Federal - Federal Housing Authority - Energy Efficient Mortgage
Applicable Sectors: Residential,
Energy efficient mortgages (EEMs) can be used by homeowners to finance a variety of energy efficiency measures, including renewable energy technologies, in a new or existing home. The federal government supports these loans by insuring them through FHA or VA programs. This allows borrowers who might otherwise be denied loans to pursue energy efficient improvements, and it secures lenders against loan default and provides them with confidence in lending to customers whom they would usually deny.
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Federal - Internal Revenue Service - Clean Renewable Energy Bonds (CREBs)
Applicable Sectors: Government Agencies,
Tribal Governments,
The federal Energy Tax Incentive Act of 2005, under Title XIII of the federal Energy Policy Act of 2005 (EPAct 2005), established Clean Energy Renewable Bonds (CREBs) as a financing mechanism for public sector renewable energy projects. This legislation originally allocated $800 million of tax credit bonds to be issued between January 1, 2006, and December 31, 2007.
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Federal - U.S. Department of Agriculture - USDA Renewable Energy Systems and Energy Efficiency Improvements Program
Applicable Sectors: Agricultural,
Commercial,
Section 9006 of the 2002 federal Farm Security and Rural Investment Act of 2002 required the U.S. Department of Agriculture (USDA) to create a program to offer direct loans, loan guarantees, and grants to agricultural producers and rural small businesses to purchase renewable-energy systems and make energy-efficiency improvements. This program is known as the Renewable Energy Systems and Energy Efficiency Improvements Program. Funding in the amount of $23 million per year was appropriated for each fiscal year from FY 2003-2007.
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