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2002 Farm Bi I I—W I llf� The amount of the payments depends on Energy Development �e size of the wind installation,the pro- duction of electriaty by that system,and Provisions the length of the contract period.Mainstay Renewable Energy Systems and offers 3-,5-,and 10-yeaz purchase rnn- Energy Efftciency Improvements �'acts.The longer rnntract periods provide greates incentive payments on a$/kWh Incentive Type:Low-interest loans,loan basis.Typical payments for wind,which guarantees,and grants are made quarterly,range from 0.2q/kWh Eligible Teclu►ologies:Renewable energy to 1.5Q/kWh. systems(energy derived from wind, .I.here is a$100 certification fee to et solar,biomass,geothermal,and hydra stazted with Mainsta Rewazds.However, gen derived from biomass or water {�e fee ma be azd with future n ta using a renewable energy source)and Y P S� S energy effiaency improvements. sales,and is generally waived for partici- Applicable Sectors:Agriculivre,rural Pants who opt for 10-yeaz rnntracts. small commacial 1'he requirem�ts are: Amoun�Varies.The grant may not exceed i. The system mnst be grid-connected; 25%of the mst of a project,and a com- 2, Net-metering by the utility does not bined grant and loan or guazantee may ��e system owner from selling not exceed 50%of the cost of a project. �e g��. Terms:2003-2007 3. The system owner must have tide to the Date E�cted:2002 �n tags or renewable energy credits. Authority:Fazm Bill,Tifle IX,Section 9006 '�ey cannot have been sold Summary:This law allows direct financial or transferred to any other entity; assistance to fazmers,ranchers,and rural 4. The system must be a new renewable, small businesses for the purchase of wind which,in most states,means pow- power and other renewabie energy sys- ered up on or after 1/1/1999.See the tems and for energy eftiaency improve- Mainstay Energy web site for ments.This program is authorized for eacceptions; fvnding for up to$23,000,000 per yeaz in 5. For any systems over 10 kW,the system 2003-2007,totaling up to$115 million.In generation must be metered sepazately. determining the amount of a grant or loan, For systems under 10 kW,sepazate i1SDA shall consider the type of renewable metering is not necessary.Paya►ents energy system,the quantity of energy likely are made based on estimated to be generated,the expected environa►en- production tal benefits,the extent to which the system Contack is replicable,and the amount of energy MainytaY ReN,azdg p�og�,am savings from energy efficiency improve- M��Y��, ments and the likely payback period. 161 E.Chicago Ave. USDA Rural Development State Office Suite 41B contacts can be found at www.rurdev. Chicago,lL 60611-2624 usda.gov/rbs/fazmbill/contacts.htm Phone:(877)473-3682 Fa�c(312)89fr1515 USDA Farm Bill Web site:www.rurdev. �M��Y�ergy.com usda.gov/rbs/fumbill/resourc.htm Website:hrip://mainstayenergy.com Green Tag Purchase Program Mainstay Energy is a private mmpany offering customers who install,or have installed,renewable energy systems the oppommity to sell the green tags(also known as renewable energy credits,or RECs)associated with the energy gener- ated by these systems.These green tags will be brought to mazket as Green-e* http://www.green-e.org or state certified products.Partiapating customers receive regulaz,recurring payments through the Mainstay Energy Rewazds Program.