Monday, July 28, 2014

Green Construction Loans are Essential for Building Green Energy Projects

Imagine getting a Reimbursable grant of  93% of the Capital cost and still unable to build the farm Anaerobic Digester system to treat waste and make green power. Unfortunately this is a reality in New York State.

Most of the lenders do not understand Digesters and have no risk tolerance for such technology when the grant is offered as collateral. So how do you get a construction loan? Where to go? These are the challenges why so many farmers who have the manure disposal problems can not take advantage of the Grants.

It looks like the Federal USDA is listening to these issues and establishing a large loan fund that can be used for building the system with 70% loan amount against 30% local loan and equity. This potential "USDA - REAP renewable energy funding assistance program"  could be extremely beneficial and capable of creating a wave of economic development across Rural America.

Let us hope this succeeds and soon rural communities and small businesses will be able to gain Energy Independence by building their own Green power generation systems.

Infrastructure investments by the federal Govt. in our communities are essential to replace war funding and create jobs back home so returning Vets can have a job making green energy.

Better days may be ahead for energy Independence at the rural Farms and communities.

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