USDA REAP Program Could Bring More Business to Geothermal Drillers
Program Offers Financial Aid for GHP Systems
The U.S. Department of Agriculture (USDA) is increasing job prospects for geothermal drillers by making geothermal heating and cooling systems more affordable for potential customers.
More than $280 million is being made available to eligible applicants through the Rural Energy for America Program (REAP). The agency is offering grants to rural agricultural producers and small business owners for up to 25 percent of project costs. The USDA is also making loan guarantees for up to 75 percent of total project costs available.