USDA Rural Energy for America Program (REAP)
Rural Energy For America Program
Did you know that the USDA has a program that can provide Grant funding to small businesses for a Solar Energy System?
The program -- Rural Energy for America Program – provides grant funding and guaranteed loan financing to small businesses for renewable energy systems or to make energy efficiency improvements. Agricultural small businesses can also apply for new energy-efficient equipment and new system loans for agricultural production and processing.
Combined with the 2022 Inflation Reduction Act Federal Tax Credit, up to 70% of your system cost can be paid by others. This makes Solar Power an even wiser investment. Using these programs, you may be able to reduce your payback to as little as 3 years.
Who is Eligible for the REAP Program?
Small businesses in eligible rural areas can apply for this program. All of SoL Energy’s service area are eligible areas for this program.
Applicants must qualify as a Small Business under the SBA guidelines.
Find Out if You Qualify and Start the Process
To find out if you qualify, you will need to do the following:
Confirm that you qualify as a Small Business under SBA Guideline (SBA Size Standards)
Obtain a FREE Site Evaluation and System Proposal from SoL Energy [Request FREE Evaluation]
Register in the System for Award Management (SAM.gov)
Submit a Grant Proposal to REAP Program
Await Decision
Begin Project
A more detailed description and action guide can be found at [Rural Energy for America Blog]