Focus on Energy: Renewable Energy Loan Program
For new renewable installations, customers in participating utility territories in Wisconsin may apply for a low-interest loan offered in partnership with a private lender, designated by the customer. Focus on Energy provides half (or less) of loan funds for qualified renewable energy projects at 0% interest, and the private lender provides half (or more) of loan funds at market rates. No minimum loan amount requirement. Loans will be disbursed on a first-come, first-served basis to technically and financially sound projects determined by the financial institution, in partnership with the customers’ designated lender.Visit the Residential Renewable Energy page
for more information on the standard incentive offerings for solar electric, geothermal installations and other renewable technologies.
The Wisconsin State Energy Office
The Redmond Report
– The State Energy Office’s most current list of funding opportunities in Wisconsin
BCAP provides up to $25 million each year in financial assistance to owners and operators of agricultural and non-industrial private forest land who wish to establish, produce, and deliver biomass feedstocks to a qualifying energy facility. The rule includes modifications to cost sharing, eligible types of biomass and other definitions. Stakeholders are encouraged to visit www.regulations.gov
to review program details and provide comments during a 60-day public comment period. Comments are due by April 28, 2015. The full program will resume in 90 days on May 28, 2015. Additional information on application dates will be announced this spring.
For more information on BCAP, visit USDA’s Farm Service Agency website, or learn more general information about the Farm Service Agency
Federal Tax Incentive for Combined Heat and Power Projects
The Tax Incentives Assistance Project (TIAP) provides guidance for CHP project developers to reduce the cost of a project through certain tax incentives. From the website: A 10% investment tax credit for CHP property, applicable to only the first 15MW of CHP property is available. Owners of systems smaller than 50 MW may take advantage of this tax credit, and their systems must be placed into service between October 3, 2008 and January 1, 2017. Please follow this link
for more information from TIAP about this incentive.
Rural Energy for America Program (REAP)
For rural businesses as defined by USDA Rural Development. They offer grant and/or loan guarantees for energy efficiency all energy sources and renewable energy projects. Grant can cover up to 25% of project costs from a minimum grant of $1500 to $250,000 for energy efficiency to $2500 to $500,000 for renewable energy projects. This is a competitive grant process with request for proposals typically once per year. There is a bonus pool for grant of less than $20,000. Guaranteed loans can be up to 75% of project costs and applications are accepted continuously. Minimum loan is $5000 up to a maximum of $25 million. Transportation or field equipment is not eligible. REAP grants can be used in addition to state or utility energy grants.
For additional information:
|REAP Notice of Funding Announcement – Federal Register
Is an outreach effort by the Environmental Law & Policy Center. They have templates, resources and FAQ for answering questions and developing a REAP application under the “Application Tools” tab. www.farmenergy.org