Loan Terms

  • $5,000 minimum and $25 million maximum loan amount

  • Up to 85% loan guarantee

  • 30 years maximum term for real estate, or combined real estate/equipment loans

  • 15 years maximum term for equipment and machinery loans

  • 7 years maximum term for capital loans


Yes. The USDA REAP Grant may be combined with local, state, and federal solar incentives and energy tax credits. As mentioned above, you may be asked to provide a funding commitment statement from any other sources of funding therefore prearrange other solar incentives if possible.

a house with solar panels on the roof
a house with solar panels on the roof

Rural Energy for America Program (REAP):

REAP helps cover the cost to install energy efficiency improvements and new renewable energy systems –like solar panels and anaerobic

digesters – for farmers and rural small business owners. The program received $2 billion in theIRA, of which roughly $1.4 billion is available to award from FY22-24. As of November 1, 2023, Rural Development has received nearly $840 million in requests for REAP grant funding,constituting nearly 60 percent of the available funds. Requests and obligations for REAP are ongoing. USDA’s Rural Development--All of USDA Rural Development’s (RD) clean energy programsor rural Americans are oversubscribed and seeing record numbers of high-quality projects and proposals: Rural Energy for America Program (REAP): requests for funding are up over 1000 percent and awards are up over 600 percent since IRA funding was announced in December 2022; Powering Affordable Clean Energy Program (USDA PACE): for $1 billion availablfrom Congress, USDA received over $12 billion in requested funding for clean energy projects; and Empowering Rural America Program (New ERA): for $9.7 billion available from Congress, USDA received over $47 billion in requested funding. USDA listened to farmers and rural Americans across the country to design its Inflation

Reduction Act programs and as a result, USDA has received overwhelming and record-breakingnumbers of high-quality project applications. Thanks to Inflation Reduction Act funding, more farmers and more acres are enrolled in voluntary conservation practices than at any single pointin history, and even with this unprecedented funding, USDA is seeing more demand than we have funds to support. More farmers, rural businesses, utilities and electric cooperatives will alsobe able to reduce their energy costs leaving more dollars in the hands of rural communities.