Table Of Contents
The Rural Energy Savings Program (RESP) is an innovative solution to address the special challenges and opportunities facing rural communities to save energy, cut household utility bills, improve comfort, and reduce greenhouse gas emissions. Creating stable, high-skilled jobs and keeping more dollars in the local economy are important added benefits. The program finances energy efficiency improvements for rural homes with low-interest loans that are repaid through customers’ electric bills (known as “on-bill financing”). Many customers are more likely to participate in on-bill financing programs, which do not necessitate upfront capital, than traditional rebate or tax incentive-based home improvement programs.
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