EPC has been working with the National Association of State Energy Officials and the Department of Energy to provide information on QECBs, track issuances and provide technical assistance to issuers. In 2009, Congress allocated $3.2 billion for states, large local governments and tribal governments to issue qualified energy conservation bonds to finance renewable energy and energy efficiency projects. The total allocation was divided amongst the state, local and tribal issuers according to population. The states in turn sub-allocate a portion of this authority to large local governments and municipalities (population 100,000 or more). These counties or municipalities may waive their allocations and return them to the states.
The issuer sells taxable QECBs to investors, and the bond proceeds are used to fund a qualified project. For more information on QECBs, please see our QECB memo. It provides background information on how QECBs work, types and examples of eligible projects, an updated list of all QECB issuances made to date, and informative tables and graphs on QECBs.
QECB Paper
August 2016 Update with tables updated as of May 2017.
For additional information on QECBs, please contact:
Elizabeth Bellis
718-596-5700
ebellis@energyprograms.org
Susan Rosenthal
718-596-5700
srosenthal@energyprograms.org