USDA: REAP Grants & Guaranteed Loans

Rural Energy for America (REAP) guaranteed grants and loans  of $2 billion over the next decade for rural ag producers and rural small businesses are now available (rural = population less than 50,000). Grants  were increased through the Inflation Reduction Act (IRA) to offset 40% of project costs and they cover both energy efficiency and renewable energy. Note: this does not cover residential farm energy projects (unless install second meter).  Funding for underutilized renewable energy technologies for $303.8 million is included.

Due Date: March 31, 2023 for Round 1 grants; for grants less than $20k and greater than $20k. $1million per applicant ceiling. Total $820 million available

Guaranteed loans on a continuous monthly cycle; up to $25 million per loan

Wisconsin Information

Contact your WI Rural Development Energy Coordinator early: ; 715 619-3123