This NOSA announces that the USDA Rural Business-Cooperative Service (Agency) is accepting grants, guaranteed loan, and combined grant and guaranteed loan applications under the Rural Energy for America Program (REAP) program for FY 2022.
REAP program helps applicants reduce energy costs and consumption and helps meet the Nation’s critical energy needs.
Applications for REAP may be submitted at any time throughout the year. The NOSA is being issued prior to the passage of a final appropriations act for FY22 to allow potential applicants time to submit applications for financial assistance under the program and to give the Agency time to process applications within the current FY.
Matching funds are required for at least 25% of the total project cost.
Agricultural producers and rural small businesses for Renewable Energy Systems (RES)/ Energy Efficiency Improvements (EEI) projects and agriculture producers for Energy Efficient Equipment and Systems (EEE) Projects.
AVAILABLE FUNDING AND APPLICATION WINDOW:
Approximate Number of Awards: The estimated number of awards is 1,000 based on the historical average grant size and the anticipated mandatory funding of $50 million for the FY. The number of awards will depend on the actual amount of funds made available and on the number of eligible applicants participating in this program.
For Renewable Energy Systems (RES) grants, the minimum grant is $2,500 and the maximum is $500,000.
For Energy Efficiency Improvements (EEI) grants, the minimum grant is $1,500 and the maximum grant is $250,000.
For RES/EEI/ Energy Efficient Equipment and Systems (EEE) loan guarantees or the loan guarantee portion of a combined RES/EEI funding request, the minimum REAP guaranteed loan amount is $5,000 and the maximum amount of a guaranteed loan to be provided to a borrower is $25 million.
Applications for the Renewable Energy Systems and Energy Efficiency Improvements (RES/EEI) grant program must be submitted via www.grants.gov or to Rural Development offices by no later than 4:30 p.m. local time on October 31, 2021, to compete for 50 percent FY22 set-aside funding and by no later than 4:30 p.m. local time on March 31, 2022, to compete for remaining FY22 RES/EEI grant funds. RES/EEI and Energy Efficient Equipment and Systems (EEE) guaranteed loan applications are competed on an ongoing basis.