The Home Retrofit and EPS™ New Construction Business Development Fund (BDF) yearly reimbursement allowances will be replenished on January 1, 2022, and all trade ally balances will be reset to zero. This opens up new opportunities for Residential trade allies to tap into Business Development Funds for approved marketing efforts.
All fund amounts and requirements will remain the same in 2022 as they were in 2021:
Reimbursement requirements
| Standard Trade Ally | MBE, WBE, VBE1 and Rural2 Trade Allies |
|---|---|
| Annual maximum: $3,000 Amount reimbursed: 100% up to annual maximum • Training maximums removed • Reimbursements eligible up to annual maximum | Annual maximum: $4,000 Amount reimbursed: 100% up to annual maximum • Training maximums removed • Reimbursements eligible up to annual maximum |
| Minimum reimbursement: • $75 for marketing • $75 for training | Minimum reimbursement: • $75 for marketing • $75 for training |
* Minority business enterprise (MBE), women business enterprise (WBE) and veteran business enterprise (VBE) designate minority-owned, women-owned and veteran-owned businesses. Rural businesses are designated as businesses that serve rural customers.
All BDF projects or training reimbursements require pre-approval and an estimated cost. Please use the Residential BDF Application to apply for pre-approval. Pre-approval confirms project and training eligibility, but does not reserve funds. Funds are available on a first-come, first-served basis. Please note that final invoices must be submitted within 15 days of the release of your project or the date of your training.
Reimbursements for personal protective equipment (PPE) will also extend through 2022. Trade allies will be eligible to apply their BDF to select wearable PPE, sanitizing and prevention equipment, and social distancing equipment. Reimbursement requests for PPE purchases must be submitted within the same calendar year as the purchases.
For more details on BDF guidelines, and to confirm pre-approval, visit the Business Development Fund Insider page, email the Residential trade ally team or call us at 1.866.365.3526.