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USDA INVITES APPLICATIONS FOR RENEWABLE ENERGY LOANS, GRANTS

Monday, March 17, 2008 - 2:30AM

The U.S. Department of Agriculture (USDA) will accept $220.9 million in loan and grant applications within its Renewable Energy Systems and Energy Efficiency Improvements Program. Loan guarantees and grants are available to agricultural producers and rural small businesses to purchase and install renewable energy systems or to make energy efficiency improvements. Eligible applicants may seek loan guarantees to cover as much as 50 percent of a project's cost, not to exceed $10 million. Grants are available for as much as 25 percent of a project's cost, not to exceed $250,000 for energy efficiency improvements and $500,000 for renewable energy systems. USDA Rural Development has invested $674 million in more than 1,763 renewable energy and energy efficiency projects since 2001. These investments include ethanol, biodiesel, wind, solar, geothermal, methane gas recovery systems and biomass.


Join Novogradac & Company LLP at the Financing Renewable Energy Conference May 1-2 in San Francisco to learn how to combine grants and other subsidies with renewable energy tax credits.

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