Opportunity Information: Apply for DE FOA 0002716

The U.S. Department of Energy (DOE), through its Office of Energy Efficiency and Renewable Energy (EERE) and the Golden Field Office, issued this Request for Information (RFI) to gather practical input on how to design revolving loan fund (RLF) programs that are equitable, financially sustainable over time, and effective at expanding access to energy efficiency financing. The central purpose is not to award money or fund projects directly, but to collect ideas, lessons learned, and best practices that DOE can translate into clear program guidance for states (and potentially other entities) that are building, running, or improving RLFs focused on energy efficiency.

The RFI is tied to major federal investment created by the Infrastructure Investment and Jobs Act (IIJA, Public Law 117-58), signed on November 15, 2021. Under Section 40502 (42 U.S.C. 18792), the IIJA set aside $250 million for DOE to provide capitalization grants to states to implement energy efficiency revolving loan fund capitalization grant programs. In plain terms, these capitalization grants are meant to seed or expand state-run loan funds that can then recycle repayments into new loans, creating a long-term financing tool rather than a one-time grant program. The statute also allows these state programs to support certain grant activities, including grants for commercial and residential energy audits, along with loans (and potentially other support, within statutory boundaries) for energy upgrades and retrofits.

A key point DOE emphasizes is flexibility: IIJA Section 40502 gives states room to tailor RLF structures to their local markets, policy goals, and administrative capabilities, while still operating within the limits established by the law and any requirements set by the Secretary of Energy. DOE is explicitly using this RFI to understand which program features work best in real-world conditions, including strategies that broaden participation beyond traditional borrowers and help underserved communities access high-quality energy efficiency products and services. Another major theme is leveraging private capital. DOE is looking for approaches that do not rely solely on public dollars, but instead use public funding as a catalyst to attract lenders and investors, scale financing availability, and make energy efficiency lending more mainstream and durable.

The opportunity also recognizes that many states already have experience with revolving loan funds, including programs launched or strengthened using American Recovery and Reinvestment Act (ARRA) funding from 2009 (Public Law No. 111-5). DOE frames the IIJA funding as a chance both to start new RLFs in states that do not currently have them and to upgrade existing RLFs by diversifying products, improving administration, and reaching a broader range of borrowers and building types. In other words, DOE is seeking feedback not only on how to launch an RLF from scratch, but also on how to modernize programs that already exist so they deliver better results, reach more people, and remain financially healthy over many lending cycles.

Administratively, this is listed as a discretionary opportunity under Funding Opportunity Number DE-FOA-0002716, with activity category Energy and CFDA number 81.041. Eligibility is described as unrestricted for purposes of responding to the RFI (open to any entity type, subject to any clarifications in the full RFI text), which signals DOE wanted broad input from state energy offices, green banks, community lenders, utilities, local governments, nonprofit implementers, private financial institutions, technical assistance providers, and other stakeholders with relevant experience. Submissions were required to be emailed electronically to EERevolvingLoanFund@ee.doe.gov by 11:59 pm Eastern Time on May 6, 2022.

Finally, DOE is clear about what this RFI is and is not. It is not a solicitation for applications, and it is not offering financial assistance or incentives through this notice. DOE will not pay respondents for the information they submit, and no projects will be supported as a direct result of responding. DOE may or may not issue a future Funding Opportunity Announcement (FOA) after reviewing the feedback, meaning the RFI is an information-gathering step intended to shape later guidance and possible future funding structures. For additional background, DOE points readers to its revolving loan fund overview page and the full RFI text posted on EERE Exchange.

  • The Department of Energy, Golden Field Office in the energy sector is offering a public funding opportunity titled "Request for Information (RFI): Designing Equitable, Sustainable, and Effective Revolving Loan Fund Programs" and is now available to receive applicants.
  • Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 81.041.
  • This funding opportunity was created on Mar 31, 2022.
  • Applicants must submit their applications by May 06, 2022. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
  • Each selected applicant is eligible to receive up to $2.00 in funding.
  • Eligible applicants include: Unrestricted (i.e., open to any type of entity above), subject to any clarification in text field entitled Additional Information on Eligibility.
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