Last DSIRE Review: 05/08/2012
Program Overview:
| State: |
Federal |
| Incentive Type: |
Federal Loan Program |
| Eligible Efficiency Technologies: |
Unspecified Technologies |
| Eligible Renewable/Other Technologies: |
Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Hydroelectric, Geothermal Electric, Fuel Cells, Daylighting, Tidal Energy, Wave Energy, Ocean Thermal, Biodiesel, Fuel Cells using Renewable Fuels |
| Applicable Sectors: |
Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional, Any non-federal entity, Manufacturing Facilities |
| Amount: | Varies (program focuses on projects with total project costs over $25 million) |
| Maximum Incentive: | Not specified |
| Terms: | Full repayment is required over a period not to exceed the lesser of 30 years or 90% of the projected useful life of the physical asset to be financed |
| Web Site: |
http://www.lgprogram.energy.gov
|
Authority 1:
|
42 USC ยง 16511 et seq.
|
Authority 2:
|
10 CFR 609
|
Summary:
Section 1703 of Title XVII of the Energy Policy Act (EPAct) of 2005 created the Department of Energy's (DOE) Loan Guarantee Program. The program was reauthorized and revised by the American Recovery and Reinvestment Act (ARRA) of 2009 by adding Section 1705 to EPAct. The 1705 Program was retired in September 2011, and Loan Guarantees are no longer available under this authority. The DOE, however still has authority to issue Loan Guarantees under the old Section 1703 Program. See the website above for more information.
Section 1703 of Title XVII of the federal Energy Policy Act of 2005 (EPAct 2005) authorized the U.S. Department of Energy (DOE) to issue loan guarantees for projects that "avoid, reduce or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued." The loan guarantee program has been authorized to offer more than $10 billion in loan guarantees for energy efficiency, renewable energy and advanced transmission and distribution projects.
The DOE actively promotes projects in three categories: (1) manufacturing projects, (2) stand-alone projects, and (3) large-scale integration projects that may combine multiple eligible renewable energy, energy efficiency and transmission technologies in accordance with a staged development scheme. Under the original authorization, loan guarantees were intended to encourage early commercial use of new or significantly improved technologies in energy projects. The loan guarantee program generally does not support research and development projects.
The DOE periodically makes new solicitations available. Information about current and past solicitations can be found at the website above. |
