USDA unveils loan program for rural energy-efficiency improvements
In addition to energy audits, the loans may be used for upgrades to heating, lighting and insulation, and conversions to more efficient or renewable energy sources.
The U.S. Department of Agriculture plans to provide rural electric cooperatives up to $250 million to lend to business and residential customers for energy-efficiency improvements. In addition to energy audits, the loans may be used for upgrades to heating, lighting and insulation, and conversions to more efficient or renewable energy sources.
“Energy-efficiency retrofitting can shrink home energy use by 40%, saving money for consumers and helping rural utilities manage their electric load more efficiently,” said Agriculture Secretary Tom Vilsack. “Ultimately, reducing energy use helps pump capital back into rural communities. This program is designed to meet the unique needs of consumers and businesses to encourage energy efficiency retrofitting projects across rural America.”