Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI sets rules for mutual fund intraday borrowing, shields investors from costs
    • Sebi issues guidelines for mutual funds on intraday borrowing
    • Best flexi cap mutual funds to invest in March 2026
    • 4 Top-Performing Multisector Bond Funds
    • Global equity funds see highest outflows since December on oil shock fears
    • 5 High-Yield Investments That Are Considered Safe
    • Comparing Impacts on ETFs from Ukraine and Iran Conflicts
    • Arbitrage funds: Investors in higher tax bracket may invest for 6-12 months | Personal Finance
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»Maine Businesses Receive $4.3 Million in Federal Funding for “Clean Energy Investments”
    Investments

    Maine Businesses Receive $4.3 Million in Federal Funding for “Clean Energy Investments”

    July 28, 2024


    U.S. Secretary of Agriculture Tom Vilsack announced Friday that Maine will be receiving a total of $4.3 million in federal funding to make “clean energy investments,” primarily in the form of solar panels.

    Comprising this funding are more than forty separate grants to businesses and one nearly $2 million loan to West Gardiner SPV for a ground-mounted solar project.

    These awards come through the Rural Energy for America Program (REAP), which is funded by the Inflation Reduction Act.

    According to the United States Department of Energy (DOE), the Inflation Reduction Act made “the single largest investment in climate and energy in American history, enabling America to tackle the climate crisis, advancing environmental justice, securing America’s position as a world leader in domestic clean energy manufacturing.”

    REAP is designed to provide “grants and loans to agriculture producers and rural small businesses to help them make energy efficiency improvements and install renewable systems that save money and are more environmentally friendly.”

    Click Here for a Complete List of Awards

    “This investment from the Biden-Harris Administration will help Maine farms and small businesses install renewable energy systems that will save them money and protect our environment – a win-win,” said Gov. Janet Mills (D) in a press release Friday.

    “In turn, our farms and small businesses can take their savings and invest them back into their operations and employees so they can grow and thrive,” Gov. Mills said. “I thank President Biden, Vice President Harris, and Secretary Vilsack for the Inflation Reduction Act – the largest investment in climate action and clean energy in history – which made these grants to Maine farms and businesses possible.”

    “The Biden-Harris Administration is partnering with people in rural communities across our nation to expand access to clean energy and save rural Americans money,” said Secretary Vilsack. “We are hard at work, continuing what we’ve always done, supporting rural small businesses and farmers as they create jobs for their communities and drive economic prosperity.”

    “Maine’s farmers and small businesses are the backbone of our rural, tight-knit communities and economies,” said Sen. Angus King (I). “As we continue to see the impacts from climate change, we have the opportunity to revitalize these communities by investing in green, clean energy solutions for our foresters, agriculture workers and rural small business owners.”

    “This grant from [REAP], will play a big role in combating climate change while also saving folks money,” Sen. King said. “It is exciting to see the continued investments coming into Maine from the Inflation Reduction Act, and with this level of federal support we can continue to help our rural communities thrive.”

    “The Inflation Reduction Act marks the most significant investment in rural electrification since the 1936 Rural Electrification Act and is making tremendous progress helping rural and agricultural communities to shift toward clean energy,” said Rep. Chellie Pingree. (D).

    “Thanks to this landmark legislation championed by Democrats in Congress and the Biden-Harris Administration, the Rural Energy for America Program is helping businesses and producers in Maine and across the country reduce their carbon footprints and cut their utility costs at the same time,” Rep. Pingree said. “Congratulations to all of these well-deserving Maine businesses which now have the resources to be part of the climate solution.”

    “With the support of the Biden-Harris Administration and under the leadership of Secretary Vilsack, the USDA has invested in an unprecedented amount of federal funding opportunities that align with our departmental priorities to support our constituents. We are tremendously grateful for that,” said Department of Agriculture, Conservation and Forestry Commissioner Amanda Beal.

    Click Here to Read Gov. Mills’ Full Press Release

    Earlier this year, Maine received $62 million in federal funding to increase the accessibility of solar power for low-income households throughout the state.

    This grant cames as part of the $7 billion Solar for All competition funded by the Inflation Reduction Act’s $27 billion Greenhouse Gas Reduction Fund, which is administered through the federal Environmental Protection Agency (EPA).

    [RELATED: Maine Receives $62 Million Federal Grant to Expand Solar Power Access for Low-Income Households]

    According to the two-page summary of Maine’s Solar for All application, the state plans to pursue three primary goals with these funds.

    First, the Governor’s Energy Office (GEO) intends to create “new incentives for residential rooftop solar and energy storage” in “affordable multifamily housing” and “low-income and disadvantaged single-family homes.”

    Second, it plans to provide “new technical and financial assistance to support cooperatively-owned community solar” in order to allow participation “in solar energy ownership without barriers of homeownership or rooftop suitability.”

    Lastly, the office will establish a “new community solar and energy storage program focused on serving low-income and disadvantaged households.”

    Print Friendly, PDF & Email





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    5 High-Yield Investments That Are Considered Safe

    March 13, 2026

    Scotia Investments says it leads Jamaica’s collective investment schemes market

    March 11, 2026

    National Investments Company’s General Assembly approves 25% cash dividend distribution of the share’s nominal value

    March 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Mutual Funds

    SEBI sets rules for mutual fund intraday borrowing, shields investors from costs

    March 13, 2026

    Capital market regulator on Friday issued a circular detailing intraday borrowing rules for mutual funds…

    Sebi issues guidelines for mutual funds on intraday borrowing

    March 13, 2026

    Best flexi cap mutual funds to invest in March 2026

    March 13, 2026

    4 Top-Performing Multisector Bond Funds

    March 13, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Mutual Funds: Want to accumulate ₹50 lakh in next 12 years? You will need SIP of this amount

    December 16, 2025

    Nearly 60% CXOs strained by AI investments and many extremely inundated with AI washing – Industry News

    June 24, 2025

    Adult-only camp ‘Sip N S’mores’ returns Labor Day weekend for third year in Leaf River, Illinois

    July 28, 2024
    Our Picks

    SEBI sets rules for mutual fund intraday borrowing, shields investors from costs

    March 13, 2026

    Sebi issues guidelines for mutual funds on intraday borrowing

    March 13, 2026

    Best flexi cap mutual funds to invest in March 2026

    March 13, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.