2020 Renewable and Energy Efficiency Financing Grant Program

  • Financial Support for Renewable and More Efficient Energy

OVERVIEW

The Renewable and Energy Efficiency Financing Grant Program is a four-year partnership between Opportunity Finance Network (OFN) and an anonymous donor. Between 2019-2022, OFN is providing up to a total of $5.25 million in grants to OFN members focused on renewable and energy efficiency financing.

TERMS

The 2020 Program will provide between 15 to 20 total grants—ranging from $50,000 to $200,000 per award—to provide lending capital and loan loss reserves to OFN members for renewable and energy efficiency financing. A total of up to $1,450,000 in grants will be made in 2020. 

The Award must be used for lending capital or for a loan loss reserve. The Award cannot be used for operating purposes. 

Awardees are required to sign grant documents associated with their Award. 

Awardees will be required to submit a narrative report related to the progress of the Awardees’ strategy and a financial report related to the use of funds due one year following receipt of an Award.

Awardees will contribute to and participate in efforts by OFN to promote Awardees’ innovative strategies and spark replication through articles, webinars, social media, etc.

ELIGIBILITY

  1. Charitable Purpose
    Applicant is a U.S. tax-exempt organization with a current 501(c)(3) determination letter from the Internal Revenue Service. If your organization does not have this tax status, it may be eligible if it is a CDFI certified by the U.S. Treasury CDFI Fund.
     
  2. OFN Membership
    Applicant is a member of the Opportunity Finance Network.

APPLICATION PROCESS

Applicants must submit applications electronically by using this online form. We will not accept hard copy documents. Click here for a PDF copy of the Renewable and Energy Efficiency Financing Grant Program Guidelines.

TIMELINE

2020 Renewable and Energy Efficiency Grant Program launch

April 28, 2020

Application period open

April 28, 2020 – June 5, 2020

Application deadline

June 5, 2020 (11:59 PM ET)

Selection committee review

June 8, 2020 – June 19, 2020

Applicants notified

June 22, 2020 – June 26, 2020

Grants disbursed

June 29, 2020 – July 3, 2020

QUESTIONS

OFN will also host a members-only informational webinar on May 14, from 3–4:00 PM ET. A recording of the webinar will be available afterward on the OFN member-only COVID-19 community on CDFI Connect.

If you have questions about the application process for the 2020 Renewable and Energy Efficiency Financing Grant Program, please contact Seth Julyan at sjulyan@ofn.org or 202.868.6920.

BECOME AN OFN MEMBER

Learn about eligibility and benefits, and submit an application here. Please contact Anthony Wilder Puzzuoli at apuzzuoli@ofn.org with questions.