RURAL ENERGY FOR AMERICA PROGRAM (REAP)
The U.S. Department of Agriculture (USDA) is seeking applications from Agricultural Producers and Rural Small Businesses for funding the installation of Renewable Energy Systems or to make Energy Efficiency Improvements. Rural Small Business projects must be located in a rural area with a population of 50,000 or less, while Agricultural Producer projects have no rural limitations. For this funding round, USDA plans to award up to $12.3 million in grants and $57.8 million in guaranteed loans. Additional REAP funds provided by the 2014 Farm Bill will be made available with a subsequent notice.
Applications will be accepted for grants, guaranteed loans, and combined grants and guaranteed loans for the development and construction of Renewable Energy Systems and for the installation of Energy Efficiency Improvement Projects. Grants can cover up to 25 percent of total eligible costs, while Guaranteed loans can cover up to 75 percent of total eligible cost.
Eligible projects in the accepted technology areas include: Anaerobic Digesters, Biomass / Biofuels, Geothermal (including electric generation and direct use), Hydropower projects (30 megawatts or less), Hydrogen, Solar (small and large), Wind (small and large), and Energy Efficiency Improvements.
Examples of Energy Efficiency Improvement projects include, but are not limited to: the installation and replacement to more energy efficient motors, pumps, fans, blowers, compressors, grain dryers, irrigation projects, refrigeration units, ventilation systems, windows, insulation, heating systems, lighting systems, and energy shade curtains.
Grant applications & combined grant and guaranteed loan applications are due to the USDA Rural Development State Office or Area Offices, on or before July 7, 2014.
Guaranteed loan only applications will be accepted on a continual basis, but must be submitted by July 31, 2014 to compete for FY2014 funding.
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