Private for-profit entity (sole Proprietorship, Partnership, or Corporation).Must be located in eligible rural areas and one of the following:.An entity directly engaged in production of agricultural products where at least 50 percent of their gross income coming from agricultural operations.Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing. The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. Applicable to REAP RES/EEI grant applications received on or after April 1, 2023 Rural Energy for America Program: Inflation Reduction Act Changes.REAP Renewable Energy Systems & Energy Efficiency Improvements FAQs.Notice of Solicitation of Applications for the Rural Energy for America Program for Fiscal Years 20, Correction.
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