What is the REAP Grant?
Solar panel grants and loans are available through the USDA’s REAP program for those interested in going solar on their farm or small business. Making the transition to solar is simpler and less expensive with REAP.
Solar prices have been falling for several years, and even more so in the last few. However, many farmers are still hesitant to use solar power due to what appear to be high upfront costs.
With REAP grants, now is the best time to switch to solar energy. Solar is the most cost-effective long-term energy solution. The REAP program allows farms to realize those savings much sooner.
What is the REAP Program?
The Rural Energy for America Program (REAP) consists of two major components: a grant and a guaranteed loan.
The grant is equivalent to receiving a 25% discount on your new solar panel installation. The loan can cover up to 75% of the project’s costs. The REAP program was established to assist farmers, the agriculture industry, and rural businesses in increasing their energy efficiency. It accomplishes this in two ways:
Grants and loans to help pay for the installation of renewable energy systems such as solar panels
Grants and loans to help fund energy efficiency improvements such as LED lighting.
There are some eligibility requirements for the REAP program. The most important factor is the location of your farm or business. On this USDA website, you can determine your REAP eligibility.
Note: When you click the link, you’ll be prompted to accept their terms before being taken to a map. In the upper left, enter your address and click “go,” and it will tell you if your location is eligible for the REAP.
The maximum amount that a REAP grant can cover is 25% of the total cost, up to $100,000. But if you can combine a REAP grant or loan with state, local, or federal tax incentives, you can significantly reduce the already-low costs of a solar array installation.
How Do I Apply for a REAP Grant?
More information can be found on the USDA’s website.
Note: After clicking this link, go to the “Forms and Resources” tab to see the application options (there are a few, depending on what you’re applying for).
As one would expect from the government, they make things more complicated than they need to be. However, Delta Solar will help you through the entire REAP application process, ensuring that all of the details are correct.
Contact us today and we’ll assist you in answering some initial REAP questions, such as:
- Is my farm eligible for a REAP grant?
- If so, for how much?
- What information do I need to have ready for the application?
- When’s the deadline for this year?
- And much more
If you’re considering solar for your farm or rural business and want to apply for a USDA REAP Grant, let Delta Solar’s team of experts do the legwork so you can start saving money with solar energy right away!