Billion dollar IRA fund opened to US farmers for renewable energy

A billion dollars in funding from President Biden’s landmark Inflation Reduction Act has been made available to help American farmers and rural businesses invest in renewable energy systems and efficiency improvements.

“Supporting renewable energy and energy-saving systems helps the people of rural America create thriving, livable communities,” said Agriculture Secretary Tom Vilsack.

“When we invest in rural communities, we are supporting hard work that sends a ripple effect across our country. Clean energy is critical to the future of our economy, and the Inflation Reduction Act provides the Biden-Harris Administration with the resources to build a more prosperous rural America while tackling the climate crisis and lowering energy costs.”

Offered through the Rural Energy for America Program (REAP), the grant size for energy efficiency projects reflects an increase from $250,000 to $500,000. Renewable energy system grants have also increased from $500,000 to $1 million.