Efficient Buildings Fund

Program Overview

The Efficient Buildings Fund (EBF) makes attractive, long-term financing available to municipalities and quasi-public agencies for the completion of energy efficiency and renewable energy projects.

How It Works

  • Projects eligible for Efficient Buildings Fund financing include measures that will conserve energy or produce clean energy
  • Loans are cashflow positive. Loans may be as short as one year or as long as the asset’s useful life. Interest can be capitalized during the construction period
  • Interest is subsidized at 33% below the borrower’s market rate
  • Projects are awarded financing based on their ranking on the Office of Energy Resources' Project Priority List, readiness to proceed and subject to credit approval and the availability of funds
  • Borrowers work directly with RIIB and OER to complete project and financing applications

Additional Services

  • Free energy audits are available. Complete this form to request an audit.
  • Free energy consulting services may be available on a limited basis to scope projects and assist with applications. Contact us for more details.
  • The Energy Asset Management Program provides public entities with free consulting support to develop a customized Action Plan to manage their energy Assets. Click here for more detailed information on participation.

Additional Resources


For more information about the EBF, please contact:

Greg Miller

Business Development Analyst
Rhode Island Infrastructure Bank