By Gail Leverson, MBA, EDFP - Senior Funding Specialist April 19, 2023
The Rural Energy for America Program provides guaranteed loan financing and grant funding to rural small businesses in eligible areas for renewable energy systems or to make energy efficiency improvements. Available funding includes grants for up to 50% of total eligible project costs and combined grant and loan guarantee funding for up to 75% of total eligible project costs.
Funds can be used for renewable energy systems, such as:
Renewable Energy System Grant terms are $2,500 minimum and $1 million maximum.
Funds may also be used for the purchase, installation, and construction of energy efficiency improvements, such as:
Energy Efficiency Grant terms are $1,500 minimum and $500,000 maximum.
Applications are accepted every quarter with the next period deadline of June 30, 2023.
Contact Widseth for help with getting your application started.