Did you know that you can use USDA farm grants to fund solar power initiatives on your farm or ranch? Solar panels can increase your operation’s profitability. One government grant for solar panels on farms is called the Rural Energy for America Program (REAP).
REAP is a USDA program that gives farmers free money to install renewable energy or make energy efficiency improvements on their farm or ranch. You can get up to $500,000 for installing things like:
If you prefer focusing on energy efficiency improvements, you can get up to $250,000 for projects such as:
While this is pretty exciting, it’s important to note that REAP will only cover 25% of your costs. This program is an example of a cost share where if your project costs $1,000, they will only fund 25% (or $250) meaning you must be prepared to pay for 75% of the costs (or in this scenario $750).
It’s something to keep in mind since these projects can be quite expensive. Still it is 25% less than you would pay on your own.
Looking for more funding? Team up with FarmRaise to explore hundreds of funding options and match with farm grants.
REAP requires that either you:
If you meet one of these two criteria, then you’re most likely eligible!
If you’re looking to fund and install solar panels on your farm, making energy efficient improvements can boost your profitability. REAP grants that help you switch to solar power can seem complicated and time consuming. Additionally, applications are narrative based, making them writing and time intensive.
Some farmers choose to hire a grant writer to simplify this process, and through our Premium program, FarmRaise can match you with a grant writer. However, if you are curious about writing a grant on your own, our Farm Funding Advisors can help you think through these options in a 1:1 call. Get started with FarmRaise Premium to take the next step.
