reap

Application Deadline for REAP Program Nearing

Dan Energy

reap
Powerplant with photovoltaic panels and eolic turbine

The application deadline for the Rural Energy for America Program (REAP) is quickly approaching on March 31, 2021. The REAP program is designed to help rural businesses and farmers to purchase or install renewable energy systems or make energy efficiency improvements.

Funds from REAP may be used for the purchase, installation, and construction of renewable energy systems, such as a $2,500 minimum and $500,000 maximum grant. The loan guarantee percentage is published annually in a Federal Register notice.

REAP loans approved in Fiscal Year 2021 will receive an 80 percent guarantee. Grants are for up to 25 percent of total eligible project costs, and combined grant and loan guarantee funding is up to 75 percent of total eligible project costs.

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Grants can be used for projects including biomass, geothermal use, hydropower, wind generation, and solar. Other examples include energy efficiency improvements, insulation, lighting, refrigeration units, doors, and windows, and switching irrigation from diesel to electric.

Contact your USDA Service Center to learn more.

(From the National Association of Farm Broadcasters)