On June 21, 2016, Agriculture Secretary Tom Vilsack announced a new program that will help rural residents conserve energy and save money on their utility bills. The new Rural Energy Savings Program (RESP) will make $52 million in loans available to energy providers to help rural families and small businesses reduce their energy use.
"Investments like the ones we will make through the Rural Energy Savings Program not only reduce energy costs for consumers, but also build a cleaner and more sustainable energy future," Vilsack said. "This program is the latest of many financing options USDA provides to rural communities to expand energy efficiency efforts and strengthen rural economies."
RESP will provide loans to rural energy providers who in turn fund projects for consumers to make energy efficiency improvements in their homes or businesses that will lower their energy use. Eligible applicants include current and former Rural Utilities Service (RUS) borrowers, subsidiaries of current or former RUS borrowers, and entities that provide retail electric service in rural areas.
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