U.S. Government to Provide $1 Billion for Rural Renewable Energy

reuters portfolio

Rural small businesses and farmers will be eligible to apply for $1 billion in grants to invest in clean energy beginning Saturday, the U.S. Department of Agriculture and the White House announced on Friday.

The money, funded by the Inflation Reduction Act (IRA), will be distributed through the USDA’s Rural Energy for America Program (REAP) and is meant to further the Biden administration’s efforts to cut climate-harming emissions across the American economy.