Renewable Energy Project Saving Money for Ranchers...
LINCOLN — A Nebraska Energy Office Dollar and Energy Savings Loan and funding from the USDA Rural Energy for America Program (REAP) were utilized for a renewable energy project owned by JJ & SE Jenkins, LLC at the Jenkins Ranch in Callaway, NE. The Energy Office and Cornerstone Bank provided the $56,250 loan to leverage the $18,750 REAP grant.
The renewable energy project is a 25 kilowatt solar panel system consisting of 100 panels that are 255 watts each and mounted on aluminum racks. It is estimated the system will replace 112 percent of their annual energy usage and increasing profits by $4,051 per year.
"Our ranch has been in the family since 1876 and we are constantly looking at how we can make our operation more sustainable and efficient. This project was a natural fit with our values and we're happy to work with the USDA, Nebraska Energy Office, Public Power, and others to make this a successful endeavor," said Jim Jenkins, JJ & SE Jenkins, LLC.
In addition to low interest loans for renewable energy projects, the Dollar and Energy Savings Loan program offers loans for home, building or system energy improvements. Information about the Dollar and Energy Saving Loans can be found on the Nebraska Energy Office Loans webpage.