‹ Our Work

  • Smoothing the Housing Investment Cycle

    Smoothing the Housing Investment Cycle

    There are many barriers to housing construction that need to be addressed on the path to a resilient and affordable housing market, from zoning to construction codes to subsidy programs. But the core economic trap, which leaves housing stuck in the depths of the business cycles, needs something else. A national construction financing fund could…

  • CPE Elective Pay Model (2.0)

    CPE Elective Pay Model (2.0)

    Access our new Elective Pay Model here. In September 2023, Center for Public Enterprise (CPE) published the first iteration of our Elective Pay Model. The model is a free tool that allows users to analyze project-level financial considerations for state, municipal, or nonprofit projects claiming elective pay on either the investment or production tax credits,…

  • Virtual Power Plants: Financing a Distributed Energy System

    Virtual Power Plants: Financing a Distributed Energy System

    Creating a new DER deployment strategy requires policy makers rethink their financing by using VPPs to turn DERs into public resources. This report shows how green banks—mission-driven public lenders—can help enable such a shift using tools already present in the Inflation Reduction Act.

  • Special Purpose Vehicles

    Special Purpose Vehicles

    Augmenting the “SEFI Carveout”: How Special Purpose Vehicles Can Facilitate Large Project Pipelines

  • Making the Most of SEFI: A Model RFI

    Making the Most of SEFI: A Model RFI

    A Model RFI for Engagement and Collaboration with the Loan Programs Office

  • Tax Credits Are Industrial Policy: Answering the Derisking Critique on Discipline and Investment

    Tax Credits Are Industrial Policy: Answering the Derisking Critique on Discipline and Investment

    The Inflation Reduction Act (IRA) is criticized for “derisking” private investment by increasing the gains to private firms. The derisking critique argues that the IRA insufficiently disciplines private firms; it does not utilize legal or financial penalties which would force firms to undertake green investment and bar emissions-intensive investment. This paper answers that critique by…

  • The SEFI Carveout

    The SEFI Carveout

    Under its original Title 17 authority, the LPO was limited to providing credit to borrowers working with experimental technology. But a new carveout in the IIJA and the IRA extends that credit authority to nearly any kind of energy project, so long as it’s being co-financed by what’s called a State Energy Financing Institution (SEFI).

  • CPE Elective Pay Model

    CPE Elective Pay Model

    The CPE Elective Pay Model is a tool developed in-house to help understand the financial considerations public utilities and other public agencies might face when making an elective pay investment in clean energy assets. Included here is report detailing the model, its assumptions, and results, a simulator tool (below) comparing tradeoff scenarios for the primary…

  • Public Power Campaigns Database

    This database, authored by Alexa Kane, Andrea Guscott, and Natalie Valachovic, identifies major public power campaigns across the country. Many of these campaigns seek to municipalize their local utility or replace their state utility, often but not always through cooperative structures. They generally prioritize delivering cheaper and cleaner energy, ending electricity shutoffs, and improving grid reliability.

  • CPE’s comments on the proposed rules for elective pay and transferability

    Read our full comments to the IRS on the proposed rules for sections 6417 and 6418 of the Inflation Reduction Act.