Berkeley Chamber of Commerce News

REAP Grant and Loan Opportunities available for Small Business in SC from the USDA Rural Development

Posted by Berkeley Chamber of Commerce on January 18, 2016 in Announcements , Government Affairs
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REAP Grant and Loan Opportunities available for Small Business in SC from the USDA Rural Development

Renewable Energy Systems and Energy Efficiency Improvements Assistance

USDA Can Help You Make Your Rural Business, Farm or Ranch More Profitable

USDA is offering grants and loan guarantees to help rural businesses and agricultural producers reduce their energy costs and consumption.

The funding is being provided through USDA Rural Development’s Rural Energy for America Program (REAP).  Loans and grants are available to install renewable energy systems or make energy efficiency improvements.

Renewable energy systems include solar, wind, geothermal, anaerobic digesters, renewable biomass, hydrogen and hydropower.

Energy efficiency improvements include lighting, refrigeration, facility improvements (such as adding insulation or replacing windows), heating and cooling upgrades, motor replacements and automated control upgrades.

Grants of up to 25% of a project’s total costs are available.

  • The maximum grants are $250,000 for energy efficiency improvements and $500,000 for renewable energy systems Loans guarantees of up to 75% of a project’s total costs are available.
  • The minimum loan is $5,000
  • The maximum loan is $25 million

Some areas contiguous with Columbia, Charleston and Greenville are not eligible, call for a determination.

Don’t miss this great opportunity!

For more information, contact: Doug Dunkelberg, doug.dunkelberg@sc.usda.gov  803-765-5330; Shannon Legree 803-253-3150 or Jesse T. Risher,  jesse.risher@sc.usda.gov  803-765-5881

REAP Grant and Loan Opportunities available for Small Business in SC from the USDA Rural Development