USDA Grant
Up to
$1.5 MILLION
IN FUNDING
GRANT MONEY AVAILABLE
The US Department of Agriculture has over $2 Billion in funding for their REAP (Rural Energy for America Program) Grant. Solar Systems AND replacing Inefficient Equipment both qualify for funding.
CASH FLOW OPPORTUNITIES
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Finance and Keep Grant Cash
Apply Tax Credits or Sell Them
Take Depreciation Benefits
Financing Typically Recoups
$500K - $2M CASH
After Installation
** Cash benefits will vary based on grant size and income tax liability for tax years 2021, 2022, 2023 and 2024**
Sep 30th Deadline
The grant applications will be reviewed in Oct of 2024 and recipients will be notified about 60 days later.
Locations Requirements
A business must be located in a “rural” area. Explore the USDA Qualifiying Areas Map.
Small Business Requirements
A business must generally have under 1,000 employees to be eligible.
Taxes
Grant funds that are allocated will be considered taxable income to the company, but system depreciation can be used to eliminate this revenue.
Frequently Asked Question
The USDA Grant will cover 50% of a system’s cost. It can also be used with tax credits, depreciation, & bank financing.