Why More Companies are Investing in Solar
As more companies look for ways to reduce their carbon
May 24, 2023
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Agricultural producers with at least 50% of their gross income coming from agricultural operations and small businesses in eligible rural areas may apply.
Note: Agricultural producers and small businesses must have no outstanding delinquent federal taxes, debt, judgement, or debarment.
Businesses must be located in rural areas with populations of 50,000 residents or less. Agricultural producers may be in rural or non-rural areas.
Check eligible business addresses here.
There are grants available for up to 50% of total eligible project costs.
Renewable Energy System Grants have a $2,500 minimum and a $1 million maximum. Energy Efficient Grants have a $1,500 minimum and a $500,000 maximum.
Applicants must provide at least 60% of the project cost if applying for a grant. In addition, all projects must have technical merit and utilize commercially available technology.
With the USDA Grants covering up to 50% of the total project cost, and a 30% tax credit through the federal government, 80% of the total project cost will be paid for. To put this into perspective, a $200,000 project would only cost $40,000 after the USDA Grants and federal tax credits come into play.
This program is meant to increase American energy independence by making clean energy more accessible for small businesses and agricultural producers. The USDA does this by increasing the supply of renewable energy in the private sector.
The USDA grants are through the Code of Federal Regulation. However, the Rural Energy for America Program for renewable energy at-large is authorized by Title IX of the Agricultural Improvement Act of 2018.
You can contact your State Rural Development Energy Coordinator. To get started, applications are available year-round at your local office!
As more companies look for ways to reduce their carbon
New York, like many states in the U.S., is embracing
Solar energy is an environmentally friendly and cost-effective way to
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