WASHINGTON — The U.S. Department of Agriculture will begin to administer two loan and grant programs worth nearly $11 billion to boost clean energy systems in rural areas, administration officials said Tuesday.
The money is meant not only to address the climate impacts of fossil fuel energy and reduce home energy costs, but to act as an economic engine for rural areas, Zaidi said. Rural electric cooperatives are eligible for the New ERA program. Up to 25% of the funding in that program can be in the form of direct grants. Utilities can use the money to build renewable energy systems, zero-emission systems and carbon capture facilities, according to the department release.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: