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Rural Energy Savings Program

 
Catalog of Federal Domestic Assistance Number: 10.751
Sponsors
U.S. Department of Agriculture, USDA Rural Development, USDA Rural Utilities Service
Deadlines
Applications accepted on an ongoing basis
Contact

Robert Coates
202.260.5415
Robert.Coates@usda.gov

Purpose

The Rural Energy Savings Program (RESP) provides loans to qualified intermediaries, 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.

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

Individual loan limits are not specified. Loan terms include:

  • 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
  • Up to 4% of the loan total may be used for startup costs
Application process

Links to additional guidance and application instructions are available on the program website and in the Federal Register.

Email a letter of intent to resp@wdc.usda.gov. Applicants that are invited to proceed with the process will have up to 90 days to complete and submit a full loan 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.