Increased support for rural renewable energy and farm modernization grants
This Act modernizes the Rural Energy for America Program (REAP), making it easier for farmers, small businesses, and cooperatives to access grants for renewable energy systems. It increases the maximum grant amount to 50% of project costs and introduces streamlined application procedures. The goal is to promote greenhouse gas reduction and support systems that combine energy production with agricultural activities.
Key points
Higher Grants: The maximum grant amount for renewable energy projects increases from 25% to 50% of the total project costs, significantly lowering expenses for farmers and small businesses.
Simplified Applications: A streamlined application process will be developed, making it easier for rural entities to apply for financial assistance.
Climate Focus: Project evaluation criteria now include the potential of the project to reduce greenhouse gas emissions and provide other climate benefits.
Expanded Eligibility: Producer cooperatives and non-governmental organizations are explicitly added as eligible entities for certain program components.
Dual-Use Study: A study will be conducted on 'dual-use energy systems'—where renewable energy production and agricultural production occur together on the same land.
Expired
Citizen Poll