The Rural Energy for America Program (REAP) provides loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems and energy efficiency improvements. This program helps improve American energy independence by both 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 energy costs for small businesses and agricultural producers. Funding for Fiscal Year 2019 is available in a variety of forms, each under its own application process and timeline:
- Grants and/or Loans of $20,000 or less: Applications are due April 1.
- Unrestricted Grants and/or Loans: Applications are due April 1.
- Guaranteed Loan: Applications are accepted on a continuous cycle.
Funds may be used for renewable energy systems, such as biomass (biodiesel and ethanol, anaerobic digesters, and solid fuels); geothermal for electric generation or direct use; hydropower below 30 MW; hydrogen; small and large wind generation; small and large solar generation; and 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); insulation; lighting; cooling or refrigeration units; doors and windows; electric, solar, or gravity pumps for sprinkler pivots; switching from a diesel to electric irrigation motor; and replacement of energy-inefficient equipment.