Qualified Energy Conservation Bonds (QECBs) were first authorized by Congress in October 2008. At that time, Congress allowed a maximum of $800 million in QECB volume cap nationwide. In the February 2009 American Recovery and Reinvestment Act (ARRA), Congress increased the volume cap to $3.2 billion. QECBs may be issued by state, local and tribal governments to finance qualified energy conservation projects. A maximum of 30% of the aggregate bonds may be used to finance private activity projects.
Under Tennessee statute, TDEC's Office of Energy Programs (OEP) serves as the coordinator and administrator of the State’s QECB program, in partnership with the Tennessee Local Development Authority (TLDA). The authority to allocate Tennessee's QECB capacity is delegated to the TLDA (Tenn. Code Ann. §4-31-119).
To view the most recent Tennessee QECB program update, click here. For more information on how to apply for QECBs, please click the Suballocation Proposal Process button below.
For questions or more information, contact Alexa Voytek of the TDEC's Office of Energy Programs at: 615-741-2994. If you wish to receive periodic program information and updates through OEP's QECB email listserv, please send your contact information and email address to: Alexa.Voytek@tn.gov.