Grants for Alternative Energy

Fossil fuel is a finite source of energy. We know that it will eventually run out. Each barrel of crude oil we extract from the ground will never be replaced; it is non-renewable. There will come a time, perhaps unimaginable now, that the world will have to stop using oil because none will be available and all cars that use current internal combustion technology will cease operations and will have to be consigned to the junk yard. The time is just right for us to discover and develop alternative energy sources so that we can extend the life of our fossil fuel reserves, and make sure that when they run out, we have reliable, constant, and clean energy. They will not be called alternative anymore because they will be our main source of energy. It is also right that grants for alternative energy be given by the government to help stimulate research and development of such sources of energy.

There are several existing alternative energy sources today and there are plenty more that show great potential. Each one has its own pros and cons but the most important factor that makes all alternative energy sources good is that they produce less or none of the negative consequences usually associated with fossil fuels such as pollution and degenerative diseases.

US Department of Energy (DOE) Grants For Alternative Energy

The US Department of Energy (DOE) awards grants for alternative energy. Through the DOE Organization Act of 1977 and the American Recovery and Reinvestment Act (ARRA) of 2009, the Renewable Energy Research and Development program was created to provide financial assistance for the research and development projects in different alternative energy technology such as solar, hydrogen, biomass, wind and hydropower, geothermal, and fuel cells with related infrastructure. Eligible applicants for this program include universities, for profit and nonprofit organizations, state and local agencies. The amount of grant varies according to the project of the entity conducting it. More information about this program can be obtained from the following address:

Department of Energy
1000 Independence Ave., SW
Washington, District of Columbia 20585
Telephone: (202) 586-3835.
Website: http://www.eere.doe.gov

Rural Energy Development Project Grants

Other government agencies that provide grants for alternative energy sources are the US Department of Treasury, which gives financial assistance to agricultural, industrial and commercial enterprises for installing specific types of alternative energy systems; the US Department of Agriculture, which through the Rural Energy Development Project, gives grants to rural business owners, farmers and ranchers that use available alternative energy technology for their operations. They can provide up to $500,000 for renewable energy systems and up to $250,000 for improving energy efficiency.

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