Rural Energy for America Program Renewable Energy Systems & Energy Efficiency Improvement Loans & Grants in North Carolina

Empowering rural businesses and farmers: This program offers grants to help agricultural producers and rural small businesses invest in renewable energy systems and energy efficiency improvements. Who can apply: • Agricultural producers: Entities generating at least 50% of their income from agriculture. • Small businesses: Located in eligible rural areas, meeting SBA size standards, and with no outstanding federal debt. What projects are eligible: • Renewable energy systems: Biomass, geothermal, hydropower, hydrogen, wind, solar, ocean energy. • Energy efficiency improvements: HVAC, insulation, lighting, motors, pumps, doors, windows, etc. Funding available: • Loan guarantees: Up to 75% of project costs. • Grants: Up to 50% of project costs (25% for most projects). • Combined funding: Up to 75% of project costs. Key details: • Project location: Rural areas (50,000 residents or less) or associated with on-site agricultural production. • Matching funds: Required for grant-only applications (50% for specific projects). • Technical requirements:** Projects must use commercially available technology. • Environmental review:** Mandatory before award or construction.