The Biomass Energy Program assists businesses in installing
biomass energy systems. Program participants receive up to $75,000 in interest
subsidy payments to help defray the interest expense on loans to install
approved biomass projects. Technical assistance is also available through the
program.
Industrial, commercial and institutional facilities;
agricultural property owners; and city, county, and state government entities
are eligible. Interested parties must obtain loans from commercial lending
institutions and submit repayment data to the Alabama Department of Economic
and Community Affairs (ADECA) for interest payment assistance. ADECA pays the
borrower directly, based on documentation of payment. The interest rates on
loans should be no greater than 2% above the prime rate.
With an initial emphasis on wood waste, the program also
promotes landfill gas as a potential source of energy for industrial processes
and other uses. Several landfill waste disposal facilities across Alabama have been
identified as prime candidates for landfill gas recovery and utilization.
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