Guidance on Energy Performance Contracts
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Summary
AI summary — grounded in the notice text
This HUD notice updates and supersedes prior guidance on Energy Performance Contracts (EPCs), explaining how public housing agencies can use energy/water conservation measures and EPC incentives (Frozen Rolling Base, Resident-Paid Utility, and Add-On Subsidy) to finance energy retrofits with utility cost savings. It clarifies EPC application, approval, funding source, and incentive rules, including a six-month expiration on HUD's EPC approval letters if financial closing is not completed, and updated reporting periods for Add-On Subsidy incentives. PHA staff should use this guidance to properly develop, submit, and manage EPCs and related incentive claims.
Key Quotes
Verbatim from the notice
“This Notice updates and supersedes Notice PIH 2011-36 and provides supplementary guidance on operating subsidy incentives to promote energy conservation with Energy Performance Contracts (EPCs).”
Verbatim from the notice
“HUD’s EPC Letter Approval will expire within six (6) months of approval if the PHA has not completed the financial closing for the EPC.”
Key Dates
- Published
- Aug 9, 2024
Programs
Supersession & Extension Chain
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