Today, the House approved a bill that would allow rural public utilities and electric cooperatives to help their customers finance energy efficiency retrofits.
Under the "Rural Star" legislation, the U.S. Department of Agriculture would make zero-interest loans to rural utilities*, who would in turn make loans to qualified customers at rates not to exceed 3 percent. The loans would be repaid over 10 years via a charge on the customers' utility bills, not to exceed the anticipated monthly energy savings.