In an economy as unpredictable as this one, America’s small rural businesses are looking for every advantage they can get. But while there’s currently quite a bit of financial uncertainty for business leaders, we know that energy costs are sure to keep rising. Luckily, the USDA REAP (Rural Energy for America Program) is here to help.
REAP funds up to 50% of new solar projects for qualifying businesses, and awards grants of as much as $1 million. Prior to 2022, the program only funded 25% of renewable energy system projects like solar. Solar is always a great investment because it shields companies from rising energy costs for decades and provides significant tax benefits. But between the dramatic recent increase in REAP funding and the current rampant inflation squeezing the global economy, small businesses who transition to solar now have a unique opportunity to make an investment that will help improve the health and stability of their companies for decades to come.
How can I learn whether my business qualifies for the REAP program?
While REAP serves every US state, only businesses located in rural locations are eligible (areas with a population of 50,000 or less qualify under USDA rules). Additionally, businesses who are awarded funding must fall within SBA (Small Business Administration) size standards, and these vary greatly from business to business.
To learn whether your business qualifies for the REAP program, contact our sales team today. Determining if a business is eligible to receive REAP funding is often complicated, and we have the knowledge and expertise to guide you through it. And for businesses who do qualify for the program, our team of grant writers will work with you to write your grant application at no extra cost if you work with us. Contact us today!
