Inflation Reduction Act Funding for Rural Development
Inflation Reduction Act Funding for Rural Development

Inflation Reduction Act Funding for Rural Development

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Rural Development

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Inflation Reduction Act Funding for Rural Development

Last Highlighted
June 8, 2023 1:59 PM (CST)
Last Synced
June 8, 2023 2:01 PM (CST)
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2
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Section 22002: Up to $2.025 billion for the RBCS Rural Energy for America Program (REAP), with $303 million set aside for underutilized technologies and technical assistance. Funds are anticipated to support renewable energy and energy-efficiency projects for more than 41,500 farms and small businesses.

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Section 22004: Up to $9.7 billion for RUS to offer loans, grants, loan modifications and other financial assistance to support the purchase of renewable energy systems, zero-emission systems and carbon capture systems.