Rural Energy Savings Program (RESP)
Department Of Agriculture, Rural Utilities Service
The Rural Energy Savings Program (RESP) provides loans to entities who provide energy efficiency services in rural areas that agree to make affordable loans to help Qualified consumers implement cost- effective, energy efficiency measures. This program, authorized by Congress in the 2014 Farm Bill, helps to build a cleaner and more sustainable domestic energy sector for future generations. RESP will help lower energy bills for rural families and businesses and will reduce barriers to investmen
Jargon-free version
Helps rural small businesses save money by providing loans for energy efficiency improvements. Loans can be used for durable measures that reduce energy costs.
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What Is This Program?
What Benefits Are Offered?
Provides low-interest (0% for up to 20 years) loans to eligible entities for implementing durable, cost-effective energy efficiency measures. These funds are often relended to qualified consumers (rural families and small businesses) at up to a 5% interest rate for up to 10 years to decrease energy use or costs. Funds can also support renewable energy, energy storage, and energy conservation projects. Up to 4% of the loan total may be used for startup costs.
Who Is Eligible?
Business Size: small, medium, large
Industries: electric utilities, energy efficiency, renewable energy, energy storage, energy conservation
Region: rural areas
Other Criteria: Current and former RUS borrowers, Subsidiaries of current or former RUS borrowers, Entities that provide retail electric service needs in rural areas, Public power districts, public utility districts, or similar entities, Electric cooperatives that borrowed and repaid, prepaid, or are paying an electric loan made or guaranteed by RUS, Entities primarily owned or controlled by eligible entities, Corporations, states, territories, and subdivisions and agencies thereof; municipalities; people's utility districts, Cooperative, nonprofit, limited-dividend, or mutual associations that provide or propose to provide eligible purposes under RESP, Utility-like energy efficiency service providers, Projects must benefit rural families and small businesses
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FAQFrequently Asked Questions
This program is available to small, medium, large businesses in electric utilities, energy efficiency, renewable energy industries located in rural areas.
This program offers funding up to $10,000,000 (minimum $10,000,000).
This program accepts applications on a rolling basis.
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