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Federal financing options for on-bill financing energy efficiency programs
The document outlines three federal financing options for rural electricity providers: the Energy Efficiency and Conservation Loan Program (EECLP), the Rural Economic Development Loan and Grant Program (REDLG), and the Rural Energy Savings Program (RESP). EECLP offers large-scale, non-competitive financing at Treasury rates for a wide range of efficiency and renewable energy projects. REDLG provides zero-interest loans or grants for projects creating rural employment, including energy efficiency, though it requires a 20% in-kind match. RESP is specifically designed for on-bill financing, offering zero-interest loans to providers who can re-lend to consumers at up to 3% interest, provided the energy measures have a payback period of 10 years or less.
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Document type: Guide