Rural Energy Savings Program (RESP)

 

The Rural Energy Savings Program (RESP) provides loans to entities who provide energy efficiency services in rural areas that agree to make affordable loans to help Qualified consumers implement cost- effective, energy efficiency measures. This program, authorized by Congress in the 2014 Farm Bill, helps to build a cleaner and more sustainable domestic energy sector for future generations. RESP will help lower energy bills for rural families and businesses and will reduce barriers to investment in energy efficiency projects or activities.

Active 10.751 Rural Utilities Service, Department of Agriculture E - Direct Loans Not applicable. Farm Security and Rural Investment Act of 2002, Public Law 107-171, 7 U.S.C. 8107a
Section 6205 of the Agricultural Act of 2014, Public Law 113-79 N/A N/A The following documents are required in order to submit a completed application: Letter of intent, energy efficiency program implementation work plan, environmental compliance agreement, a pro forma balance sheet, itemized budget for RESP activities and other applicable documents as specified within the RESP Notice of Funds Availability (NOFA). Preapplication coordination is required. An environmental impact statement is required for this listing. The application process consists of two steps. To be considered for this funding, Applicants must submit their documentation no later than the mandatory dates set forth herein. Step 1: To be considered for financing pursuant to this notice, an Applicant seeking financing must submit a Letter of intent to apply, as provided herein, in an electronic Portable Document Format (PDF), not to exceed 10 MB in size, by electronic mail (email) to RESP@wdc.usda.gov. This Notice will remain open until September 30, 2019; or until all funds available for this year have been obligated; or changed by a subsequent notice. If funds are exhausted prior to the end of the open period, applicants that qualify based on their Letter of Intent will be placed in a queue, and will be notified when funds become available. Late or incomplete Letters of Intent will not be considered by RUS. Step 2: An RESP Applicant that has been invited in writing by RUS to proceed with the loan application, as provided in this NOFA, will have up to sixty (60) days to complete the documentation for a complete application. The sixty (60) day timeframe will begin from the date the RESP Applicant receives an email with RUS’ Invitation to proceed. If the deadline to submit the completed application falls on Saturday, Sunday, or a Federal holiday, the application is due the next business day. Instructions on how to submit the loan application package will be included in the RUS Invitation to proceed to the RESP Applicant. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The RUS Administrator, has the discretion to make the final decision on approvals of the loans upon a finding that the applicant has met the criteria as outlined in the RESP Notice of Funds. Contact the headquarters or regional location, as appropriate for application deadlines From 30 to 60 days. Not applicable. Not applicable. Please see the NOSA for criteria Performance Reports: See NOSA for required reports Not applicable. Not applicable. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. RESP loans are generally made for a period up to 10 years. Any disbursements of loan funds to an eligible entity in 12 consecutive months from the date of the first advance shall not exceed 50 percent of the approved loan amount. See NOFA None/Not specified. Christopher McLean
1400 Independence Ave., Stop 1560

Washington, DC 20250 US
christopher.mclean@wdc.usda.gov
Phone: 202-720-9545 https://www.rd.usda.gov/programs-services/rural-energy-savings-program 12-1230-0-1-271 (Direct Loans) FY 22$71,820,000.00; FY 23 est $357,887,075.00; FY 24 est $193,000,000.00; FY 21$32,000,000.00; FY 20$103,750,000.00; FY 19$34,200,000.00; FY 18$21,500,000.00; FY 17$24,273,000.00; - Range of loan size is from $200,000 to $13,000,000.00. The average is approximately $8,000,000.00. Please see the NOSA for all information Not applicable.