Main Street Efficiency Act of 2021

12/31/2022, 5:03 AM

Main Street Efficiency Act of 2021

This bill requires the Department of Energy to establish a grant program that provides incentives for small businesses to make energy efficiency upgrades.

Bill 117 HR 4903, also known as the Main Street Efficiency Act of 2021, aims to promote energy efficiency in small businesses and commercial buildings across the United States. The bill focuses on providing financial incentives and technical assistance to help these businesses reduce their energy consumption and lower their utility costs.

One key provision of the bill is the establishment of a grant program to assist small businesses in implementing energy efficiency upgrades, such as installing energy-efficient lighting, heating, and cooling systems. These grants would help offset the upfront costs of these improvements, making it more feasible for small businesses to invest in energy-saving technologies.

Additionally, the Main Street Efficiency Act of 2021 includes measures to streamline the process for small businesses to access financing for energy efficiency projects. This includes providing technical assistance to help businesses navigate the various financing options available to them, such as energy efficiency loans and tax incentives. Overall, the goal of Bill 117 HR 4903 is to support small businesses in becoming more energy efficient, ultimately reducing their carbon footprint and saving money on their energy bills. By incentivizing energy efficiency upgrades and providing resources to help businesses implement these changes, the bill aims to promote sustainability and economic growth in communities across the country.
Congress
117

Number
HR - 4903

Introduced on
2021-07-30

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/30/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Main Street Efficiency Act of 2021

This bill requires the Department of Energy to establish a grant program that provides incentives for small businesses to make energy efficiency upgrades.

Bill 117 HR 4903, also known as the Main Street Efficiency Act of 2021, aims to promote energy efficiency in small businesses and commercial buildings across the United States. The bill focuses on providing financial incentives and technical assistance to help these businesses reduce their energy consumption and lower their utility costs.

One key provision of the bill is the establishment of a grant program to assist small businesses in implementing energy efficiency upgrades, such as installing energy-efficient lighting, heating, and cooling systems. These grants would help offset the upfront costs of these improvements, making it more feasible for small businesses to invest in energy-saving technologies.

Additionally, the Main Street Efficiency Act of 2021 includes measures to streamline the process for small businesses to access financing for energy efficiency projects. This includes providing technical assistance to help businesses navigate the various financing options available to them, such as energy efficiency loans and tax incentives. Overall, the goal of Bill 117 HR 4903 is to support small businesses in becoming more energy efficient, ultimately reducing their carbon footprint and saving money on their energy bills. By incentivizing energy efficiency upgrades and providing resources to help businesses implement these changes, the bill aims to promote sustainability and economic growth in communities across the country.
Alternative Names
Official Title as IntroducedTo require the Secretary of Energy to establish a grant program to incentivize small business participation in demand side management programs, and for other purposes.

Policy Areas
Energy

Potential Impact
Congressional oversight•
Electric power generation and transmission•
Energy efficiency and conservation•
Energy storage, supplies, demand•
Military personnel and dependents•
Minority and disadvantaged businesses•
Oil and gas•
Public utilities and utility rates•
Rural conditions and development•
Small business•
Veterans' education, employment, rehabilitation

Comments

Recent Activity

Latest Summary2/11/2022

Main Street Efficiency Act of 2021

This bill requires the Department of Energy to establish a grant program that provides incentives for small businesses to make energy efficiency upgrades.


Latest Action8/2/2021
Referred to the Subcommittee on Energy.