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Eligible: Local Government, Nonprofits, Public Agencies, Tribes, Utilities

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Rural Energy Savings Program

From US Department of Agriculture (USDA)

The Rural Energy Savings Program (RESP) provides loans to rural utilities and other companies who provide energy efficiency loans to qualified consumers to implement durable cost-effective energy efficiency measures. The USDA is committed to offering a variety of financing options to expand efforts to help rural communities save money, reduce the need to purchase or generate energy, reduce emissions from generation of electricity, and help strengthen rural economies through job creation for energy efficiency and conservation projects.

  • Overview

    • Type

      Loan

    • Title

      Rural Energy Savings Program

    • Source

      US Department of Agriculture (USDA)

    • Federal or State

      Federal

    • Award Range

  • Eligibility

    • Audience

      Local Government, Nonprofits, Public Agencies, Tribes, Utilities

    • Sector

      Energy Efficiency, Energy Infrastructure, Renewable Energy

    • Activity

      Energy Efficiency Improvements, Financial Assistance

    • Eligibility

      Eligible applicants under the RESP include current and former RUS borrowers, subsidiaries of current or former RUS borrowers, and entities that provide retail electric service needs in rural areas.

    • Location

      National

  • Application Process

    • Application Link

      Rural Energy Savings Program Application

    • Requirements

      The terms of the loans are: Up to 20 years at a 0% interest rate, up to 5% interest rate for relending to end users qualified consumers, for up to 10 years, and up to 4% of the loan total may be used for startup costs.

    • Disbursement Method

      Unspecified

  • Important Dates

  • Resources & Contacts

    • Contact

      Contact Bob Coates at Robert.Coates@usda.gov

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