Interested applicants should consider the following:
- Projects must be located in a rural area.
- REAP grants and guarantees may be used individually or in combination. Together they may finance up to 75% of a project's cost.
- Grants can finance up to 25% of project cost, not to exceed $500,000 for renewables, $250,000 for efficiency.
- Applications ≤ $20,000 are strongly preferred.
- New "REAP-Feasibility Study" grants will be available to pay 25% of the cost (up to $50,000) of obtaining renewable energy feasibility studies.
- The deadline for REAP applications is July 31, 2009.