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Expanding Rural Renewable Energy Systems

Expanding Rural Renewable Energy Systems. USDA Rural Development. Partnering for America’s Future. USDA – Rural Development Farm Service Agency Natural Resources and Conversation Service. Department of Energy. Environmental Protection Agency.

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Expanding Rural Renewable Energy Systems

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  1. Expanding Rural Renewable Energy Systems USDA Rural Development

  2. Partnering for America’s Future • USDA – • Rural Development • Farm Service Agency • Natural Resources and Conversation Service Department of Energy Environmental Protection Agency

  3. The Farm Security and Rural Investment Act of 2002 • Public Law 107-171 • Section 9006 –Renewable Energy Systems and Energy Efficiency Improvements

  4. Public Law 107-171 Section 9006 - - Establishes a grant, loan, and loan guarantee program to assist eligible farmers, ranchers, and rural small businesses in purchasing renewable energy systems and for making energy efficiency improvements.

  5. Funding Availability Fiscal Years 2003-2007 $23 Million per year

  6. General Provisions • Grant amount not to exceed 25 percent of activity funded. • Combined loan/grant not to exceed 50 percent of cost of activity funded.

  7. To be considered when making renewable energy system loans/grants • Type of system to be purchased • Estimated quantity of energy to be generated • Environmental benefits of system • Extent of system replication • Expected energy savings • Estimated length of Time for energy savings to equal cost

  8. Questions for Today’s Meeting • What projects should be eligible for funding? • Should certain types of projects receive priority for funding? • Should preference be given to new, innovative technologies or proven technologies? • What type of financial assistance is most in need (i.e., grants, direct loans, or loan guarantees)?

  9. Questions for Today’s Meeting • What other factors, if any, should the Department consider in determining the amount of grant or loan? • Should certain types of projects or geographic areas be targeted and given preference for financial assistance? • What are various sources of program matching funds (i.e., other Federal, State, local, or private programs)?

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