SYRACUSE, N.Y., June 9, 2009 – The USDA Rural Development State Office is accepting grant and loan guarantee applications for renewable energy and energy efficiency projects.
Funded through the 2008 Farm Bill’s Renewable Energy for America Program (REAP), the loan guarantees, grants and loan guarantee-grant combinations are available to agricultural producers and rural small businesses. Eligible applicants may seek loan guarantees to cover up to 75 percent of a project’s cost, not to exceed $25 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. Eligible renewable energy projects include biomass, solar, wind, geothermal, hydropower and hydrogen. The program can also provide funding to conduct feasibility studies of proposed projects.
To assist applicants,
“Renewable energy and energy efficiency projects can help
Interested applicants are encouraged to contact Tom Hauryski at (607) 776-7398, ext. 4, or Scott Collins at (315) 477-6409, for more information. Application deadline is July 31, 2009
USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development fosters growth in homeownership, finances business development, and supports the creation of critical community and technology infrastructure. Further information is available by contacting the State Office at (315) 477-6400, or by visiting rural Development’s web site at http://www.rurdev.usda.gov/ny.