The USDA’s Rural Energy for America Program (REAP) is a critical funding source for businesses and farms looking to implement energy efficiency upgrades or onsite renewable energy. Whether you’re interested in solar panels, energy-efficient HVAC systems, or other improvements, REAP grants can make these projects affordable. Here’s what you need to know about the latest program updates for fiscal years 2025-2027—and how Viridi can simplify the process.
Grab Your 50% Grant!
With REAP, you could secure up to 50% funding for energy projects, reducing the cost of solar installations and energy efficient upgrades. Once approved, REAP funds can be used for up to two years, giving your business flexibility in planning and completing energy projects. Viridi’s REAP expertise has helped businesses save over $455,300 this past year through these grants alone.
New Changes: Fewer Chances to Apply
Beginning in 2025, there will be only three application windows each year. To maximize your chances of receiving funding, it’s essential to prepare in advance. Here are the key deadlines for fiscal year 2025:
- September 30, 2024
- December 31, 2024
- March 31, 2025
Eligibility Requirements
To qualify for REAP, applicants must meet one of the following criteria:
- Operate as an agricultural producer
- Operate as a business located in a REAP-eligible area and meet the program’s size requirements based on either:
- Annual revenue
- Number of employees
Let Viridi Do the Heavy Lifting!
The REAP application process can be complex, but Viridi manages the entire process for you. From collecting necessary documents to completing and submitting your application, our team ensures you have the best chance of securing funding.
Flexible Loans Available Anytime
Beyond grants, you can apply for loan guarantees for energy efficient equipment and renewable energy projects year-round. This flexibility allows you to start projects on your schedule without waiting for a grant window.
For Help Accessing REAP Funding
For more information about REAP and other project funding opportunities, contact Claire Wilson at [email protected].