Rural Energy Savings Program

Rural Energy Savings Program is sponsored by U.S. Department of Energy (DOE). This program provides loans to rural utilities and other companies that offer energy efficiency loans to qualified consumers to implement durable, cost-effective energy efficiency measures.

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Rural Energy Savings Program * Community Facilities Programs * Multifamily Housing Programs * Single Family Housing Programs * Telecommunications Programs * Water & Environmental Programs * Program Support Services * General Terms and Conditions * General Terms and Conditions - Legacy * For Water & Environmental Engineers * Rural Development Disaster Assistance # Rural Energy Savings Program Program Application Period: Applications are accepted for processing from utilities, utility-like energy efficiency service providers on an ongoing basis from October 1 – September 30.

To begin, select Overview and Other Requirements tabs below to find out more information about the program and select To Apply tab to participate in the loan program. If you need further assistance, select Contact tab below. The preparation process can take several months, depending on the complexity of the application and the completeness of the materials provided.

**Letter of Intent Deadline**: Review NOSA|Sample Letter of Intent(PDF) | Sample Letter of Intent (Word) **What does this program do? ** The Rural Energy Savings Program (RESP) provides loans to rural utilities and other companies who provide energy efficiency 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.

Eligibility entities also include: * any public power district, public utility district, or similar entity, or any electric cooperative that borrowed and repaid, prepaid, or is paying an electric loan made or guaranteed by RUS; * any entity primarily owned or controlled by 1 or more entities described above; or * any other corporations, states, territories, and subdivisions and agencies thereof; municipalities; people's utility districts; and cooperative, nonprofit, limited-dividend, or mutual associations that provide or propose to provide eligible purposes under RESP, including energy efficiency, renewable energy, energy storage or energy conservation measures and related services, improvements, financing, or relending.

**What are the Types of Eligible Borrowers? ** RUS makes loans to corporations, states, territories, and subdivisions and agencies thereof; municipalities; people's utility districts; and cooperative, nonprofit, limited-dividend, or mutual associations that provide or propose to provide: 1. The retail electric service needs of rural areas, or 2.

The power supply needs of distribution borrowers under the terms of power supply arrangements satisfactory to RUS, or 3. Eligible purposes under RESP, including energy efficiency, renewable energy, energy storage or energy conservation measures and related services, improvements, financing, or relending. **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. **Who can answer questions? ** **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.

* Sample Letter of Intent * The most recent RESP Federal Register Notice of Funding Availability * Report: Rural Energy Savings Program as of September 30, 2024 * RESP Evaluation Criteria Checklist There are no other architect, engineering or environmental requirements at the national level. If there are additional state-specific requirements they will be listed above. There are no other additional requirements at the national level.

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