Bond program to release additional request for proposal for energy conservation projects

Staff Reports • Jul 24, 2014 at 7:00 PM

NASHVILLE – The Tennessee Department of Environment and Conservation’s Office of Energy Programs announced the release of the state’s Qualified Energy Conservation Bond Program’s second request for proposals, which will detail how local governments can submit proposals for low-interest bonds to finance qualified energy savings projects.

Qualified Energy Conservation Bonds were created by Congress in 2008 and expanded in 2009 by the American Recovery and Reinvestment Act. Tennessee’s total allocation for the program is approximately $64.7 million. More than $25.6 million has been or is currently scheduled to be issued for qualifying projects by jurisdictions automatically eligible under the federal legislation or through the initial RFP process.

Through the Second RFP process, the QECB program will make the remaining $39 million available for qualifying projects. Entities eligible to participate in the program include all local jurisdictions in Tennessee, with proposals due by Aug. 1. Local jurisdictions can issue the bonds on behalf of a private project, with conditions. The RFP will be available at tennessee.gov/environment/energy_qualified-energy-conservation-bonds.shtml.

“This program presents an opportunity for more communities across the state to take advantage of bonds that offer very attractive rates, in order to fund energy savings projects that both lower ongoing energy-related costs and benefit the environment,” said Environment and Conservation Commissioner Bob Martineau.

As part of its education and outreach efforts regarding QECBs, the Office of Energy Programs conducted a series of lunch and learn workshops, including an online webinar, across the State as part of the Tennessee Energy Education Initiative. Each of the workshops featured valuable information about the QECB Program, including presentations from bond experts and case studies from successful projects. Information from these workshops is also available through the Office of Energy Programs resource page at state.tn.us/environment/docs/energy/tn_energy_education_initiative_presentation_workshops.pdf.

Additional information on the QECB program, including questions regarding the proposal process, is available through TDEC’s Office of Energy Programs at 615-532-0238 or pete.westerholm@tn.gov. The Tennessee Energy Education Initiative and related events information is available at tnenergy.org.  

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