KCC awarded funding for Energy Efficiency Revolving Loan Grants
The Kansas Corporation Commission (KCC) has received notice of award from the Department of Energy (DOE) on KCC’s Energy Efficiency Revolving Loan Fund (EERLF) application in response to Section 40502 of the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL).
The award, totaling $6,706,230, will provide loans and grants for energy efficiency audits, upgrades, and retrofits to increase energy efficiency and improve the comfort of buildings. No matching funds are required.
The KCC will support this Program through the establishment of a new revolving loan fund program working with local federal and state chartered banks, credit unions, and community development financial institutions certified by the U.S. Department of Treasury CDFI Fund. With the KCC participating in the loans, it will reduce the interest rate for eligible borrowers and reduce the risk for lenders.
Eligible borrowers are building owners of small businesses (fewer than 500 employees), agricultural producers, nonprofits, municipal and county governments, colleges and universities in Kansas, and state agency buildings. Many publicly owned facilities in Kansas’ rural, underserved or disadvantaged communities are aging and inefficient, incurring high costs for energy and maintenance. Loans will be prioritized to entities in those locations.
Applications for lenders and energy audit subsidies are now being accepted. Links to more information and application guidance appear below.
Application Resources: