Coastal Community Capital Apply for a loan online today
5 Patti Page Way, Centerville, MA 02632
Mon - Fri      8:30 AM - 5:00 PM
508 790 2921

Renewable Energy

Coastal Community Capital partners with the USDA to provide funding through the Rural Energy for America Program (REAP) authorized by the Food, Conservation, and Energy Act of 2008 (Farm Bill). The REAP is designed to help agricultural producers and rural small businesses reduce energy costs and consumption and help meet the Nation's critical energy needs. For 2012, USDA has approximately a $25.4 million budget authority available to fund REAP activities, which will support at least $12.5 million in grant and approximately $48.5 million in guaranteed loan program level awards. This funding is an example of the many ways that USDA is helping revitalize rural economies to create opportunities for growth and prosperity, support innovative technologies, identify new markets for agricultural producers, and better utilize our nation's natural resources. 

IDEAL PROJECT Renewable Energy System and/or Energy Efficiency Improvement
REPAYMENT Level monthly payments of principal and interest
COLLATERAL Real estate or equipment required
SERVICING FEES Up to 3% of the debenture that can be financed with the loan. A servicing fee is collected monthly.
USES The development and construction of renewable energy systems and for energy efficiency improvement projects.

For more information on how to apply for funding, call us today: 508-362-3667

Last updated: May 16, 2012

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