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Serving: United States
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$400M available for energy loan guarantees

Funding can be accessed at USDA offices in your area

USDA accepts applications for Rural Energy for America Program funding year-round. USDA has more than $400 million still available for renewable energy system and energy efficiency loan guarantees. Potential applicants should contact their state USDA Rural Development office for more information.

REAP funding can be used for renewable energy systems such as anaerobic digesters, biomass, geothermal, hydropower, wind and solar. It also can be used to make energy efficiency improvements to heating, ventilation and cooling systems; insulation; and lighting and refrigeration.

Examples of USDA’s REAP investments:

  • Edgehill Farms, an ag tourism center in Oakland, Ky., received a $34,596 loan guarantee to install a 34.8-kilowatt photovoltaic array system on the roof of its ham processing facility. The system will generate approximately 45,000 kilowatt hours (kWh) annually that will be sold directly to the local utility, earning $4,448 for the firm annually.
  • In Magnolia, N.C., Optima KV received a $6.5 million loan guarantee for an anaerobic digester that will help hog producers dispose of waste by converting it to energy. The project aggregates multiple biogas streams at a refinery. The resulting natural gas is then transported via pipeline to a power plant to generate electricity. The digester produces additional revenue for hog producers and a cleaner environment.

USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov.

Source: USDA, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset. 
TAGS: Energy
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