Date: 7/11/2016

The U.S. Department of Agriculture (USDA) recently announced funding awards for 821 renewable energy and energy efficiency projects as part of the Rural Energy for America Program (REAP). This round of REAP funding will provide $43.2 million in loan guarantees and $11.6 million in grants for rural small businesses and agricultural producers. From 2009 to date, REAP has helped finance more than 11,000 renewable energy and energy efficiency projects that have reduced energy costs for roughly 15,000 rural businesses. During this period, USDA has provided more than $373 million in grants and almost $481 million in loan guarantees. When operational, these projects will generate or save almost 9 million megawatt-hours, enough to power more than 730,000 homes and reduce greenhouse gas emissions by more 5 million metric tons in carbon dioxide each year. That is the equivalent of removing more than 1.1 million cars from our roads.

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