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Funding Opportunities for Renewable Energy Projects

This presentation discusses the various funding programs offered by USDA Rural Development for renewable energy projects. It covers the eligibility criteria, types of projects supported, and the application process. Topics include energy efficiency projects, renewable energy systems, and funding options such as grants and loan guarantees.

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Funding Opportunities for Renewable Energy Projects

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  1. “Funding Opportunities for Renewable Energy Projects” Deb Yocum Renewable Energy Coordinator Nebraska Wind Energy Conference November 12, 2008 Kearney, NE

  2. Topics • Who is Rural Development? • What do we have to offer? • How do you take advantage of our Programs?

  3. USDA Rural Development’s Mission • Increase economic opportunity • Create and maintain jobs • Enhance quality of life in our rural communities

  4. Building Your Community From the Ground Up • Business–growth and establishment of local businesses and cooperatives • Community Facilities – programs and technical assistance for schools, health clinics and emergency response facilities • Utilities- assisting rural communities to improve water, energy, telecommunications and broadband services • Housing–homeownership and development of affordable rental housing

  5. Team RD • Access to one-on-one assistance • Local subject matter experts • Teaming up with you NorfolkArea Office Boyd Keya Paha Dawes Knox Cedar Dixon Sheridan Sioux Dakota Pierce Cherry Holt Box Butte Wayne Thurston Brown Rock Antelope Stanton Cuming Madison Burt Grant Hooker Thomas Blaine Loup Garfield Wheeler Scotts Bluff Morrill Garden Boone Dodge Platte Banner Washington Colfax Logan Valley Greeley McPherson Arthur Custer Nance Douglas Butler Kimball Howard Saunders Lincoln Area Office Keith Sherman Polk Sarpy Merrick Cheyenne Deuel Lincoln Cass Buffalo Perkins Dawson Hall York Seward Hamilton Scottsbluff Area Office Otoe Lancaster Adams Saline Phelps Chase Hayes Frontier Clay Fillmore Gosper Kearney Nemaha Johnson Gage Webster Thayer Red Willow Harlan Dundy Richardson Nuckolls Pawnee Jefferson Hitchcock Franklin Furnas North PlatteSub-Area Office AinsworthSub-Area Office State Office Lincoln KearneyArea Office

  6. Food, Conservation and Energy Act of 2008Title IV (Energy Title) • Repowering Assistance (Section 9004) • Biomass Research & Development(Section 9008) • Biorefinery Assistance (Section 9003) • Bioenergy Program for Advanced Biofuels(Section 9005) • Rural Energy For America Program(Section 9007)

  7. “Rural Energy for America Program”(REAP)Section 9007 • Designed to assist agricultural producers and rural small businesses with energy projects • Energy efficiency projects • Renewable energy projects • Funding for loan guarantees and grants

  8. Project EligibilitySection 9007 – REAP • Pre-commercial or commercially available and replicable technology • Technically feasible • Financially/Economically feasible • Applicant must be the owner and control project components • Only POST-application projects are eligible

  9. Renewable Energy Systems Energy Efficiency Improvements Solar Motor Upgrades Bio-Energy Cooler Upgrades Anerobic Digesters Wind Renewable Biomass Irrigation Window & Door Upgrades

  10. Project FundingSection 9007 – REAP • Loan Guarantees • Grants • Loan Guarantee/Grant Combinations

  11. Loan GuaranteesSection 9007 – REAP

  12. GrantsSection 9007 – REAP

  13. Loan Guarantee/Grant “Combination” Section 9007 – REAP

  14. How to ApplySection 9007 – REAP Teamwork is key! • Contact RD to determine project eligibility • Energy audit-efficiency projects • Energy output/feasibility data-renewable projects • Contact lender about loan guarantee • Guaranteed loan application • Grant application • Submit to RD

  15. Business & Industry Loan Guarantee (B&I)

  16. Business & Industry Guaranteed Loan (B&I) • $1.5 Billion Program Nationally • $7.5 Million In-State Approval Authority • Streamlined Process – Applications Less than $600,000 • Direct one-on-one assistance • Quick Response Time

  17. Existing Businesses Start-up Businesses Transfer of Ownership Service Industry Retail Industry Manufacturing Bio-Energy Hotels Agri-businesses

  18. Thank-you! “USDA is an equal opportunity provider, employer and lender.” To file a complaint of discrimination write USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, DC 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).

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