Rural Energy Savings Program
Application: Sep 30, 2019
The Rural Energy Savings Program (RESP) provides loans to qualified small businesses and families to implement cost-effective energy efficiency measures. The ultimate goal of the program is to help lower energy bills and encourage investment in energy efficiency projects or activities.
Eligible applicants include current and former Rural Utility Service (RUS) borrowers, subsidiaries of current or former RUS borrowers, and entities that provide retail electric service needs in rural areas.
Total funding available: $8,000,000
Individual loan limits are not specified. Loan terms include:
- Up to 20 years at a 0% interest rate
- Up to 3% interest rate for relending to end users qualified consumers, for up to 10 years
- Up to 4% of the loan total may be used for startup costs
Selected applicants will be invited to submit a full application.
This opportunity is open until September 30, 2019, or until all funds have been obligated. If funds are exhausted before September 30, 2019, qualified applicants will be placed in a queue and will be notified when funds become available.
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.