South Carolina electric cooperatives are receiving a $13 million federal loan to help make consumer-members’ homes more energy efficient.
The seven co-ops are the first in the nation to receive the money through the USDA Rural Energy Savings Loan Program.
U.S. Rep. James Clyburn, D-SC, created and introduced RESP to Congress in 2010, and managed to get funding for it included in the 2014 Farm Bill. Clyburn said he got the idea for the program from the cooperatives’ Help my House program, which helps customers and homeowners weatherize their homes to make them more energy-efficient.
Clyburn represents South Carolina’s Sixth Congressional District. He said the weatherization funding will enable up to 1,300 more homes to be retrofitted, allowing their owners to pay for the upgrades through a zero-interest loan that can be repaid with money saved on their power bills. [Read more…]