American Recovery and Reinvestment Act


The North Carolina Energy Office is responsible for administering energy related federal American Recovery and Reinvestment Act funds in North Carolina.  The N.C. Office of Economic Recovery and Investment oversees all Recovery Act spending in the state.  Programs administered by the N.C. Energy Office include:
 
State Energy Program: $75.9 million  All of the solicitations for programs funded with State Energy Program dollars have now closed. 

Energy Efficiency and Conservation Block Grants: $20.9 million in state-administered funds ($37.1 million directly designed local governments).  For the state portion, all funds have been obligated.

ENERGY STAR Appliance Replacement and Rebate Program: $8.8 million The program has fully obligated $8.8 million, resulting in the purchase of more than 62,000 appliances and generating more than $64 million in sales. North Carolina’s Energy Star Appliance Replacement and Rebate Program is one of the most successful in the country and is being held as a model for other states.

Energy Assurance: $1 million
  The Energy Assurance Program is a direct Recovery Act supported grant to the N.C. Energy Office to build the state's capacity to deal with energy emergencies, help rewrite the energy emergency action plan and plan for smart grid deployment.  Every two weeks, the program also produces the North Carolina Petro Price Monitor, which tracks gasoline, heating oil and propane prices throughout the state.

Qualified Energy Conservation Bond Rules In 2008, the United States Congress authorized Qualified Energy Conservation Bonds (QECBs) to finance a wide range of energy conservation facilities (described below) and allowed a maximum nationwide volume cap of $800 million. In February of 2009, through the American Recovery and Reinvestment Act (ARRA), Congress increased the cap to $3.2 billion, which was then to be allocated to each state based on population.

Eligible Project Types. QECBs are to be used to finance certain specified “qualified conservation purposes” as defined in 26 USC § 54D(f), IRS Notice 2009-29 and 26 U.S.C. § 54D(f); governments can finance such purposes through QECBs only if also permitted under North Carolina law. Download the rules.

Temporary Rules
QECB Overview Letter
Exhibit A
Exhibit B
Exhibit C
Exhibit D
Exhibit E

March 31, 2011 Recovery Funding Status Report

North Carolina Tax Reform Allocation Committee has proposed the following permanent rules to govern allocations made under this program.  The comment period, date for public hearing and other items are included in the Notice of Text form and the economic impact and other items are discussed in the Fiscal Note.

Proposed Permanent Rules
Notice of Text
Fiscal Note

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