USDA Seeks Grant Applicants For Energy Efficiency Program
Communities / Feb. 16, 2017 9:59am EST
The U.S. Department of Agriculture (USDA) is seeking grant applications from rural businesses interested in increasing their bottom line through performing energy efficiency upgrades or installing renewable energy systems.
Applications will be accepted until March 31 for funding through the Rural Energy for America Program (REAP).
USDA Rural Development seeks to support economic development in rural areas through helping businesses invest in energy improvements. Rural businesses and agricultural producers are eligible to apply for either energy efficiency or renewable energy project funding.
For projects that generate renewable energy, such as installing a solar array, applicants may apply for a grant of up to $500,000.
For projects that increase a business’s energy efficiency, such as a dairy installing an energy-efficient milk chiller, applicants may apply for a grant of up to $250,000.
For both project types, grant funds can cover up to 25% of the eligible project costs. Large scale projects can apply for USDA financing through a REAP guaranteed loan throughout the year.
Vermont and New Hampshire businesses and producers should contact Rural Development Energy Coordinator Ken Yearman at 802-828-6070 or kenneth.yearman@ vt.usda.gov to start the application.