USDA Rural Development: Entities in Cortez Colorado Receive Investment from Trump Administration for Solar Energy
$110k Investment will help with Energy Depedance and Energy Cost Savings
DENVER, CO – September 9, 2020 – The Trump Administration announced that the United States Department of Agriculture (USDA) is investing $109,264 to help lower energy costs for small businesses and agricultural producers in Cortez, Colorado.
“Four entities have received grant funding to help decrease the demand for energy and to help reduce energy costs for small businesses and agricultural producers,” said USDA Rural Development Colorado State Director Clark. “The investments made in Cortez will be equivalent to offsetting the annual electrical usage of 54 homes,” said Clark.
The projects announced today are:
- Mountain Mesa, Inc., received a $16,240 grant to install an 8.96 kW solar PV system located at two sites that that will produce 35,106 kWh annually to be sold through a power purchase agreement to the Cortez Animal Shelter and the Community Golf and Park system. This project will provide 98% of these rural area support services current electrical usage and create an estimated $4,300 in annual revenue for this rural small business.
- Solar Power Partners, LLC, received a $43,143 grant to install a 78 kW solar PV system that will produce 155,413 kWh annually. The electricity from this project will be sold through a long-term Power Purchase Agreement (PPA) and generate an estimated $16,600 annually for the business.
- Shaw Creek. LLC, received a $67,890 grant to install a 124 kW solar PV system that will produce 235,525 kWh annually. The electricity from this project will be sold through a long term PPA and generate an estimated $27,800 annually for the business.
- Solar Garden Partners 1, LLP received a $49,881 grant to install a 88.2 kW solar PV system that will produce 139,979 kWh annually. The electricity from this project will be sold through a long term PPA and will generate an estimated $16,300 annually for this business.
The REAP program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. Applications for the next round of funding are currently being accepted.
Applications for Grants of $20,000 or less and Loan/Grant of $20,000 or less combinations are due by November 2, 2020. For additional information on this program in Colorado, contact Don Nunn, email@example.com.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities and high-speed internet access in rural areas. For more information in Colorado, visit http://www.rd.usda.gov/co.