U.S. Department of Energy: Seeking Input on Revolving Loan Fund Programs

The U.S. Department of Energy is looking for innovative practices in designing equitable and sustainable revolving loan funds (RLFs) to enhance energy efficiency financing. This initiative, in response to the Infrastructure Investment and Jobs Act, aims to allocate $250 million to help states establish RLFs for energy audits, upgrades, and retrofits. Stakeholders can share their insights by submitting responses to this Request for Information (RFI) by May 6, 2022. While this RFI does not offer financial support, it seeks to gather valuable input to potentially shape future Funding Opportunity Announcements (FOAs) that support the development of effective RLF programs.

Opportunity ID: 339053

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General Information

Document Type::	Grants Notice
Funding Opportunity Number::	DE-FOA-0002716
Funding Opportunity Title::	Request for Information (RFI): Designing Equitable, Sustainable, and Effective Revolving Loan Fund Programs
Opportunity Category::	Discretionary
Opportunity Category Explanation::
Funding Instrument Type::
Category of Funding Activity::	Energy
Category Explanation::
Expected Number of Awards::	0
Assistance Listings Number(s)::	81.041 — State Energy Program
Cost Sharing or Matching Requirement::	No
Version::	Synopsis 1
Posted Date::	Mar 31, 2022
Last Updated Date::	Mar 31, 2022
Original Closing Date for Applications::	May 06, 2022
Current Closing Date for Applications::	May 06, 2022
Archive Date::	Jun 05, 2022
Estimated Total Program Funding::	$ 0
Award Ceiling::	$2
Award Floor::	$1

Eligibility

Eligible Applicants::	Unrestricted (i.e., open to any type of entity above), subject to any clarification in text field entitled “Additional Information on Eligibility”
Additional Information on Eligibility::

Additional Information

Agency Name::	Golden Field Office
Description::	Request for Information (RFI): Designing Equitable, Sustainable, and Effective Revolving Loan Fund Programs. This request for information is intended to inform the U.S. Department of Energy (DOE) on promising, innovative, and best practices for designing revolving loan funds (RLFs). DOE is seeking to create program guidance that will assist States, as well as potentially other entities, in designing, managing, and improving RLFs. The goal is to collect information that will ultimately support creation of RLFs that effectively serve a wide array of borrowers with beneficial energy efficiency products and services and enable private sector capital to scale access to energy efficiency financing. On November 15, 2021, President Joseph R. Biden, Jr. signed the Infrastructure Investment and Jobs Act (IIJA; Public Law 117-58), which appropriated $250 million to DOE to make funds available to States to implement energy efficiency revolving loan fund capitalization grant programs (Sec. 40502, or 42 U.S.C. 18792). These capitalization grants enable States to establish a RLF to provide loans and provide grants for commercial and residential energy audits, energy upgrades, and retrofits among other activities. Many States have experience running RLFs, such as through use of funds made available from the American Recovery and Reinvestment Act of 2009 (Public Law No. 111-5). The IIJA offers a new opportunity to support establishment of new RLFs where they do not currently exist, or to augment and diversify offerings of existing RLFs. Section 40502 of the IIJA offers States flexibility in designing and implementing these RLFs, within limits set by the statute and the Secretary of Energy. More information about RLFs can be found here: https://www.energy.gov/eere/slsc/revolving-loan-funds Responses to this RFI must be submitted electronically to EERevolvingLoanFund@ee.doe.gov no later than 11:59 pm (ET) on May 6, 2022. This is a Request for Information (RFI) only. EERE will not pay for information provided under this RFI and no project will be supported as a result of this RFI. This RFI is not accepting applications for financial assistance or financial incentives. EERE may or may not issue a Funding Opportunity Announcement (FOA) based on consideration of the input received from this RFI. Please see full text of the RFI DE–FOA-0002716 at HTTPS://EERE-EXCHANGE.ENERGY.GOV
Link to Additional Information::
Grantor Contact Information::	If you have difficulty accessing the full announcement electronically, please contact:

Version History

Version	Modification Description	Updated Date
Synopsis 1		Mar 31, 2022

Package Status

Package No: 1