March 13 & 19 Webinars to Include Information on Linking SR-FRB and Inflation Reduction Act Incentives
The Small Rural Frozen Rolling Base program (SR-FRB) provides an incentive to reduce energy use by allowing agencies to retain any savings occurring after the base consumption level used to calculate operating subsidy is frozen. Unlike Energy Performance Contracts (EPCs) with similar structures, small and rural agencies are not required to finance specific energy improvements in order to participate.
In other words, small and rural agencies can retain savings from improvements made through traditional means – regular capital fund investments, improvements provided by other entities (such as weatherization and utility company programs), or improved resident participation in reducing energy use. The process is reasonably straightforward, with annual opportunities to opt in or out of the program.
This program is a result of PHADA’s continued advocacy for deregulation of small and rural authorities, recently reported in the January 17 edition of the Advocate (“HUD Issues Long-Awaited Notice on Deregulation for Small Rural Agencies.”)
PHADA recently met with HUD’s contractors, Econometrica, Inc., and Apollo Engineering Solutions LLC, to assist with the content development for an online introduction to the SR-FRB program. The video presentation can be viewed here.
Webinars Scheduled
SR-FRB Program webinars are scheduled for March 13 (3:00 pm – 4:30 pm ET) and March 19 (2:00 pm – 3:30 pm ET). Descriptions and registration are available here.
More information on the SR-FRB and other energy incentive programs such as the Utility Partnership Program (UPP) from the Office of Public and Indian Housing’s Energy Branch can be found here.