Rhode Island Efficient Buildings Fund (RIEBF)

The Efficient Buildings Fund (EBF) is a revolving loan fund. These low-interest rate loans are given to governmental entities for energy efficiency and renewable energy projects where the annual energy savings achieved by the project exceeds the annual debt service. RIEBF is administered jointly by the Rhode Island Infrastructure Bank (RIIB) and the Office of Energy Resources.

To apply, applicants must complete an application along with an energy audit of the facility(ies) (see application documents below). National Grid will work with potential applicants to schedule and conduct energy audits. 

All applications will be scored and ranked on a public Project Priority List, with the top scoring applicants being prioritized to receive available funding.

Borrowers are required to report energy use for at least five years following loan closing and have in place, or develop, an Energy Management Plan within six months of loan closing.

Congratulations to all the municipalities and school districts that have borrowed funds for energy efficiency and renewable energy projects! For great examples of how to take advantage of EBF funding you can read a short case study of Westerly’s success or of Pawtucket's success.

Current Funding Round Schedule and Application Documents

The full timeline for Round 12A is below. Due to remote working arrangements, interested applicants should submit applications to DOA.EffBuildFund@energy.ri.gov and Nathan.Cleveland@energy.ri.gov by the listed deadline rather than mailing hard copies as listed in the application.
 

Round 12A Schedule Timeline
Applications are due to the Office of Energy Resources (via email) Monday, December 6th by 5pm
Office of Energy Resources notifies applicants of completeness Wednesday, December 8th
Missing application components due to Office of Energy Resources Monday, December 13th
Project Priority List posted for public comment Friday, December 24th
Public comment period closes Friday, December 31st
Project Priority List finalized, and selected borrowers notified by Rhode Island Infrastructure Bank Wednesday, January 5th

Sample Energy Management Plans

Contact Info

Questions can be directed to Sydney Usatine at susatine@riib.org or Nathan Cleveland at Nathan.Cleveland@energy.ri.gov.