What is the REAP Grant (Rural Energy for America Program)?
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant designed to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
| savings | Take advantage of REAP Grant savingsThe REAP grant can cover up to 50% of your solar energy system costs allowing you to break even in as little as 1 year. There are millions of dollars available to rural and small to mid-size businesses in North Carolina, as well as AG producers through this program. |
| handshake | How can Greentech Renewables help?Greentech Renewables can help you with each stage of the grant application process, from finding an installer to working with a grant writer. |
| sunny | Can I take advantage of the REAPGrant?Small businesses in eligible rural areas of North Carolina and any agricultural producer can apply and may be eligible.
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Act Now!
While North Carolina offers several incentives to commercial solar owners, none will have a larger impact that the USDA's REAP Grant. The 50% rebate on your solar energy system is one of the best incentives offered in the history of the solar industry, so take advantage of the USDA's REAP Grant while it is still available. Fill out our interest form to get started!
Solar Incentives in North Carolina
While Duke Energy provides service to multiple states, its Solar Rebate Program is only available in North Carolina. Commercial customers get 30 cents per watt for a rebate of up to $30,000.
North Carolina offers an 80% property tax exemption for commercial installations, meaning only 20% of the value of your solar system will count towards your taxable property value.
A tax deduction is available to owners of qualified commercial buildings in North Carolina. For property placed in service in 2023 and after, the deduction equals $0.50 per square foot of any building with 25% energy savings. This increases by $0.02 per square foot for each percentage point beyond 25%, up to a maximum of $1.00 per square foot for a building with 50% energy savings. Projects that meet labor requirements detailed in the Inflation Reduction Act can qualify for a huger deduction of between $2.50 and $5.00 following the same rule as above with a $0.10 increase per square foot instead of $0.02.
The REAP Grant is available in:
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