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Rural Energy Program Boost: More Funds, Easier Access, Climate Focus

This act expands and improves the Rural Energy for America Program (REAP), increasing available funds and simplifying access. Rural citizens and businesses can expect larger grants and streamlined procedures, encouraging investment in clean energy and reducing greenhouse gas emissions. The changes aim to lower energy costs and promote sustainable development in agriculture.
Key points
Increased funding for rural renewable energy projects to $1 billion, providing more resources for investments.
Streamlined application process for grants and financial assistance, making the program more accessible for farmers and small businesses.
Expanded eligibility to include producer cooperatives and non-governmental organizations, broadening participation.
Prioritization of projects that reduce greenhouse gas emissions and offer other climate benefits.
Increased maximum grant funding level to 50% of project costs, significantly lowering initial expenses for beneficiaries.
Establishment of a reserve fund for underused renewable energy technologies, fostering innovation.
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Additional Information
Print number: 117_S_2243
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-06-24