Apply Now For Geothermal, Wind Energy Project Grants And Loans
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The Commonwealth Finance Agency this week approved guidelines to provide $25 million in grants and loans for geothermal and wind energy projects.
There is no set deadline to apply, but ASAP is always recommended.
Several types of assistance are available--
-- Loans for component manufacturers of renewable energy generation equipment up to $35,000 for every new job created;
-- Loans for geothermal systems or wind energy generation or distribution projects shall not exceed $5 million;
-- Grants for component manufacturers of renewable energy generation equipment up to $5,000 for every new job created;
-- Grants for geothermal systems or wind energy generation or distribution projects up to $1 million;
-- Grants for planning and feasibility studies up to 50 percent of the total cost of the planning project or $175,000, whichever is less; and
-- Guarantees: Grants shall not exceed $5 million and have a term of not more than five years. In the event of a default, the grant will pay up to 75 percent of the deficiency.
More information and to apply online, visit the Geothermal and Wind Energy Projects webpage.
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1/16/2009 |
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