Last week, USDA officials announced the latest round of Rural Energy for American Program (REAP) funding. This is part of the Obama administration's emphasis on renewable energy. REAP provides loan guarantees and grants to producers and small businesses to install energy efficient energy systems.Judy Canales, USDA Business Program Administrator, stated that, "within these systems, we include projects that generate energy from wind, the sun, biomass, geo-thermal sources or others that produce hydrogen from biomass or water using renewable energy. Awards are made on a national, competitive basis for the purchase of renewable systems and to make energy efficiency improvements. REAP also funds energy audits and feasibility studies."
Canales also stated that the USDA, "anticipates about 1,900 REAP (project) announcements this year." "In Fiscal Year 2010, USDA Rural Development awarded 2,400 REAP loans and grants totaling $159 million. The Obama administration is committed to reducing our nation's use of fossil fuels and to protect our environment. (REAP) helps us meet these important goals."
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Posted 9/20/2011
