USDA RENEWABLE ENERGY FOR AMERICA PROGRAM (REAP)

Provides loan guarantees that promote energy efficiency and development of renewable energy for agricultural producers and rural small businesses.

  • Loan amounts up to $25 Million
  • Loan amount cannot exceed 75% of eligible project cost

Eligible Borrowers

  • Agricultural Producer: Individual or entity that receives 51% or more of their gross income from agricultural production, i.e. crops, livestock, aquaculture, forestry operations, nurseries, dairies
  • Rural Small Business: For-profit small business in a community with a population less than 50,000

Eligible Project Costs

  • Equipment
  • Purchase & installation
  • New or refurbished
  • Post-application construction & facility improvements
  • Retrofitting
  • Professional service fees
  • Permits & license fees
  • Working capital, land acquisition also processing agricultural products

Ineligible Project Costs

  • Equipment
  • Used Equipment
  • Vehicles
  • Pre-application construction & facility improvements
  • Residential energy projects
  • Line of credit
  • Lease payments
  • Payment to the applicant/business owner, beneficiary or relative

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