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

Inflation Reduction Act Funding for Rural Development

Author

Rural Development

Full Title

Inflation Reduction Act Funding for Rural Development

URL
https://www.rd.usda.gov/inflation-reduction-act
Last Highlighted
June 8, 2023 1:59 PM (CDT)
Last Synced
June 8, 2023 2:01 PM (CDT)
Category
articles
Highlights
2
Tags
baddies

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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.