Are you a small business owner? Is your company located in Charlottesville or one of the surrounding counties? If so, your company is most likely eligible for the REAP grant, put out by the USDA’s Department of Rural Development. As long as your small business is located in an area outside of a city containing 50,000+ residents, your business is eligible to apply for this grant (i.e. businesses located in Charlottesville and surrounding counties are all eligible).
How much does the REAP grant pay for?
The REAP grant will cover 25% of your total project costs for a renewable energy system, before taxes, in cash. This means you get 25% of the project costs upon completion of the system, and then get to claim all the tax incentives as well. Systems that are able to secure the REAP grant typically have a very strong return-on-investment.
What are the eligible costs?
The REAP grant will cover 25% of all project costs, including site work, pre-planning, installation & commissioning. The minimum award size is $2,500, and the maximum is $500,000.
How do I apply for it?
Entero Energy has written multiple REAP grants that have been successfully funded. If you would like to apply for this grant, Entero Energy will write your grant for free. Contact us today if you would like to learn more about the REAP program, and see if it makes sense for your business.