USDA REAP Grant
The REAP (Rural Energy for America Program) grant is a great way for businesses in rural and agricultural communities to reduce their energy bills and help the environment by leveraging renewable energy sources.
What?
The REAP Grant offers grant funding and loan financing for Agricultural producers and rural small businesses to help them further their sustainability goals, acquire energy efficient equipment, or install renewable energy systems all together. As a result of taking advantage of the REAP Grant, agricultural producers and rural small businesses can get up to 50% of their system paid for in cash.
Who?
Agricultural Producers
An entity directly engaged in production of agricultural products where at least 50 percent of their gross income coming from agricultural operations.
Small Businesses located in eligible rural areas and one of the following:
Private for-profit entity (sole Proprietorship, Partnership, or Corporation)
A Cooperative [including those qualified under Section 501(c)(12) of IRS Code]
An electric utility (including a Tribal or governmental electric utility) that provides service to rural consumers and operates independent of direct government control.
A Tribal corporation or other Tribal business entities that are chartered under Section 17 of the Indian Reorganization Act (25 USC 477) or have similar structures and relationships with their Tribal entity without regard to the resources of the Tribal government.
When?
Deadline for 2024 Projects: March 31, June 30 & September 30.
Where?
Why?
This program aims to assist and incentivize agricultural and rural areas in the transition to renewable energy in the US. It guarantees loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements.
