USDA Small Wind Turbine Grants Cover 25% of All Costs - Applications due July 31,...

USDA Small Wind Turbine Grants Cover 25% of All Costs - Applications due July
31, 2009

BOULDER, Colo., July 7 /PRNewswire/ -- Farmers, ranchers and rural business
owners have until July 31, 2009 to apply for the USDA Rural Energy for America
Program (REAP) grants. The grants provide funds to purchase and install small
wind turbines (or other renewable energy systems). Farmers, ranchers and
rural business owners are eligible for grants to cover 25% of the total
installed cost of the small wind turbine system. These USDA grants, when used
in conjunction with the Federal Investment Tax Credit (ITC), can help a farmer
install a small wind turbine system for roughly 50% of the normal cost.

These incentives, when coupled with the cost savings realized from producing
one's own electricity, can result in impressive investment prospects. For
example, according to David Shirkey of Renewable Options & Investments (ROI),
in locations with 11 mph average wind speeds and with utility rates of $0.12
per kWh, a farmer could realize a 12% annual rate of return on her investment
and a payback of 8 years.

The incentive package may even be more attractive in certain locations where
the local utility cooperative (or rural electric association) offers a rebate
to its members. In these cases, farmers may realize an even greater return on
investment and a shorter term payback.

The grant program is designed to assist farmers and ranchers who gain 50% or
more of their gross income from agricultural operations. Rural small
businesses with less than 15 employees are also eligible. The American Wind
Energy Association (AWEA) offers examples of farmers and small business owners
who have successfully installed small wind turbine systems on their property.

It is important to note that the applications must be submitted to local USDA
Rural Development offices by July 31, 2009. It may take up to 2 weeks for a
farmer to fully complete an application thus it is recommended to begin the
process as soon as possible.

For more information:
-- Renewable Options & Investments (david@renewable-roi.com,
517-812-3285)
-- USDA Rural Development Offices
(http://www.rurdev.usda.gov/scrty/sdirs.html)
-- Database of State Incentives for Renewable Energy (DSIRE)
(www.dsireusa.org)

-- American Wind Energy Association (AWEA) (www.awea.org)

About Renewable Options & Investments, LLC (ROI)

Renewable Options & Investments, LLC (ROI) is a sales and marketing
organization that represents renewable energy products with an initial focus
on "small" wind turbines. ROI can help farmers, ranchers and rural business
owners apply for and earn the USDA REAP grants. ROI has offices in Michigan
and Colorado along with installation partners located strategically throughout
the United States.

If you would like more information about this topic, or to schedule an
interview with David Shirkey, please contact David Shirkey at 517-812-3285 or
e-mail David at david@renewable-roi.com

SOURCE Renewable Options & Investments, LLC

David Shirkey, Renewable Options & Investments, LLC, +1-517-812-3285,
david@renewable-roi.com