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ESB Fund Braiding Spreadsheet, John Bonitz, North Carolina Clean Energy Technology Center (NCCETC), December 2023
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Please send questions, corrections, suggestions to <jhbonitz@ncsu.edu>
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For the purpose of doing your own calculations, please download and save a copy of this spreadsheet to use.
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The ESB Fund Braiding spreadsheet contains detailed information about the costs and funding sources for electric school bus (ESB) projects in North Carolina. It is divided into two sections: one for Prioritized Applicants and another for NON-prioritized applicants. This reflects the Environmental Protection Agency’s (EPA) ranking for the Clean School Bus (CSB) rebate lottery, which prioritizes applications that will replace buses serving high-need local education agencies, rural areas, disadvantaged communities, etc. such as North Carolina’s Tier 1 counties and Historically Under-Resourced Counties. For example, EPA is committed to ensuring the CSB Program delivers on the Biden-Harris Administration’s Justice40 Initiative that at least 40% of the benefits of certain federal investments flow to disadvantaged communities.
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For Prioritized Applicants
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Items and Costs: This lists various line items like electric school buses, chargers, and software subscriptions, including their quantities and cost estimates (both low- and high-cost scenarios).
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Sufficient Funding Sources: This details the incentives and funding sources available to these districts or applicants, such as EPA rebates, DPI allocations, and tax credits.
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Total Costs and Contributions: This calculates the total project cost and outlines how these costs can potentially be covered entirely by the grants and funding sources.
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NON-prioritized Applicants
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Similar Structure: This section follows a similar structure with line items and their costs.
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Limited Funding Sources: This suggests most non-prioritized applicants will have lesser eligibility for funding sources compared to prioritized districts. Hence, these districts will need to cover a significant portion of ESB project costs through local government funds, philanthropic funds, or other sources.
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