The Rural Energy for America Program (REAP) is open to Agricultural Producers and Rural Small Businesses located in areas with populations of 50,000 or less. The program deals with commercially available technology that either produces energy or conserves energy.
USDA Rural Development is currently accepting applications for FY2015 funding. The official solicitation announcement was posted in the Federal Register on December 29, 2014, advertising two rounds of competitions. Round one grant applications will be due April 30, 2015, and round two grant applications will be June 30, 2015.
There are now three new grant application templates.
– Total Project costs of $80,000 or less
– Total Project Costs of $80,001 – $200,000
– Total Project Costs Greater than $200,000
Grant awards are 25% of the total eligible project costs. Renewable Energy Projects have a minimum grant request of $2,500 and a maximum of $500,000, while Energy Efficiency Improvement Projects have a minimum grant request of $1,500 and maximum of $250,000.
The REAP program can provide Guaranteed Loans up to $25 million or 75% of Total Project Costs, whichever is less. Competitions are on a monthly basis throughout the year.
Contact us for more information!