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The Title 17 Interim Final Rule amends Title 17 regulations to implement changes that expand or modify program authority and to revise for clarity and organization. IRA appropriates $5 billion through September 30, 2026, to carry out EIR, with a total cap on loans of up to $250 billion. IRA creates a new program under Title 17 ( section 1706), the EIR Program, to guarantee loans to projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases. These expanded activities include projects involving critical minerals processing, manufacturing, and recycling, and removing the innovation requirement for State Energy Financing Institution-backed projects.Įnergy Infrastructure Reinvestment (EIR) Program (Section 1706) IRA appropriations also support the expanded activities authorized by the President’s Bipartisan Infrastructure Law (BIL) that required new appropriations to go into effect. This new loan authority is open to all currently eligible section 1703 technology categories, including fossil energy and nuclear energy.

The legislation appropriates $3.6 billion in credit subsidy to support the cost of those loans and sets aside a percentage of these amounts for administrative expenses to help carry out the program, including monitoring and originating new loans. IRA provides an additional $40 billion of loan authority for projects eligible for loan guarantees under section 1703 of the Energy Policy Act of 2005, to remain available through September 30, 2026. Title 17 Clean Energy Financing Program Innovative Energy, Innovative Supply Chain, and State Energy Financing Institution Authority (Section 1703)

IRA download the last version for android