Energy efficiency awards are thinly sliced for Oklahoma
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By Jim Stafford
Published: August 29, 2008
Oklahomans claimed a thin slice of a $35 million pie in renewable energy and energy efficiency grant awards announced Thursday by the U.S. Agriculture Department.
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What the grants cover
The grants awards can pay for up to 25 percent of an energy efficiency or renewable energy project cost. As for loans, the agency will guarantee 80 percent of a participant's loan from a private lender.
Of the total awards announced Thursday, $27.5 million was in grants and $7.4 million for guaranteed loans.
"These projects are good for business, good for the economy, good for jobs and they help secure more self-sufficient energy resources for our country,” Schafer said in announcing the awards.
State rural development officials are scheduling informational meetings about the program for this fall, Kissling said.
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