Financial Incentives

With Federal Tax Credits (or Grants) and USDA Grants up to 55% of your total project costs can be covered.  Many states and local utilities offer additional incentives that can cover even more costs.

Bottom Line:

Some customers pay only 25% of the total installed small wind turbine project cost after incentives are considered.

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Incentives for Farmers and Rural Businesses -  USDA REAP Program
Federal Tax Credits
State / Local Incentives

Incentives for Farmers and Rural Businesses -  USDA REAP Program

How much are the grants?

The grants are awarded on a competitive basis and can be up to 25% of total eligible project costs. Grants are limited to $500,000 for renewable energy systems and $250,000 for energy efficiency improvements. Grant requests as low as $2,500 for renewable energy systems and $1,500 for energy efficiency improvements will be considered. At least 20% of the grant funds awarded must be for grants of $20,000 or less.

Who is eligible?

The program is designed to assist farmers, ranchers and rural small businesses that are able to demonstrate financial need. All agricultural producers, including farmers and ranchers, who gain 50% or more of their gross income from the agricultural operations are eligible. Small businesses that are located in a rural area can also apply. Rural electric cooperatives may also be eligible to apply.

What types of projects are eligible?

Most rural projects that reduce energy use and result in savings for the agricultural producer or small business are eligible as energy efficiency projects. These include projects such as retrofitting lighting or insulation, or purchasing or replacing equipment with more efficiency units. Eligible renewable energy projects include projects that produce energy from wind, solar, biomass, geothermal, hydro power and hydrogen-based sources. The projects can produce any form of energy including, heat, electricity, or fuel.

For all projects, the system must be located in a rural area, must be technically feasible, and must be owned by the applicant.

How to Apply

To apply for funding for the REAP Grant Program, please contact your Rural Development State Office.

OR

Contact Us for assistance in applying for REAP Grants and/or Loans

Federal Tax Credits

Click HERE for more information on the 30% Federal Income Tax Credit incentive.

State / Local Incentives

Enter your zip code HERE to be taken to incentives in your state.

OR

Visit www.dsireusa.org to learn more about incentives in your area