The Fiscal Year 2012 Rural Energy for America Program (REAP) was announced on January 20. This grant and guaranteed loan program helps agricultural producers and rural small businesses reduce energy costs and consumption and helps meet the Nation's critical energy needs. A copy of Notice of Funds Availability (NOFA) is attached for your convenience.
Agricultural producers and rural small businesses are eligible to apply. Grants are available to reimburse 25% of the costs to purchase and install renewable energy or energy efficiency improvements up to $500,000. The guaranteed loans can cover 75% of the costs up to $25 million. Grants are also available to reimburse the 25% of the costs of a feasibility study for renewable energy projects up to $50,000. Finally, grants are available up to $100,000 to assist public bodies, institutes of higher education, and rural electric cooperatives in providing energy audits and renewable energy development assistance to rural small businesses and agricultural producers. Please note that there is $25.4 million available nationwide which is substantially less than in recent years. We expect the program to be highly competitive this year!
In order to be considered for Fiscal Year 2012 funds, complete applications must be received by the appropriate USDA Rural Development Area Office no later than 4:30 p.m. on the following dates:
For energy audit and renewable energy development assistance grants – February 21, 2012.
For renewable energy system and energy efficiency improvement grant and combination grant and guaranteed loan applications – March 30, 2012.
For renewable energy system feasibility study grant applications - March 30, 2012.
For renewable energy system and energy efficiency improvement guaranteed loan only applications - June 29, 2012.
Our website (http://www.rurdev.usda.gov/IA_bc_energy_reap.html) has information including fact sheets; lists of consultants, energy auditors and grant writers; regulations; forms and application templates.
Please let us know if you have any questions!
Kate Sand | Acting Business & Cooperative Program Director Rural Development
U.S. Department of Agriculture
873 Federal Building | 210 Walnut St. | Des Moines, IA 50309 Phone: 515.284.4665 | Fax: 515.284.4859
909 E. 2nd Ave., Suite C | Indianola, IA 50125 Phone: 515.961.5365 ext 130 | Fax: 515.961.3509