Repowering Assistance Program – Financing    

     
Assistance can be awarded in amounts up to 50 percent of the total project costs as long as it does not exceed the maximum award for the fiscal year.

Payment structure

The program will provide reimbursement payments (not more frequently than once per month) for eligible project costs of the renewable biomass system during the construction phase of the repowering project.

Up to 90 percent of the funds can be utilized during project construction, with the remaining 10 percent made upon demonstration of successful completion of the project.