Jul 20 - McClatchy-Tribune Regional News - Albuquerque Journal, N.M.


Time is running out for farmers, ranchers and rural small businesses to seek funding from the U.S. Department of Agriculture to finance renewable energy or energy efficiency projects. The application deadline is Friday, July 31st.

The Rural Energy for America Program (REAP) program, was created by Congress to make available grants and loan money as part of the 2008 Farm Bill. Farmers, ranchers and rural small businesses can apply to USDA Rural Development for government-guaranteed loans to cover 75 percent of a project's cost, up to $25 million.

Grants are available to cover 25 percent of a project's cost, up to $500,000 for renewable energy projects and up to $250,000 for energy efficiency projects.

Most rural projects that reduce energy use and result in savings for the agricultural producer or small business are eligible as energy efficiency projects. These include projects such as retrofitting lighting or insulation, or purchasing or replacing equipment with more efficient units. Eligible renewable energy projects include projects that produce energy from wind, solar, biomass, geothermal, hydro power and hydrogen-based sources. The projects can produce any form of energy including, heat, electricity, or fuel.

All agricultural producers, including farmers and ranchers, who gain 50 percent or more of their gross income from the agricultural operations are eligible. Small businesses that are located in a rural area can also apply. Rural electric cooperatives may also be eligible to apply.

Applicants should visit ww.rurdev.usda.gov/rbs/ busp/9006grant.htm or contact Jesse Bopp at (505) 761-4952 or by e-mail at jesse. bopp@nm.usda.gov.

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