arrow_back Back to App

Increased Grants and Loans for Rural Renewable Energy and Efficiency Projects.

This law significantly boosts financial aid for rural small businesses and farmers investing in renewable energy and energy efficiency improvements. The maximum grant coverage increases from 25% to 50% of project costs, rising to 75% for beginning and underserved farmers. These changes aim to accelerate carbon footprint reduction and enhance energy security in rural areas.
Key points
Maximum grants for energy projects for farmers and small businesses increase from 25% to 50% of project costs, and up to 75% for beginning or underserved farmers.
Loan guarantees are significantly improved (up to 90% for loans under $1 million), and authorized program funding will reach $300 million annually by 2028.
The program is simplified from three tiers to two, and its purpose explicitly includes reducing the carbon footprint of agricultural producers and rural small businesses.
New regional demonstration projects are mandated to incentivize maximum carbon equivalent emissions reduction.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_3378
Sponsor: Sen. Welch, Peter [D-VT]
Process start date: 2023-11-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Rural Energy Equity Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3378.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-30.

What are the main provisions?

Key points include:

  • Maximum grants for energy projects for farmers and small businesses increase from 25% to 50% of project costs, and up to 75% for beginning or underserved farmers.
  • Loan guarantees are significantly improved (up to 90% for loans under $1 million), and authorized program funding will reach $300 million annually by 2028.
  • The program is simplified from three tiers to two, and its purpose explicitly includes reducing the carbon footprint of agricultural producers and rural small businesses.
  • New regional demonstration projects are mandated to incentivize maximum carbon equivalent emissions reduction.
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.

CATEGORIES

Agriculture Environment Economy