|Program Name:||Rural Energy for America Program (REAP) Loan Guarantees and Grants|
|Program Sponsor:||USDA (Federal)|
|Program Type:||Incentives (Grants & Loan Funding)|
|Technology:||Energy Efficiency and Renewable Energy Systems|
|Eligibility:||Agricultural Producers and Rural Small Businesses|
|Deadline:||March 31, 2021|
The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses to install renewable energy systems or to make energy efficiency improvements.
Small business can use the Rural Business Services database to determine if the business is located in an eligible area (agricultural producers in rural or non-rural areas are eligible).
How the Program Works
Rural small businesses or agricultural producers can apply to REAP for either grants or loan guarantees to improve the efficiency of existing energy-using operations or to install new renewable energy systems. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing.
The amount of federal assistance available is as follows:
Under the program, project developers work with local lenders, who in turn can apply to the USDA Rural Development for a loan guarantee. The applicable terms of the loan guarantee include:
How to Apply
The USDA recommends applicants contact their state Rural Development Energy Coordinator (listed below) before filling out any application materials.
Applicants must be pre-registered with the System for Award Management (SAM) and also have a Data Universal Number System (DUNS) number (neither of these applications cost money, but they can take time).
New York’s Rural Development Energy Coordinator:
Gary Pereira, USDA Rural Development
(315) 570- 2233