The Efficient Buildings Fund (EBF) is a revolving loan fund. These low-interest rate loans are given to governmental entities for energy efficiency and renewable energy projects where the annual energy savings achieved by the project exceeds the annual debt service. RIEBF is administered jointly by the Rhode Island Infrastructure Bank (RIIB) and the Office of Energy Resources.
Congratulations to the five municipalities and one school district that have borrowed funds for energy efficiency and renewable energy projects!
To apply, applicants must complete an application along with an energy audit of the facility(ies) (see application documents below). National Grid will work with potential applicants to schedule and conduct energy audits. The University of Rhode Island (URI) Energy Team will provide technical assistance as needed. You can request an audit by completing this online form.
All applications will be scored and ranked on a public Project Priority List, with the top scoring applicants being prioritized to receive available funding.
Borrowers are required to report energy use for at least five years following loan closing and have in place or develop an Energy Management Plan within six months of loan closing. The URI Energy Team will provide support for both requirements.
Applications for Round 5 are due April 13, 2018 by noon! Please join us for an informational session on EBF – logistics for this will be posted this winter. Slides from a previous information session are here. The full timeline for Round 5 is below:
|Round 5 Schedule||Timeline|
|Questions are due to the Office of Energy Resources||April 6 by noon|
| Applications are due to the Office of Energy Resources
||April 13 by noon|
|OER notifies applicants of application completeness
|Missing application components due to OER
||April 27 by noon|
|Project Priority List posted for public comment
|Public comment period ends||May 11|
| Project Priority List finalized and selected borrowers notified by RIIB