---
kind: "section"
citation: "7 U.S.C. § 940g"
title: "7"
title_heading: "Agriculture"
number: "940g"
heading: "Electric loans for renewable energy"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/7/940g"
units:
  - "Chapter 31 — Rural Electrification and Telephone Service"
  - "Subchapter III — Rural Electric and Telephone Direct Loan Programs"
---

# §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](/usc/7/913.md?p=5) 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.

## Source credit

(May 20, 1936, ch. 432, title III, § 317, as added Pub. L. 110–234, title VI, § 6108, May 22, 2008, 122 Stat. 1198, and Pub. L. 110–246, § 4(a), title VI, § 6108, June 18, 2008, 122 Stat. 1664, 1959.)

## Notes

### Editorial Notes

### Codification

Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.

### Statutory Notes and Related Subsidiaries

### Effective Date

Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.