USDA REAP Grant for Small Businesses
For small rural businesses, a USDA REAP grant can potentially provide grant funding for renewable energy projects (wind or solar) or energy-efficiency retrofits. These grants also provide loan guarantees used to finance energy projects.
If a business is located in a rural area with a population size under 50,000—and also meets the definition of “small business”—the USDA REAP grant can provide up to 25% in grant funding. Even businesses with several hundred employees can potentially meet the definition of “small business.” This grant is highly competitive, but can provide financial assistance if awarded. Tick Tock Energy provides grant-writing services and has a great track record of helping our clients land grant-funding.
Keep in mind grant funding is also considered taxable income.
Contact Tick Tock Energy today to speak with a knowledgeable sales consultant who can help you further understand and navigate the available options, and identify solar incentives for your location and business.