Request for Information
Energy Efficiency Revolving Loan Fund program design
Background
The Energy Efficiency Revolving Loan Fund program intends to provide access to capital in the form of loans to homeowners from communities with high-energy burdens and/or environmental health risks. Funding for this revolving loan program will be made available for low- to moderate-income borrowers to finance projects, updates, and retrofits related to the installation of proven energy efficiency and renewable energy technologies.
Washington expects to receive an allocation for this program from the U.S. Department of Energy, and will make $1,676,340 available for residential loans. This funding is provided under the Infrastructure Investment and Jobs Act (IIJA), otherwise known as the Bipartisan Infrastructure Law (BIL).
The Washington Department of Commerce will be opening a solicitation this fall to identify one or more lending partners to administer the home loans.
About this RFI
Responses to a short, online RFI will help us consider key program design elements, including but not limited to:
- How to design the program to maximize potential benefits to overburdened communities and vulnerable populations
- How to communicate the benefits of energy efficiency home upgrades to homeowners
- What kind of barriers potential applicants might foresee to planning the upgrades or completing applications
We will review submissions and use the feedback to inform the program design of the upcoming solicitation for lending institution partners.? We may contact respondents to ask clarifying questions as needed.
The RFI form should take no more than 10-15 minutes to complete.? We encourage you to submit your responses as soon as possible.? Responding to this RFI is not a requirement to apply to the forthcoming Energy Efficiency Revolving Loan Fund solicitation.
Deadline
Responses are due by 5 p.m. Thursday, Sept. 28, 2023.
Questions?
Please contact Kristen [email protected].
Download RFI (PDF)
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