The U.S. Department of Agriculture (USDA) is providing $266 million in grants and loans to 50 Ohio businesses for renewable energy and energy efficiency projects. The funding is part of the Inflation Reduction Act and will help businesses lower their energy costs, generate new income, and strengthen their operations.
The projects supported by the funding include installing solar panels, wind turbines, and energy-efficient lighting. The funding will also help businesses make energy-efficiency improvements to their buildings, such as insulation and air sealing.
The USDA says that the funding will create jobs and boost the economy in rural Ohio. The agency also says that the projects will help reduce greenhouse gas emissions and improve air quality.
The largest grant in Ohio is $499,751 to Intermountain Electronics Inc. in South Point. The company plans to use the money to install a 399-kilowatt roof-mounted solar energy system. The system is expected to cover 100% of the company's energy consumption.
Another recipient of the funding is Martin Road Farm in North Benton. The farm will use $203,400 to install a solar energy system that is expected to offset all its energy costs.
The USDA says that the funding for renewable energy and energy efficiency projects is part of its commitment to helping rural communities. The agency says that the projects will help create jobs, boost the economy, and protect the environment.
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Categories: Ohio, Energy