Solar United Neighbors Tuesday released a new guide to help farmers and rural small business owners apply for a key federal grant and loan.
The guide will make it easier for rural Americans to install solar energy at their property. The comprehensive guide takes applicants step-by-step through the Rural Energy for America Program, or REAP, application process. The REAP program has been so popular that funding for the grants has not been able to meet the demand. The Inflation Reduction Act, passed last year, quadrupled REAP funding over the next ten years.
Farmers and rural small business owners can receive loan guarantees of up to 75 percent of total eligible project costs through REAP. They can receive grants for up to 40 percent of the total project cost. Solar United Neighbors is hosting a free webinar February 2 to educate attendees about the REAP program and what steps they need to take to apply. Learn more at solarunitedneighbors.org.