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Federal Loans Could Cut Rural Electric Bills

The U.S. Department of Agriculture is proposing a new federal loan program that would make federal loans available for rural electric coops to distribute to customers who want to make their homes and businesses more energy-efficient.  A version of the pr
July 17, 2012

The U.S. Department of Agriculture is proposing a new federal loan program that would make federal loans available for rural electric coops to distribute to customers who want to make their homes and businesses more energy-efficient.  A version of the program was piloted in South Carolina.  There, 125 rural homeowners received loans averaging $7,200 to seal air leaks and replace inefficient heating and air-conditioning systems.  The electric coops of South Carolina secured the federal funds for the loans and are billing customers for repayment on their monthly utility statements.  The Pittsburgh Post-Gazette has more on this story.

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