Rural Energy Savings Program

Catalog of Federal Domestic Assistance Number: 10.751

Link

View Program Website

Sponsors

U.S. Department of Agriculture, USDA Rural Development, USDA Rural Utilities Service

Deadlines

Letter of Intent (Required): Sep 30, 2019
Application: Sep 30, 2019

Contact

Robert Coates
202.260.5415
Robert.Coates@wdc.usda.gov

Purpose

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.

Eligibility

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.

Geographic coverage

Nationwide

Amount of funding

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

Application process

To begin the process, submit a Letter of Intent by email to resp@wdc.usda.gov using the template provided on the program website.

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.

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Capital funding

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.