Rural Energy for America Program (REAP)

The USDA Rural Development State Office in Palmer is currently
accepting applications for the Rural Energy for America Program (REAP).
It is anticipated that the deadline could be as early as April 1.
Therefore we advise all those who are interested in applying for this
year's funding to start the application process if you have not done so
already.

Before you start the application process, please contact our office to
request an application template. We will be able to provide all
application materials via email to those wishing to apply. Also, our
office would be happy to check your application for completeness and
competitiveness prior to this year's deadline.

Under this program agriculture producers and small businesses can
obtain grants and guaranteed loans for energy efficiency and renewable
energy projects.

Under the Rural Energy for America Program (REAP) we can fund up to 25%
of your project with grant funds. If you later decide to include loans
we can cover up to 75% (25% grant, 50% guaranteed loan) under the REAP.
Alternatively, we could potentially support 100% of your project if we
couple the REAP with our Business and Industry Loan Guarantee program.
(E.g., 75% B&I guaranteed loan and a 25% REAP grant).

Energy Efficiency:

Grants $1,500-$250,000

Loan guarantees are up to $25,000,000

Renewable Energy:

Grants $2,500-$500,000

Loan guarantees are up to $25,000,000

If you have questions or would like to discuss the REAP application
process further, please feel free to contact J. Chad Stovall at your convenience.
The forwarding of this information to any and all parties is highly
encouraged and would be greatly appreciated. Thank you.


Contact Information:
J. Chad Stovall
Business & Energy Programs Specialist
USDA Rural Development | Alaska State Office
800 W. Evergreen, Ste 201 | Palmer, AK 99645
Phone: (907) 761-7718 | Fax: (907) 761-7793
chad.stovall@ak.usda.gov