Farmers, ranchers and rural small businesses can apply now for grants and loan guarantees for clean energy projects under the Rural Energy for America Program – or REAP. REAP was renewed in the 2014 Farm Bill and supports a wide range of energy efficiency and renewable energy technologies, including wind, solar, biogas, biomass, small hydroelectric, geothermal, tidal, wave, and hydroelectric technologies.
An official notice of funding availability is expected in early April, with an application deadline 60 days later. This notice would be for funds from the 2014 appropriation plus funds carried over from previous years (total about $28 million). When the final REAP rule is announced, possibly in June or July, a second funding announcement will be issued for the 2014 mandatory funding ($50 million) from the new Farm Bill. Applications submitted but not funded in the first round will be considered in the second round.
Applicants should also be sure to check in early with the state staff of USDA rural development. They can answer questions, provide useful advice and may need to visit the project during the application process.
For more information go to: http://www.rurdev.usda.gov/TN-Home.html