FARM BILL TO BUILD RURAL NEW ENERGY

U.S. House Passes Farm Bill With Renewable Energy Provisions Intact

Michael Puttre, 30 January 2014 (Solar Industry)

“…[T]he Federal Agriculture Reform and Risk Management Act of 2013 - popularly known as the farm bill - passed the U.S. House of Representatives…[It included] $881 million in…the Rural Energy for America Program (REAP), which offers grants and loans to rural businesses and agricultural producers for…[solar, small wind, biofuel, and other renewable energy and energy efficiency] systems…The REAP provisions, described under Title IX, specify that $45 million be allocated in each fiscal year from 2014 through 2018…Applications for REAP funding are to be evaluated under the three-tiered approach, representing projects costing $80,000 or less, those over $80,000 but less than $200,000, and those costing $200,000 or more…” click here for more

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