What does this program do?
The Rural Energy Savings Program (RESP) helps rural families and small businesses achieve cost savings by providing loans to qualified consumers to implement durable cost-effective energy efficiency measures.
Who may apply for this program?
Eligible applicants under the RESP include current and former RUS borrowers, subsidiaries of current or former RUS borrowers, and entities that provide retail electric service needs in rural areas.
What are the terms of the loans?
- 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
What is an eligible area?
We encourage you to contact us to determine whether your program would serve an eligible rural area.
How may funds be used?
Funds may be used for the purpose of implementing energy efficiency measures to decrease energy use or costs for rural families and small business.
How do we get started?
- Applications for this program will be accepted on a first come first serve basis until the depletion of available funding. Please see the funding announcement which provides detailed information on the RESP program including how to apply.
- Letter of Intent
Who can answer questions?
Contact Robert Coates at Robert.Coates@usda.gov .
What governs this program?
These loans are made available under the authority of section 6407 of the Farm Security and Rural Investment Act of 2002 (7 U. S.C. 8107a) (Section 6407).
Why does USDA Rural Development do this?
USDA is committed to offering a variety of financing options to expand efforts to help rural communities save money, reduce the need to purchase or generate energy, reduce emissions from generation of electricity, and help strengthen rural economies through job creation for energy efficiency and conservation projects.