USDA Rural Development is now accepting applications for the Rural Energy for America Program. This program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing. The Federal Register document will be posted on the program website once it is published.
The Rural Energy for America Program helps increase American energy independence by increasing the private sector supply of renewable energy and decreasing the demand for energy through energy efficiency improvements. Over time, these investments can also help lower the cost of energy for small businesses and agricultural producers. The loan guarantee percentage is published annually in a Federal Register notice. REAP loans approved in Fiscal Year 2024 will receive an 80 percent guarantee. REAP loans approved in Fiscal Year 2025 will receive an 80 percent guarantee.
To apply for this REAP funding, please visit the Rural Energy for America Program page at Rural Development’s website. You can also find eligibility requirements, loan terms, and other frequently asked questions at this page. Also, be sure to follow USDA Rural Development’s Facebook page for updates.