USDA RENEWABLE ENERGY FOR AMERICA PROGRAM (REAP)

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 of 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