July 3rd, 2009
Rural energy grant deadline approaches: Aids renewable energy technology investments
I’m not sure how many farmers and ranchers read these posts, but certainly I can claim some rural business owners among my readers. So, if you are in a rural area of the United States AND you are a small business with fewer than 15 employees, you have until July 31, 2009, to apply for the USDA Rural Energy for America Program (REAP).
The grants can be used to cover 25 percent of the total installed cost of a small wind turbine system, or another renewable energy system for that matter. They can be used in conjunction with the Federal Investment Tax Credit that applies to renewable energy technology investments. Caution, in the information I’m reading about this program, it could take up to two weeks to pull together an application, so you probably don’t want to wait until July 30 to start filling this out.
Some marketing folks aligned with the American Wind Energy Association were the ones that brought this to my attention, so it shouldn’t surprise you to hear that you can visit their web site for more information about wind turbine installations in general, including examples of operating expense reductions that this technology can help a company realize.
Heather Clancy is an award-winning business journalist in the New York area with more than 20 years experience covering the high-tech industry. See her full profile and disclosure of her industry affiliations. See her full profile and disclosure of her industry affiliations.
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