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; 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; for geothermal systems or wind energy generation or distribution projects up to $1 million; for planning and feasibility studies up to 50 percent of the total cost of the planning project or $175,000, whichever is less. (Click here for more)
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