces $250 Million in Funding for Energy Efficiency Upgrades & Retrofits of Commercial Buildings

November 16, 2022

On Tuesday, November 15, 2022, the U.S. Department of Energy (DOE) announced that it will begin accepting applications from states for $250 million in funding for energy efficiency upgrades and retrofits of commercial buildings. States may apply to DOE for seed money to start their own energy efficiency revolving loan fund that can be used to fund energy efficient upgrades or retrofits in the state. If a state already has an energy efficient revolving loan fund, this money can be used to bolster existing programs. Once state programs are set up, these monies will ultimately provide low or no cost funding to potential customers of MCAA members seeking to make energy efficient upgrades to their facilities. 

The recent bipartisan infrastructure law created the Energy Efficiency Revolving Loan Fund Capitalization Grant Program, a program that provides seed money to states to establish or bolster revolving loan funds that promote energy efficiency. A revolving loan fund is an “evergreen” source of funding, meaning money received from repaid loans is continuously recycled as loans for new projects. State revolving loan funds under this program will be used to fund energy savings performance contracting, partnerships with local governments for energy efficiency improvements, and school and public building retrofit programs, among other activities. 

For information about whether your state plans to apply for funding and how they plan to allocate the money they receive, contact your state energy office, which you can find through this link. More detailed information about the program generally is available here

Please do not hesitate to reach out to Vince Sarubbi, MCAA’s Director of Government Relations, with any questions at 301-990-2219.

Related Articles
Registration for this year’s Pre-IPM classes is open! These introductory-level project management programs begin the week of May 20th, and space is limited. If you have Assistant Project Managers, Project Engineers, new hires, or people transitioning to the office from the field or Estimating, this online course is for them!…
Technology is changing every day, but the need to secure company data remains constant. MCAA’s Things and Must Do’s to Protect/Secure Your Company’s Data reviews the basic steps contractors should take to keep intruders out and company data secure. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.…
MCAA President Robert Beck joined Frank Favaro for The People Business podcast on February 22, 2024. Listen as he delves into the significance of continually forging and solidifying relationships. He sheds light on the power of influence and its role in serving the greater good for everyone involved. Amid the earnest conversation, Robert also highlights the importance of infusing fun into all aspects of the day.…
MCAA’s Virtual Trade Show connects our contractor members with the members of MCAA’s Manufacturer/Supplier Council.…
Load More...