Rural Energy Savings Act

This bill amends an existing energy efficiency program to expand access to loans and grants for rural clean energy projects. It adds Indian Tribes and "green banks" (nonprofits using innovative financing for clean energy) as eligible entities, clarifies that energy efficiency measures include renewable systems and appliance replacements, and removes the requirement that borrowers must live in rural areas. The bill also increases grant funding for projects in persistent poverty counties to 10% of loan amounts and extends loan terms to match the useful life of energy systems. These changes aim to accelerate clean energy adoption in underserved communities by broadening program eligibility and streamlining financial support.