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Rural Energy Savings Program

This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.

 
Catalog of Federal Domestic Assistance Number: 10.751
Sponsors
U.S. Department of Agriculture, USDA Rural Development, USDA Rural Utilities Service
Deadlines
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

Links to additional guidance, application instructions and amended instructions are available on the program website.

To begin the process, email a letter of intent to resp@wdc.usda.gov. 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.

Tagged as
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.