Thursday, May 6, 2010

Deadline for REAP grant

I have blogged before about USDA’s Rural Energy for America Program (REAP) Grant (in case you missed that post you can find it here at ) However, I wanted to revisit that grant program again and make sure you were aware of its impending due date. The Indiana USDA Rural Development State Office has received approximately $1.2 million in REAP grant funds allocation and approximately $6.2 million in loan fund allocation. In order to be considered to receive funding from the Indiana state allocation of grant funds, applications must be received by the state USDA Rural Development office no later than 4:30 PM on Monday, May 17, 2010. If an application is received by USDA after May 17, 2010, but before June 30, 2010, then the application may only be considered to receive funding from the national funding allocation. Please note the final deadline for any REAP grant applications to be considered for funding in FY 2010 is 4:30 PM on June 30, 2010.

If you will recall the REAP grant is for energy efficient ideas for your farm or small business that could reduce energy use and result in financial savings for your operation. Grants are awarded on a competitive basis and are for up to 25% of total eligible project costs. Grants range from $2,500-$500,000 for renewable energy systems and between $1,500-$250,000 for energy efficiency improvements. Check out USDA’s REAP website for the full program guidance.

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