Renewable Energy Systems & Energy Efficiency Improvements Program.

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Presentation transcript:

Renewable Energy Systems & Energy Efficiency Improvements Program

Eligible Applicants Agricultural ProducerRural Small Business Individual or entity that receives 51 percent or more of their gross income from agricultural production – crops, livestock, aquaculture, forestry operations, nurseries, dairies For-profit small business - as defined by the Small Business Administration (SBA) Rural area or non-metro community of < 50,000

Energy EfficiencyRenewable Energy LightingSolar HeatingWind CoolingSmall Hydroelectric VentilationAnaerobic Digesters FansBiomass Automated ControlsGeothermal InsulationWave/Ocean Power Improve Profits for Your Rural Small Business, Farm or Ranch with REAP The technology must be commercially available. Research and development projects do not qualify.

Eligible Project Costs  Ineligible Project Costs Equipment: Purchase & installation New or refurbished Post-application construction & facility improvements Retrofitting Professional service fees Permits & license fees Working capital, land acquisition (Guarantee loan ONLY with restrictions) Residential energy projects Equipment: Farm tillage equipment Used equipment Vehicles Pre-application construction & facility improvements Application preparation or grant writer fees Line of credit Lease payments Payment to the applicant/business owner, beneficiary, or relative

REAP Grant Assistance Renewable Energy Systems Energy Efficiency Improvements Minimum Grant Request $2,500 Total eligible project costs > $10,000 Minimum Grant Request $1,500 Total eligible project costs > $6,000 Maximum Grant Request $500,000 Total eligible project costs > $2 million Maximum Grant Request $250,000 Total eligible project costs > $1 million Up to 25% of Eligible Project Costs

REAP Guaranteed Loan Assistance Minimum Loan Amount $5,000 Total eligible project costs > $6,667 Maximum Loan Amount $25 million Total eligible project costs > $33.4 million Details USDA guarantees a commercial loan; applicant must have a willing lender. Terms are negotiated between the lender and borrower. Fees, appraisals, equity & collateral requirements apply. Up to 75% of Eligible Project Costs

REAP Application Window Closing Deadlines May 2, 2016  Set Aside Fund Competition-Grant Request $20,000 or less  Grant Request > $20,000  Combination Grant/Loan Request May 2, 2016  Grant Request $20,000 or less not competing for set aside  Grant Request > $20,000  Combination Grant/Loan Request Continuous Application Cycle  Guaranteed Loans *Loan must score a minimum of 50 to compete monthly *First monthly competition held once 8 applications on file

Chicken Farm Radiant heat, fans, vents & computerized controls $99,293 Total Cost $20,000 REAP Grant $79,293 Commercial Loan Improved egg production, reduced time and labor, energy savings Energy Efficiency

Renewable Energy Veterinary Hospital Rooftop solar panels $148,050 Total Cost $ 20,000 REAP Grant $128,050 Applicant Funds 30-40% reduction in operating expenses

Laundromat & Dry Cleaner Energy efficient equipment $42,040 Total Cost $10,510 REAP Grant $31,531 Dealer Financing 52% energy savings Energy Efficiency

Small Energy Company & Dairy Farmers 1 MW Anaerobic digester $4.15 Million Total Cost $100,000 REAP Grant $2.65 Million REAP Guarantee Powers an equivalent of 700 homes/year Renewable Energy

Nursery Energy efficient glass roof, radiant heat, fans, vents, & computerized controls $287,855 Total Cost $ 71,964 REAP Grant $100,000 REAP Guarantee $115,891 Commercial Loan 40% reduction in energy costs Energy Efficiency

Rural Auto Repair Shop 11 kW micro-hydropower turbine $78,511 Total Cost $19,695 REAP Grant $58,816 Applicant Funds 51% reduction in energy costs Renewable Energy

Grocery Store Energy efficient cooler doors $41,363 Total Cost $8,827 REAP Grant $2,950 Electric Co-op Rebate $500 per month savings Rural Manufacturer Efficient lighting system $78,511 Total Cost $19,695 REAP Grant $58,816 Applicant Funds 50% savings on lighting bill Energy Efficiency

Grocery Store Geothermal heat, energy efficient coolers & lighting $198,600 Total Cost $49,650 REAP Grant $148,950 Commercial Loan 40% reduction in energy costs Renewable Energy

Flower & Gift Shop Energy efficient heating & cooling, insulation $34,509Total Cost $8,627 REAP Grant $17,200 REAP Guarantee $8,682 Applicant Funds 60% reduction in energy costs Energy Efficiency

Contact the USDA Rural Development Energy Coordinator in your state for application materials and resources: Coordinators.pdf Submit applications any time of year. Applications compete for funding based on score throughout the year. How to Apply

Additional Funding & Technical Assistance State Agencies & Programs Incentives From Local Utilities Commercial Lenders

Rural Business-Cooperative Service Energy Programs Rural Energy for America Program (REAP) Rural Energy for America Program (REAP) USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., S.W., Washington, DC or call (866) (Toll-free Customer Service), (800) (Local or Federal relay), (866) (Relay voice users).