The US Department of Agriculture (USDA) has disbursed $63 million in grants and loans to help fund 264 renewable and energy efficiency rural projects across the US.
The funds are being used to install solar panels, wind turbines and in one instance to acquire a biodiesel plant. In total, the latest investment round of the Rural Energy for America Program will generate enough electricity to power an equivalent 13,600 homes for a year. Grants in this latest round ranged from $16,000 to $4 million.
Applications for REAP’s next round of grants and loans must be submitted by 2 November.
Originally created as part of the 2002 Farm Bill, REAP has supported more than 9,600 renewable and energy efficiency projects through more than $291 million in grants and $327 million in loan guarantees to agricultural producers and small business owners.