The CEIP is a voluntary “matching fund” program that states can use to encourage early investment in eligible renewable energy, as well as investments in demand-side energy efficiency and solar projects that are implemented in low-income communities.
A new federal rule requires states to reduce certain carbon emissions. The Clean Power Plan creates an historic opportunity to increase energy efficiency in affordable rental housing, because those investments will provide a cost-effective way to meet the new requirements.
States will soon create plans to reduce carbon emissions from existing power plants. The Clean Power Plan gives states lots of flexibility to decide how to meet their emissions target.