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USDA Funds First Loans Under New EE & Conservation Loan Program

USDA Launches New Initiative: Finances First Energy Efficiency Program Loans in Arkansas and North Carolina

USDA, October 23, 2014

Agriculture Secretary Tom Vilsack today announced that USDA has funded the first two loans under the new Energy Efficiency and Conservation Loan Program, which is designed to help consumers reduce energy bills through energy efficiency improvements and renewable energy systems.

“These loans to North Arkansas Electric Cooperative and Roanoke Electric Membership Corporation are a landmark in our efforts to promote rural economic growth, while reducing greenhouse gases,” said Vilsack. “This program supports the President’s Climate Action Plan and reduces barriers to investment in energy efficiency, cutting business and residential energy use. This is an historic new bond in the partnership between USDA and our rural electric cooperatives.”

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