The U.S. Department of Agriculture has proposed a series of changes to make it easier for agricultural producers and rural small businesses to apply for renewable energy and energy efficiency funding.
“These changes are intended to help agricultural producers and rural small businesses throughout America,” Agriculture Secretary Tom Vilsack said. “They will streamline and simplify the application process and give businesses more time to do what they do best: innovate, create jobs and serve their rural communities.”
The proposed changes would affect applications for loans and grants through USDA Rural Development’s Rural Energy for America Program (REAP). They would:
- Reduce paperwork, especially for projects under $80,000;
- Implement a more objective and uniform system to score applications;
- Authorize funding for refurbished and retrofitted renewable energy systems;
- Reduce certain reporting requirements; and
- Establish a quarterly application period for applicants seeking only guaranteed loans. This change is intended to make the program more appealing to lenders and to ensure that funds are available year-round.
USDA is accepting comments on the proposed rule through June 11, 2013. For details on how to submit comments, or for additional information, see Page 22044 of the April 12 Federal Register.