Legal Approvals for Residential Clean Energy Programs
Clean energy programs using Energy Efficiency and Conservation Block Grant (EECBG) Program or State Energy Program (SEP) funds must comply with statutory law and will require careful attention to ensure compliance with those laws. However, every effort is being made to streamline the compliance procedures so that funds can be committed and expended, energy efficiency and renewable energy projects can be put in place, and green jobs can be created and maintained.
Learn more about a few of the more widely known EECBG and SEP requirements under the following types of laws:
Other determinations regarding the use of funds in an loan loss reserve fund (LRF) and clean energy lending program are included in U.S. Department of Energy Guidance on Loan Loss Reserve Funds. There, grantees can find information on, for example, the definition of “spent” for use of EECBG funds as credit enhancement, the LRF budget and use of grant funds for program development and administration costs, interest earnings on loan loss reserve funds, the use of quarterly reports instead of monthly reporting, and the disposition of the reserve fund at end of the LRF Agreement.