USDA RENEWABLE ENERGY FOR AMERICA PROGRAM CURRENTLY ACCEPTING APPLICATIONS
TEMPLE, September 10, 2015 - The next deadline for Renewable Energy for America Program (REAP) grants is October 31, 2015. This deadline for grant applications has designated funding for small projects requesting $20,000 or less (25% of total eligible project costs). Grant requests for this round have a simplified, streamlined process and can be as low as $2,500 for renewable energy projects and $1,500 for energy efficiency projects. All agricultural producers, including farmers and ranchers, who derive 50% or more of their gross income from agricultural operations are eligible. Businesses in a rural area, meeting the Small Business Administration size standards, may also apply. A private entity, a rural utility, and rural electric cooperatives are typically eligible, however non-profit and public bodies are not eligible.
USDA Rural Development provides financial assistance in the form of grants and guaranteed loans to agricultural producers and rural small businesses to purchase renewable energy systems or make energy efficiency improvements through the REAP. This program provides funds for the purchase and installation of renewable energy systems and to make energy-efficiency improvements. The renewable energy projects range from installation of solar, geothermal, wind, and biomass; and energy efficiency improvements to irrigation systems, poultry houses, upgrading air conditioning, lighting and refrigeration systems.
The next funding deadline will be April 30, 2016 for projects of any size with maximum grants limited to $500,000 for renewable energy projects and $250,000 for energy efficiency projects (25% of total eligible project costs). Any eligible applications not funded during the October 31, 2015 funding cycle will be reconsidered.
For more information on the program and to apply for funding, details are available on the USDA Rural Development website, http://www.rd.usda.gov/programs-services/rural-energy-america-program-renewable-energy-systems-energy-efficiency/tx.