; (3) the qualifications, experience, and past performance of the eligible entity, including experience successfully managing and administering Federal funds; (4) the strength of the proposal of the eligible entity to achieve one or more of the purposes described in subsection (a); (5) the extent to which the eligible entity will use partnerships and regional coordination to achieve one or more of the purposes described in subsection (a); (6) regional and climate zone diversity; (7) urban, suburban, and rural localities; and (8) any other appropriate factor, as determined by the Secretary. (f) First award Subject to the availability of appropriations, not later than 270 days after the date of enactment of this section, the Secretary shall make a first award of financial assistance under this section. (g) Amount and term (1) Maximum amount The total amount of financial assistance awarded to an eligible entity under this section shall not exceed $2,000,000. (2) Planning, management, and administration Of the amount awarded to an eligible entity under this section, not more than 15 percent may be used by the eligible entity for the purpose described in subsection (c)(8). (3) Technical and training assistance The total amount of financial assistance awarded to an entity under this section shall be reduced by the cost of any technical and training assistance provided by the Secretary under this section that relates to that financial assistance. (4) Term The term of an award of financial assistance under this section shall not exceed 3 years. (h) Guidance Not later than 90 days after the date of enactment of this section, the Secretary shall issue guidance on implementing this section, which shall include, with respect to eligible entities awarded financial assistance under this section— (1) standards for allowable expenditures; (2) a minimum saving-to-investment ratio; and (3) standards for— (A) training programs; (B) energy audits; (C) the provision of technical assistance