WASHINGTON, D.C. ― Agriculture Secretary Tom Vilsack announced Thursday that USDA is investing more than $6.7 million in 544 renewable energy and energy efficiency projects nationwide.
Secretary Vilsack made the announcement during a visit to the Snake River Brewing Company, in Jackson, Wyo. The company received a $14,000 USDA Rural Development Rural Energy for America Program (REAP) grant to install a solar panel to generate energy for their business.
“These grants will help farmers, ranchers and small business owners use more renewable energy, which cuts carbon pollution, reduces our dependence on foreign oil, saves businesses money on their energy bills and creates American jobs,” Vilsack said. “All of these are crucial components to developing healthier, more economically vibrant rural communities.”
New Mexico Rural Development State Director Terry Brunner agreed with Secretary Vilsack commenting, “The projects approved here in New Mexico will help businesses become more competitive through energy savings. They’ll save on their bottom line and that helps New Mexico’s economy.”
The REAP program pays for twenty-five percent of the cost to build the solar power project. Altogether the 15 projects here in New Mexico will receive over a $158.998 in grant funds which will offset the cost to construct these projects.
REAP was created by the 2008 Farm Bill and was reauthorized by the 2014 Farm Bill. REAP funding has helped farmers expand renewable energy use in recent years. The new Census of Agriculture shows the number of farms utilizing renewable energy production has doubled in the last five years.
Since 2009, USDA has awarded $545 million to support more than 8,800 REAP projects nationwide. This includes $361 million in grants and loans for almost 2,900 renewable energy systems. For the remaining 5,900 projects, USDA provided $184 million to help rural small businesses and agricultural producers make energy efficiency improvements such as lighting; heating, ventilation and cooling; irrigation; insulation and motor replacements. When fully operational, these projects are estimated to generate and save 7.3 billion kilowatt hours of electricity annually―enough to power more than 660,000 homes for a year.
Eligible agricultural producers and rural small businesses may use REAP funds to make energy efficiency improvements or install renewable energy systems, including solar, wind, renewable biomass (including anaerobic digesters), small hydroelectric, ocean energy, hydrogen and geothermal.
The awards announced today are contingent upon the recipients meeting the terms of the grant agreement.
President Obama’s historic investments in rural America have made our rural communities stronger. Under his leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way―strengthening America’s economy, small towns and rural communities.