Sep. 30—U.S. Department of Agriculture (USDA) Secretary Tom Vilsack recently announced that USDA is awarding $266 million in loans and grants to agriculture producers and rural small businesses to make investments in renewable energy and energy efficiency improvements that will lower their energy costs, generate new income, and strengthen the resilience of their operation. This funding is made possible in part by the Inflation Reduction Act, the nation's largest-ever investment in combatting the climate crisis.

"Creating opportunity for rural communities means investing in farmers, ranchers, and small businesses," Secretary Vilsack said. "A key pillar of Bidenomics, President Biden's Investing in America agenda is ensuring our producers and business owners are not only a part of the clean energy economy but are directly benefitting from it. These once-in-a-generation investments in renewable energy, like wind and solar, and energy efficient technologies create new markets and deliver real cost savings for our small and mid-sized agricultural operations and Main Street businesses, building and keeping wealth in rural America."

USDA is investing $266 million in 1,334 renewable energy and energy-efficiency projects in 47 states, Guam and Puerto Rico. The Department is awarding the loans and grants through the Rural Energy for America Program (REAP), including funding from the landmark Inflation Reduction Act.

Since December, USDA has made up to $1.3 billion available in REAP funding through the Inflation Reduction Act. Eligible applicants include rural small business owners and agricultural producers. The program is part of the Justice40 Initiative, which is working to ensure that 40 percent of the benefits of certain federal investments reach communities that are marginalized, underserved and overburdened by pollution and underinvestment.

The funding announced is part of President Joe Biden's Investing in America agenda to grow the American economy from the middle-out and bottom up — from rebuilding our nation's infrastructure, to driving over $500 billion in private sector manufacturing and clean energy investments in the United States, to creating good-paying jobs and building a clean-energy economy that will combat climate change and make our communities more resilient.

For example: E.C. Porter Store Inc. will use $136,577 in Renewable Energy and Energy Efficiency Loans and Grants from the Rural Energy for America Program (REAP) to make energy efficiency improvements to their refrigeration, bakery and deli cases.

This project is expected to save $16,201.33 per year for the London grocery store. This system will save 420,387 kilowatt hours (kWh) of energy per year, which is enough energy to power 38.7 homes.

"By investing in these clean energy projects, we're not only helping the environment but also helping each business's bottom line," said Dr. Tom Carew, Rural Development Kentucky State Director. "These investments show the Biden-Harris administration's commitment to helping the economy from the middle out and the bottom up."

USDA is making awards in Alabama, Alaska, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, Guam and Puerto Rico.

The Department expects to make additional awards in the coming months.

USDA continues to accept applications and will hold funding competitions quarterly through Sept. 30, 2024. The funding includes $144.5 million for underutilized renewable energy technologies. For additional information on application deadlines and submission details, see page 19239 of the March 31 Federal Register.