How GRADE Works...
The GRADE program is simple and can be sub-divided into four steps:
1. Application Sumittal: Complete the 1-page project application that describes both the existing equipment/engine and the desired replacement equipment/engine. (Hint: older, high use equipment tend to make the most competitive projects)
2. Project Selection and Funding Agreement: Awards are made by a selection committee who consider factors like the amount of pollution reduced, the cost per pound of pollution reduced, and the amount of time spent in eligible region once a project has been awarded GRADE funding. Each award is followed by a funding agreement that ourlines the terms of the grant, such as the amount of the award, eligible expenses, and the disposal of the old equipment.
3. Project Completion and Reimbursement: Once the repower or replacement is complete and the old engine has been disposed of, reimbursements will be made as outlined in the funding agreement.
4. Usage Reporting: Semi-annual equiment usage reports should be submitted for five years flollowing project completion. This information makes it possible to track the amount of pollution reduced by each project.