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Longer Loans and Grants for Rural Energy Efficiency and Clean Power.

This Act expands the Rural Energy Savings Program, making it easier for citizens to finance home energy upgrades. It introduces longer loan terms (up to 20 years) for installing renewable energy systems, energy storage, and replacing inefficient manufactured homes or appliances. The program's reach is broadened by including "green banks" and extending eligibility to consumers outside strictly rural areas.
Key points
Citizens can access loans with repayment terms up to 20 years for energy efficiency improvements, including solar power and battery storage.
The program is expanded to include Indian Tribes and "green banks," increasing the availability of financing options.
New grants are provided to lending entities to cover administrative costs, especially benefiting consumers in persistent poverty counties.
The program's funding authorization is extended for ten years, until 2033.
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Additional Information
Print number: 118_S_1821
Sponsor: Sen. Welch, Peter [D-VT]
Process start date: 2023-06-06
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Rural Energy Savings Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1821.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-06.

What are the main provisions?

Key points include:

  • Citizens can access loans with repayment terms up to 20 years for energy efficiency improvements, including solar power and battery storage.
  • The program is expanded to include Indian Tribes and "green banks," increasing the availability of financing options.
  • New grants are provided to lending entities to cover administrative costs, especially benefiting consumers in persistent poverty counties.
  • The program's funding authorization is extended for ten years, until 2033.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Welch, Peter [D-VT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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Environment Agriculture Public Investments