The USDA Rural Development State Office is accepting grant and loan applications for renewable energy and energy efficiency projects.
The money is from the 2008 Farm Bill’s Renewable Energy for America Program (REAP). The loan guarantee, grants and loan guarantee combinations are available for producers and small rural businesses.
The kinds of projects that are eligible for the loans and grants are biomass, solar, wind, geothermal, hydropower and hydrogen energy projects. Funding will be available for feasibility studies for proposed projects.
The loans can cover up to 75 percent of a project’s cost but cannot exceed $25 million. Grants are available for up to 25 percent of a project’s cost and cannot exceed $250,000 for energy efficiency projects or $500,000 for renewable energy systems.
“Renewable energy and energy efficiency projects can help New York farmers and rural small businesses reduce energy costs while contributing to our nation’s energy security and environment well-being,” Scott Collins of the USDA Rural Development in New York said.
Applications must be received by July 31 and should be sent to:
USDA Rural Development State Office
Attn: Scott Collins
441 S. Salina St.
Syracuse, N.Y. 13202
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