Merkley Announces $52 Million in Energy Loans for Rural Communities

Oregon’s Senator Jeff Merkley today announced that the U.S. Department of Agriculture (USDA) will make $52 million in loans available to rural electric co-ops through the Rural Energy Savings Program (RESP) times app download for free. RESP is a program designed by Senator Merkley to allow rural electric co-ops to offer their customers low-interest loans from USDA to provide affordable financing for energy efficiency improvements tony hawk pro skater 2 vollversion kostenlos downloaden. The customers then pay back the loans through the savings on their electric bills.
“Energy efficiency renovations create good jobs in construction and American manufacturing and simultaneously cut down on wasted energy and save money for consumers,” said Merkley download toernooischema excel. “This is exactly the type of investment we should be making in rural communities. A true triple win.”
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 apple carplay app herunterladen. 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 herunterladen.
RESP borrowers finance loans at zero percent interest for up to 20 years, making the program an attractive and affordable option to finance energy-saving measures dxf vorlagen kostenlos downloaden. Energy customers participating in programs financed through RESP then repay the loans at an interest rate of up to 3 percent for up to 10 years through their electric bills how to paid apps for free.
Senator Merkley first introduced legislation to create the RESP in 2010 in a bipartisan partnership with Senator Richard Lugar (R-IN) birthday calendar to. Congress authorized the program in the 2014 Farm Bill and Senator Merkley has been able to get funding for the program through the Agriculture Appropriations bill in 2015 and 2016 herunterladen installieren und aktivieren von avg pc tuneup.