(A) significantly increase the energy effi-
ciency of such buildings or facilities; or 
(B) install systems that individually gen-
erate electricity from renewable energy re-
sources and have a capacity of no more than 2 
megawatts; 
(2) facilitate financing transactions in tax eq-
uity markets and long-term purchasing of clean en-
ergy by State, local, and nongovernmental not-for- 
profit entities, to the degree and extent that the Sec-
retary of Energy determines such financing activity 
is appropriate and consistent with carrying out the 
purpose described in subsection (b); and 
(3) provide credit support to portfolios of tax-
able debt obligations originated by State, local, and 
private sector entities that enable the deployment of 
energy storage applications for electric drive vehi-
cles, stationary applications, and electricity trans-
mission and distribution. 
(b) PURPOSE.—The purpose of this program is to 
promote access to affordable financing for accelerated and 
widespread deployment of— 
(1) clean energy technologies; 
(2) advanced or enabling energy infrastructure 
technologies; and 
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(3) energy efficiency technologies in residential, 
commercial, and industrial applications, including 
end-use efficiency in buildings. 
(c) DEFINITIONS.—For purposes of the section: 
(1) CLEAN ENERGY TECHNOLOGY.—The term 
‘‘clean energy technology’’ means a technology re-
lated to the production, use, transmission, storage, 
control, or conservation of energy— 
(A) that will contribute to a stabilization of 
atmospheric greenhouse gas concentrations 
thorough reduction, avoidance, or sequestration 
of energy-related emissions and— 
(i) reduce the need for additional en-
ergy supplies by using existing energy sup-
plies with greater efficiency or by transmit-
ting, distributing, or transporting energy 
with greater effectiveness through the in-
frastructure of the United States; or 
(ii) diversify the sources of energy 
supply of the United States to strengthen 
energy security and to increase supplies 
with a favorable balance of environmental 
effects if the entire technology system is 
considered; and 
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(B) for which, as determined by the Ad-
ministrator, insufficient commercial lending is 
available at affordable rates to allow for wide-
spread deployment. 
(2) CREDIT SUPPORT.—The term ‘‘credit sup-
port’’ means— 
(A) direct loans, letters of credit, loan 
guarantees, and insurance products; and 
(B) the purchase or commitment to pur-
chase, or the sale or commitment to sell, debt 
instruments (including subordinated securities). 
(3) DIRECT LOAN.—The term ‘‘direct loan’’ has 
the meaning given the term in section 502 of the 
Federal Credit Reform Act of 1990 (2 U.S.C. 661a). 
(4) LOAN GUARANTEE.—The term ‘‘loan guar-
antee’’ has the meaning given the term in section 
502 of the Federal Credit Reform Act of 1990 (2 
U.S.C. 661a). 
(5) RENEWABLE
ENERGY
RESOURCE.—The 
term ‘‘renewable energy resource’’ means each of the 
following: 
(A) Wind energy. 
(B) Solar energy. 
(C) Geothermal energy. 
(D) Renewable biomass. 
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(E) Biogas derived exclusively from renew-
able biomass. 
(F) Biofuels derived exclusively from re-
newable biomass. 
(G) Hydropower. 
(H) Marine and hydrokinetic renewable en-
ergy, as that term is defined in section 632 of 
the Energy Independence and Security Act of 
2007 (42 U.S.C. 17211). 
(d) TRANSPARENCY.—The Secretary of Energy shall 
seek to foster through its credit support activities— 
(1) the development and consistent application 
of standard contractual terms, transparent under-
writing standards and consistent measurement and 
verification protocols, as applicable; and 
(2) the creation of performance data that pro-
motes effective underwriting and risk management 
to support lending markets and stimulate the devel-
opment of private investment markets. 
(e) EXEMPT SECURITIES.—All securities insured or 
guaranteed by the Secretary of Energy shall, to the same 
extent as securities that are direct obligations of or obliga-
tions guaranteed as to the principal or interest by the 
United States, be considered to be exempt securities with-
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in the meaning of the laws administered by the Securities 
and Exchange Commission. 
Æ 
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