7 U.S.C. § 940g - U.S. Code - Unannotated Title 7. Agriculture § 940g. Electric loans for renewable energy

(a)Definition of renewable energy source

In this section, the term “renewable energy source” means an energy conversion system fueled from a solar, wind, hydropower, biomass, or geothermal source of energy.

(b)Loans

In addition to any other funds or authorities otherwise made available under this chapter, the Secretary may make electric loans under this subchapter for electric generation from renewable energy resources for resale to rural and nonrural residents.

(c)Rate

The rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.