Bureau or Account: Energy Efficiency and Renewable Energy

Funding amount: $3,500,000,000

Period of Availability: Beginning Fiscal Year 2022 (to remain until expended)

Funding Mechanism: Formula Grant

New Program: No

Recipients: States, Tribes

Description: To increase the energy efficiency of dwellings owned or occupied by low-income persons, reduce their total residential energy expenditures, and improve their health and safety, especially low-income persons who are particularly vulnerable such as the elderly, the handicapped, and children.

Eligible Uses: Improvement of heating and cooling of dwellings by the installation of weatherization materials such as attic insulation, caulking, weather-stripping, furnace efficiency modifications, certain mechanical measures to heating and cooling systems, and replacement furnaces, boilers, and air-conditioners. Grantees may receive formula-based allocations and can perform weatherization retrofits with an average cost of up to $8,009 per dwelling unit in Fiscal Year 2022. Up to 10 percent of each grant may be spent by a Grantee and its subgrantees for administrative expenses (in the Formula Grants a Grantee may not use more than 5 percent of the total State grant for such purposes).

Next Milestone: Estimated first round of funds released date, 1^st quarter 2022