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The USDA's Rural Energy for America Program (REAP) grant offers tremendous savings potential, covering up to 50% of renewable energy project costs. Here are answers to some most frequently asked questions about applying for and utilizing this impactful incentive.Â
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What types of projects does the REAP grant fund?
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The grant supports installation of solar photovoltaics, solar thermal, small wind turbines, anaerobic digesters, biomass, geothermal, hydroelectric, and other clean energy systems.Â
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What is the maximum grant amount I can receive?Â
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You can qualify for up to $1 million per project, covering 50% of total costs. So planning systems with approx. $2 million budget allows full utilization.Â
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When should I apply to maximize chances?Â
Apply early within your chosen quarterly cycle as evaluations are processed first-come-first-served till allocated funds get exhausted.Â
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How do I confirm location eligibility?  Â
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Use the USDA's [Eligibility Assessment Map](https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=mfp) to instantly determine if you qualify as a rural small business.Â
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What are the key qualifying criteria?Â
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You must satisfy employee headcount or revenue thresholds per your NAICS code and be located in an eligible rural area to qualify.Â
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Can I receive repeat REAP grants?  Â
Yes, you can apply successfully every year. But the program restricts consecutive funding for the same project initiative.Â
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How long does the review process take?Â
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Plan for a 4-6 month time frame from application to approval. Engaging specialized consultants like Innovate Energy Group can help accelerate the process.Â
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What happens if my application gets rejected?Â
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You can re-apply in the next cycle or consider lowering your funding request to 25% under the same program.Â
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When will this 50% funding expire?Â
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The current 50% grant rate will revert to 25% after September 2024, so timely applications are recommended.Â
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This covers the most common program questions. Reach out to our experts at Innovate Energy Group for further REAP-related assistance!Â
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