 | | USDA's REAP Invites Applications for Energy and Efficency Projects |
Good news for rural developers and agricultural producers as Agriculture Secretary, Tom Vilsack, announces that the USDA is now accepting applications for a variety of energy efficiency and renewable energy projects. The funding for this initiative has been made available by the USDA’s Rural Energy for America Program (REAP) and authorized by the Food, Conservation, and Energy Act of 2008 (Farm Bill). Vilsack has said, “Renewable energy development presents an enormous economic opportunity for rural America. This funding will assist rural farmers, ranchers and business owners to build renewable energy projects, providing opportunities for new technologies, create green jobs and help America become more energy self-sufficient." According to the USDA, “The Rural Energy for America Program (REAP) is designed to help agricultural producers and rural small businesses reduce energy costs and consumption and help meet the Nation’s critical energy needs. For 2012, USDA has approximately $25.4 million budget authority available to fund REAP activities, which will support at least $12.5 million in grant and approximately $48.5 million in guaranteed loan program level awards. USDA is accepting the following applications: - Renewable energy system and energy efficiency improvement grant applications and combination grant and guaranteed loan applications until March 30, 2012;
- Renewable energy system and energy efficiency improvement guaranteed loan only applications on a continuous basis up to June 29, 2012;
- Renewable energy system feasibility study applications through March 30, 2012; and
- Energy audits and renewable energy development assistance applications through February 21, 2012.
More information on how to apply for funding is available in the January 20, 2012 Federal Register, pages 2948 through 2954. Are you a rural developer or food producer? Baker Tilly’s renewable energy and food and beverage team can help you apply for the USDA Rural Energy for America Program. Fill out the form below to get started.
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