USDA ANNOUNCES AVAILABILITY OF ENERGY EFFICIENCY, RENEWABLE ENERGY LOANS, GRANTS

Wednesday, March 21, 2007 - 7:00am

U.S. Department of Agriculture (USDA) Secretary Mike Johanns today announced the availability of $176.5 million in loan guarantees and $11.4 million in grants to support investments in renewable energy and energy efficiency improvements by agricultural producers and small businesses. The USDA's Renewable Energy and Energy Efficiency loan and grant program provides loan guarantees and grants to agricultural producers and rural small businesses for the purchase and installation of renewable energy systems or for energy efficiency improvements. Loan guarantees cover up to 50 percent of a project's cost, not to exceed $10 million. Grants are available for up to 25 percent of a project's cost, not to exceed $250,000 for energy efficiency improvements and $500,000 for renewable energy systems.