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.
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. 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.
Congratulations to all the municipalities and school districts that have borrowed funds for energy efficiency and renewable energy projects! For a great example of how to take advantage of EBF funding you can read a short case study of Westerly’s success.
TThe full timeline for Round 8 is below:
|Round 8 Schedule||Timeline|
|Deadline to request building energy audits||Friday, August 30|
|Notice of application period posted||Monday, September 23|
|Application Posted on Office of Energy Resources Website||Thursday, October 3|
|Questions are due to the Office of Energy Resources||Thursday, October 10|
|Applications are due to the Office of Energy Resources||Friday, October 18 by 5pm|
|Office of Energy Resources notifies applicants of completeness||Friday, October 28|
|Missing application components due to Office of Energy Resources||Tuesday, November 5|
|Project Priority List posted for public comment||Wednesday, November 13|
|Public comment period closes||Wednesday, November 20|
|Project Priority List finalized, and selected borrowers notified by Rhode Island Infrastructure Bank||Wednesday, November 27|