{"id":2335,"date":"2023-02-23T16:57:10","date_gmt":"2023-02-23T16:57:10","guid":{"rendered":"https:\/\/colitetech.com\/?p=2335"},"modified":"2023-08-04T17:55:36","modified_gmt":"2023-08-04T17:55:36","slug":"case-study-reap-grant-for-solar-project","status":"publish","type":"post","link":"https:\/\/colitetech.com\/blog\/case-study-reap-grant-for-solar-project\/","title":{"rendered":"Case Study: REAP Grant for Solar Project"},"content":{"rendered":"

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Colite Technologies strives to help business owners understand and leverage the many benefits of solar energy<\/a><\/strong><\/span>, including available incentive programs that make solar more accessible. One of these programs is REAP by the United States Department of Agriculture (USDA), created for agricultural producers, such as farmers and ranchers, and small businesses in rural areas. We worked with one of our customers in Montana to apply for and receive a grant through REAP for their 23.7 kW rooftop solar system \u2013 here is how we did it.<\/p>\n

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What is REAP?<\/span><\/span>\u00a0<\/span><\/h1>\n

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The <\/span>Rural Energy for America Program (REAP)<\/a><\/strong><\/span> offers guaranteed loan financing and grant funding to agricultural producers and rural small businesses to install renewable energy systems or to make energy efficiency improvements. It encourages greater private sector supply of renewable energy which increases energy independence and decreases overall energy demand in the US. On a more local level, the loans and grants can make a huge impact on the financial viability of a project and can be the deciding factor on whether a person moves forward with a renewable energy project or not. There are three options for funding through REAP:<\/span>\u00a0<\/span><\/p>\n

    \n
  1. Loan guarantees on loans up to 75% of total eligible project costs<\/span>\u00a0<\/span><\/li>\n
  2. Grants for up to 50% of total eligible project costs<\/span>\u00a0<\/span><\/li>\n
  3. Combined grant and loan guarantee funding up to 75% of total eligible project costs<\/span>\u00a0<\/span><\/li>\n<\/ol>\n

    Our case study will take us through the process of a REAP grant for a small business customer installing a renewable energy system in Montana.\u00a0<\/span>\u00a0<\/span><\/p>\n

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    Recent Updates to REAP<\/span><\/span><\/h1>\n

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    The REAP program is going through some changes due to an infusion of funds from the Inflation Reduction Act<\/a><\/strong>.<\/span> Here are some of the recent changes.\u00a0<\/span><\/span><\/p>\n

    <\/span><\/p>\n