Qualified Energy Conservation Bonds (QECB)
Qualified Energy Conservation Bonds, a type of tax credit bond, may be used by governments and the private sector to finance energy conservation projects. QECBs were first authorized by Congress in October 2008. ARRA increased the QECB volume cap to $3.2 billion, which increased Nevada’s allocation to $26.98 million in QECB issuing authority. QECB allocations, which are determined based on population may be issued for the following types of projects:
- Capital expenditures incurred for purposes of
- Reducing energy consumption in publicly owned buildings by at least 20 percent.
- Implementing green community programs.
- Rural development involving the production of electricity from renewable energy resources.
- Expenditures with respect to research facilities and research grants to support research in
- Development of non-fossil fuels.
- Carbon sequestration.
- Increasing the efficiency in technologies that produces non-fossil fuels.
- Automobile battery technologies.
- Technologies to reduce energy use in buildings.
- Mass commuting facilities (such as park ‘n’ rides and transit centers)
- Demonstration projects for
- Green building technology.
- Conversion of agricultural waste to bio-fuel
- Advanced battery manufacturing.
- Technologies to reduce peak use of electricity.
- Carbon capture and sequestration technology.
- Public education campaigns to promote energy efficiency.