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$1B in New REAP Grant Funding Helps Farmers and Rural Businesses Go Solar

Apr 6, 2023 12:34:38 PM
Photo of sun rising over farmland, depicting new solar funding opportunities for farmers through USDA's REAP program.
March 31, 2023
U.S. Department of Agriculture (USDA) announced that it is accepting applications starting on April 1 for $1 billion in grants to help agricultural producers and rural small businesses invest in renewable energy systems and make energy-efficiency improvements. USDA is making the $1 billion in grants available under the Rural Energy for America Program (REAP), with funding from President Biden’s landmark Inflation Reduction Act, the nation’s largest-ever investment in combatting the climate crisis.

“Supporting renewable energy and energy-saving systems helps the people of rural America create thriving, livable communities,” Vilsack said. “When we invest in rural communities, we are supporting hard work that sends a ripple effect across our country. Clean energy is critical to the future of our economy, and the Inflation Reduction Act provides the Biden-Harris Administration with the resources to build a more prosperous rural America while tackling the climate crisis and lowering energy costs.”

Recipients may use REAP funds to install renewable energy systems or to make energy-efficiency improvements. Eligible applicants include rural small businesses and agricultural producers. USDA will hold competitions quarterly through Sept. 30, 2024. 

The maximum federal share which may be requested is up to 50% of the total project cost for all energy-efficiency projects and zero-emissions renewable energy systems. An award of up to 50% of the total project cost is also available for any project in a designated energy community and/or submitted by an eligible tribal entity. The maximum grant is $1 million for renewable energy systems and $500,000 for energy-efficiency projects.

Farmers, ag producers, and rural businesses looking for additional information on REAP grants for solar, including eligibility and application requirements, deadlines, and other information, can visit SunPeak's REAP Grant Overview or contact SunPeak's project development team with questions.