(a) The administrator shall review the property owner’s application and, if it finds that the application satisfies all requirements, shall enter into a loan, or other, agreement with the property owner.

(b) The property owner may request in the loan application that the Energy Efficiency Loan include an amount equal to all or part of the cost of the Energy Efficiency Audit. If the amount requested is reasonable, the administrator shall include the amount in the Energy Efficiency Loan.

(c)(1) Except as provided in paragraph (2) of this subsection, before entering into an Energy Efficiency Loan with a property owner, the administrator shall verify, based upon information provided in the property owner's application, that the value of the savings from the installation of the Energy Efficiency Improvements is reasonably expected to exceed the amount of the principal of, and interest on, the Energy Efficiency Loan, including any cost of the Energy Efficiency Audit included pursuant to subsection (b) of this section.

(2) A property owner's application may be approved at the discretion of the administrator even when the value of the savings from the installation of the Energy Efficiency Improvements is not expected to exceed the amount of the principal of, and interest on, the Energy Efficiency Loan, if:

(A) The property owner has consented;

(B) The project meets high standards of energy efficiency or water efficiency or stormwater retention; and

(C) The project contributes to the public purpose declared in § 8-1778.02.

(May 27, 2010, D.C. Law 18-183, § 303, 57 DCR 3406; Apr. 20, 2013, D.C. Law 19-262, § 102(h), 60 DCR 1300; Aug. 22, 2018, D.C. Law 22-155, § 605(b)(3), 65 DCR 7159.)

This section is referenced in § 8-1778.42 and § 47-895.31.

The 2013 amendment by D.C. Law 19-262 substituted “an Energy Efficiency Loan Agreement with a property owner, the administrator shall verify, based upon information provided in the property owner’s application, that the value of the savings from” for “a loan, or other, agreement with a property owner, the administrator shall verify, based upon information provided in the property owner’s application, that the value of the energy saved by” in (c).

For temporary (90 day) addition, see § 204 of Energy Efficiency Emergency Act of 2009 (D.C. Act 18-324, March 1, 2010, 57 DCR 1851).

Section 204 of D.C. Law 18-156 added a section to read as follows: “Sec. 204. Approval of application. The administrator shall review the property owner’s application and, if it finds that the application satisfies all requirements, shall enter into a loan, or other, agreement with the property owner.

Section 402(b) of D.C. Law 18-156 provided that the act shall expire after 225 days of its having taken effect.