Big Benefits for Small Businesses Going Solar!
The Rural Energy for America Program (REAP) program provides Renewable Energy Systems & Energy Efficiency improvement loans & grants to help small businesses and farms become sustainable and save money by going solar. Solnetic can help you with program specifics enabling your business to save thousands of dollars and become more energy efficient - Ask Solnetic how!
What does this program do?
Provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements.
Who may apply?
Agricultural producers with at least 50% of gross income coming from agricultural operations, and Small businesses in eligible rural areas.
NOTE: Agricultural producers and small businesses must have no outstanding delinquent federal taxes, debt, judgment or debarment.
What is an eligible area?
Businesses must be in an area other than a city or town with a population of greater than 50,000 inhabitants and the urbanized area of that city or town. Check eligible business addresses.
Agricultural producers may be in rural or non-rural areas.
How may the funds be used?
Funds may be used for renewable energy systems, such as:
Biomass (for example: biodiesel and ethanol, anaerobic digesters, and solid fuels)
Geothermal for electric generation or direct use
Hydropower below 30 megawatts
Small and large wind generation
Small and large solar generation
Ocean (tidal, current, thermal) generation
Funds may also be used for the purchase, installation and construction of energy efficiency improvements, such as:
High efficiency heating, ventilation and air conditioning systems (HVAC)
Cooling or refrigeration units
Doors and windows
Electric, solar or gravity pumps for sprinkler pivots
Switching from a diesel to electric irrigation motor
Replacement of energy-inefficient equipment