Energy Infrastructure Reinvestment program (EIR): The Most Important Clean Energy Policy You’ve Never Heard About

By November 16, 2022December 8th, 2022No Comments

Wednesday, December 14th from noon to 1 p.m.

Join ReImagine Appalachia and our guests with RMI to learn about new opportunities for energy communities through the Energy Infrastructure Reinvestment Program – including how your community, organization, or project can find resources to take advantage of this new program. 

The transition from coal to clean energy risks devastating communities historically reliant on the jobs and economic activity brought by investment and dependence on fossil fuels. 

This is where the EIR can help. The EIR was created as part of the Inflation Reduction Act. This new program will give the Department of Energy’s Loan Programs Office (LPO) new authority to provide economic opportunity for energy communities while accelerating the clean energy transition.

The EIR has $5 billion to reinvest in energy communities while reducing carbon emissions, it can provide financing for up to $250 billion in loans. This could provide qualified projects with low-cost loans to support the transition to cleaner energy, including the ability to refinance higher-cost debt and equity, saving ratepayers billions of dollars.

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