Agricultural Financing – REAP Grants
We’ve helped many agricultural operations and small rural businesses obtain grants for a part of their solar installation. The USDA REAP program can provide up to 25% on qualifying solar projects and enable a less than six years project breakeven.
Solar REAP Grants
How Does the USDA REAP Grant Program Work?
USDA REAP (Rural Energy for America Program) grants can help pay up to 25% of the cost of solar installations and other energy-related expenses for small businesses. All small businesses and agricultural producers outside of 50,000 population centers are eligible. That’s most of Kentucky, Indiana, and Ohio! The program doesn’t apply to nonprofits, schools, or municipal entities.
How Much REAP Grant Money is Awarded?
Each state is awarded its fair share, but many small businesses aren’t even aware that the program exists. If your project is eligible, you could receive free money — up to 25% of your equipment and installation costs. Projects up to $500,000 can be funded with a minimum size of $5,000.
Each state is allocated a varying annual budget, and it is still rare that submissions exceed available funding. If your project is eligible, you could receive free money — up to 25% of your equipment and installation costs. We work with grant writers that have a strong track record (greater than 70%) of winning successful grant awards. Plus, a client’s grant application isn’t just “a one-shot deal.” Customers are eligible to compete in future funding rounds, based on state and federal REAP allocations.
What if I Have a Solar Project or Energy-Saving Equipment I Want to Purchase?
The first thing you want to do is see if you are eligible. You can do so by clicking here and typing your address or location into the search box.
When are the Funding Deadlines for REAP Grants?
For $20,000 or less grants AND grant requests greater than $20,000: Due: April 1
For $20,000 or less grants ONLY: Due: October 31
How Do I Apply for a REAP Grant?
We work closely with you and grant writers who have years of experience in assisting small businesses. They charge a small service fee to complete the forms, gather the necessary documents, and expedite the state and federal submission packet.
How Do I know if My Project Will Qualify for a REAP Grant?
SES works on your behalf with experienced grant writers who run a ‘pre-score’ calculation to determine whether your project is likely to be awarded. After the rating is calculated, they can determine whether your project would score competitively on a full application. This saves you time and money.
What is Meant by ‘Small Service Fee?’
REAP applications can take 25 hours or more to complete. And even though a grant is not guaranteed, grant preparation is just like any other professional service you pay for. When building a house, your architect is paid to design blueprints, while an engineer or mortgage broker may be paid a fee for similar professional services. This grant preparation fee is based on the system or installation size. Each grant submission requires the completion of 7 different federal forms; the gathering and compilation of tax forms, employee lists, and lease documents; the setup of a DUNS number and CAGE code, energy calculation and audit figures and a multitude of other things. The average packet contains 85 documents. Typical fees are in the $1500 – $2500 range.
What is the benefit of a REAP Grant?
If you win an award, you essentially receive free money toward the product purchase and installation costs.
Is it Difficult to Win a REAP Grant?
We work with grant writers that have a strong track record of winning successful grant awards. Plus, a client’s grant application isn’t just “a one-shot deal.” Customers are eligible to compete in future funding rounds, based on state and federal REAP allocations.
How Can I Learn More About REAP Grants?
Download this fact sheet:
How Can I Fund The Remaining 75% of Project Costs?