US: Simplified application process for renewable energy funding

The US 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. 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;
* 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, http://www.gpo.gov/fdsys/pkg/FR-2013-04-12/pdf/2013-07273.pdf.