Qualified Energy Conservation Bonds (Ohio)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Ohio


Applies to States or Provinces Ohio
Name Qualified Energy Conservation Bonds (Ohio)
Policy Category Financial Incentive
Policy Type Bond Program
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Ohio Air Quality Development Authority
Primary Website http://www.ohioairquality.org/oaqda/qecb.asp


Last Review 2014-09-15


Information Source http://energizeohio.osu.edu/incentives/qualified-energy-conservation-bonds


Summary

The Ohio Air Quality Development Authority (OAQDA) administers the Qualified Energy Conservation Bonds (QECB) program in Ohio. QECBs have been used by local governments and public universities to finance the installation of energy conserving equipment in publicly owned buildings. Under a QECB financing package, OAQDA authorizes Air Quality Development Bonds for issuance as a Series A federally tax-exempt bond and a Series B Qualified Energy Conservation Bond (QECB) federal tax-credit bond. Combining funding from the two separate sources results in a lower, "blended" interest rate for the participating entity.

Qualified conservation purposes include:

Capital expenditures that will reduce energy consumption in publicly owned buildings by at least 20%, fund green community programs, or support rural development involving the production of electricity from renewable sources;

Research expenditures that support the development of cellulosic ethanol or other non-fossil fuels, technologies for the capture and sequestration of carbon dioxide, increasing the efficiency of existing technologies for producing non-fossil fuels, automobile battery technologies to reduce fossil fuel consumption in transportation or technologies to reduce energy use in buildings;

Mass commuting facilities;

Demonstration projects that promote commercialization of green building technology, conversion of agricultural waste, advanced battery manufacturing technologies, technologies to reduce peak electricity consumption or technologies for the capture and sequestration of carbon dioxide emitted from fossil fuels that produce electricity; and

Public education campaigns to promote energy efficiency.


Policy Contact

Department Ohio Air Quality Development Authority
Address 50 W. Broad Street, Suite 1718, Columbus, Ohio, 43215


Phone 614-224-3383
Fax 614-752-9188
Website http://www.ohioairquality.org/oaqda/qecb.asp


Authorities (Please contact the if there are any file problems.)

Authority 1: Ohio Air Quality Development Authority, Qualified Energy Conservation Bonds
Date Effective 2013

















References