Qualified Energy Conservation Bonds (QECBs)
Type I - Capital expenditures incurred for purposes of:
- Reducing energy consumption in publicly owned buildings by at least 20%.
- Implementing green community programs.
- Rural development involving the production of electricity from renewable energy resources, or
- Any facility eligible for the production tax credit under Section 45 of the IRS code (New Clean Renewable Energy Bond (NCREB) projects)
Type II – Expenditures with respect to research facilities and research grants to support research in:
- Development of cellulosic ethanol or non-fossil fuels.
- Technologies for the capture and sequestration of carbon dioxide produced through the use of fossil fuels.
- Increasing the efficiency of existing technologies for producing non-fossil fuels.
- Automotive battery technologies and other technologies to reduce fossil fuel, consumption in transportation, or
- Technologies to reduce energy use in buildings.
- Mass commuting facilities and related facilities that reduce the consumption of energy, including expenditures to reduce pollution from vehicles used for mass commuting.
Type IV- Demonstration projects designed to promote commercialization of:
- Green building technology
- Conversion of agricultural waste for use in the production of fuel or otherwise
- Advanced battery manufacturing technologies
- Technologies to reduce peak use of electricity, or
- Technologies for the capture and sequestration of carbon dioxide emitted from combusting fossil fuels in order to produce electricity.
- Public education campaigns to promote energy efficiency (other than movies, concerts, and other events held primarily for entertainment purposes).
These can be used for a broad array of “green” expenditures including the implementation of green community programs, grants to support research in emerging energy technologies, rail and bus facilities, public education programs, energy efficiency, renewable energy facilities, and demonstration projects for emerging energy technologies. Also includes NCREB eligible projects.
Federal Davis-Bacon prevailing wage rules apply.