THE REAP GRANT
Rural Energy for America Program (REAP)
Another lucrative commercial solar incentive to reduce your solar system cost is the REAP grant. If you’re a agricultural producer or rural small business, this grant is a great opportunity for you. There is a formal process to apply, but thankfully, the best commercial solar installers (like Genie Solar) can help you through the process.
REAP Grant Writing & Application Services – 100% Win Rate
Genie Solar has an amazing track record when it comes to submitting REAP grant applications for commercial solar customers. The company has secured funding for every application submitted. If your business is in an eligible location for REAP grant funding, Genie Solar will help you secure as much funding as possible. Genie Solar’s grant writing and application services are all included for projects that are eligible for funding.
To learn more about a real life REAP Grant success story, check out Genie Solar’s customer who received $1 million in funding. Genie Solar was able to submit the REAP grant application on behalf of our customer and secure them the funding, allowing their commercial solar dreams to come true.
What is the REAP grant?
The grant was created in 2008 as part of the Rural Energy for America Program with the goal of promoting renewable energy and energy efficiency to rural businesses or agricultural producers. The REAP grant provides financial assistance to farmers, ranchers, and small businesses who want to invest in renewable energy projects. Projects eligible for funding include solar, wind, biomass, and geothermal systems. To date, the program has awarded over $700 million in grants and loans.
How much money can be awarded by the REAP Grant?
The amount of the grant depends on the size of the project, but it can reduce the cost by up to 50%, with a maximum award of $1 million. This makes the REAP grant an essential part of making commercial solar projects feasible. In addition to the monetary benefits, the REAP grant also helps to promote renewable energy and its many benefits. By investing in commercial solar projects, not only will companies be able to drastically decrease their energy expenses, but we can help to reduce our reliance on fossil fuels and make a positive impact on the environment.
Who is eligible for the REAP Grant?
The REAP Grant is available to businesses, agricultural producers, and non-profit organizations who install commercial solar systems. To be eligible, businesses must have less than $20 million in annual revenue and be located in a rural area. Agricultural producers must have less than $1 million in annual revenue. Non-profit organizations must have a 501(c)(3) designation from the IRS. If you meet these requirements, you may be eligible for a REAP Grant. Talk to the team at Genie Solar, we can review the eligibility requirements and even submit the application on your behalf.