LPO Outlines State Energy Financing Institution (SEFI) Opportunities and How State Organizations Can Become SEFIs

With the recently updated Title 17 Clean Energy Financing program guidance (https://lnkd.in/gN2jDVbw) LPO has been fielding a lot of questions about “SEFI-Supported” projects, including what exactly is a “State Energy Financing Institution (SEFI)” and how can eligible state entities become SEFIs?

In addition to historically offering loans and loan guarantees primarily for innovative technologies, LPO can now also support deployment of commercial clean energy projects if eligible projects are backed by State Energy Financing Institutions (SEFIs). These projects are unique in that the Title 17 innovative technology requirement is waived for projects receiving financial support or credit enhancements from a SEFI. Examples of eligible projects include energy projects on multifamily or commercial portfolios, industrial decarbonization portfolios, affordable consumer financing for residential projects, and virtual power plants (VPPs).

Check out LPO’s latest blog entry to learn more, get a full overview of Title 17 SEFI-Supported projects at: Energy.gov/LPO/SEFI, and watch a recent NASEO – National Association of State Energy Officials-hosted webinar to learn from LPO leadership and state peers about how LPO’s new authority can benefit your state: https://lnkd.in/g_HRrJMW