Rural Energy Savings Program
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
To begin the process, email a letter of intent to firstname.lastname@example.org. Guidance for the letter of intent may be found in the Application and Submission Information, section D, of the application instructions.
Selected applicants will be invited to submit a full application.
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.