A REAP grant is offered by the USDA and is great options for farms and small businesses interested in offsetting up-to 25% of the cost of a solar.
- Receive a check back for up to 25% of the cost of the solar array
- Very competitive, which means a low chance of being awarded the grant.
- Income from the grant is taxable income.
- Income from the grant reduces the total cost of the system, lowering the tax credit amount and depreciation.
WHO MAY APPLY?
- Agricultural producers with at least 50% of gross income coming from agricultural operations
- Small businesses in eligible rural areas
WANT TO LEARN MORE?
Ready to apply? Our professional grant writers can help you through the application process. Click here to contact us and let us know you’d like to apply for a REAP Grant.