Biomass Energy Program
| Eligible States | AL |
| Type | Loan |
| Area of Interest | Renewable Energy |
| Description |
The Biomass Energy Program assists businesses in installing biomass energy systems. Program participants receive up to $75,000 in interest subsidy payments to help defray the interest expense on loans to install approved biomass projects. Technical assistance is also available through the program. Interested parties must obtain loans from commercial lending institutions and submit repayment data to Alabama Department of Economic and Community Affairs for interest payment assistance. Loan interest repayment is capped at 2 percent above the prime rate. |
| Eligible Organizations | Livestock Producer, Commercial/Industrial Business, Small Business, Local Government |
| How to Apply | Applications are available from the Department's website. |
| For More Information | http://www.alabamabiomassprogram.com/  |
| Primary Contact | Heather Goggin Alabama Department of Economic and Community Affairs Energy, Weatherization and Technology Division P.O. Box 5690 401 Adams Avenue Montgomery, AL 36103 (334) 242-5330 heather.goggin@adeca.alabama.gov |