Biden-Harris Administration's Inflation Reduction Act Tops $1 Billion in Clean Energy Investments to Nearly 7,000 American Farms and Rural Small Businesses

Press Release

Release No. 0225.24

WASHINGTON, Nov. 14, 2024 - U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced today that USDA is funding new projects in nearly every state to lower costs, expand access to clean energy and strengthen American farms and small businesses. USDA is making the investments through the Rural Energy for America Program (REAP), a program that has seen record demand in response to historic funding provided by President Biden's Inflation Reduction Act.

"The Biden-Harris Administration and USDA are ensuring farmers, small business owners and rural communities have the resources they need for the future," Secretary Vilsack said. "The investments I'm announcing today will help rural communities lead our country toward an economy that benefits working people everywhere with lower costs and clean energy jobs."

Today, USDA is investing more than $256 million in loans and grants that will support more than 1,100 clean energy projects in 40 states.

Most of the projects being announced today are funded by President Biden's Inflation Reduction Act, the nation's largest-ever investment in combating the climate crisis.

Since the start of the Biden-Harris Administration, USDA has invested more than $2.7 billion through REAP in 9,901 renewable energy and energy efficiency improvements. Almost 7,000 of these projects were funded by over $1 billion provided by the Inflation Reduction Act.

REAP enables agricultural producers and rural small business owners to expand their use of wind, solar, geothermal and small hydropower energy and make energy efficiency improvements. These innovations help them increase their income, grow their businesses and address climate change while lowering energy costs for American families.

Here are examples of the awards being announced today:

• IPR Fresh, a produce wholesaler in Nogales, Arizona, is using a grant of more than $350,000 to install a roof-mounted, solar-power system that is expected to save nearly $67,000 a year and provide 100% of the company's electricity.
• Agriventures LLC in Pineview, Georgia, is using a grant of more than $111,000 to replace four center pivot irrigation systems that will save the family cotton farm more than $2,000 each year.
• Hydro Technology Systems Inc. in Stevens County, Washington, is using a grant of more than $172,000 to buy and install a hydropower retrofit turbine. The project will help the company generate enough hydroelectricity to power almost 760 homes.
• Tinedale Project LLC in Brown County, Wisconsin, is using a loan of more than $22 million to develop and operate a dairy manure anaerobic digester that will capture bio-methane and convert it into renewable natural gas to be transported through a local utility pipeline. The project is expected to create three jobs.

The investments announced today will benefit farmers, entrepreneurs and others in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia and Wisconsin.

USDA Rural Development provides loans and grants to expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. REAP is a part of the President's Justice40 Initiative which sets a goal that 40% of the benefits from certain federal investments go to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. USDA Rural Development supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, tribal and high-poverty areas. Visit the Rural Data Gateway to learn how and where these investments are impacting rural America. To subscribe to USDA Rural Development updates, visit the GovDelivery Subscriber Page.

USDA touches the lives of all Americans each day in so many positive ways. Under the Biden-Harris Administration, USDA is transforming America's food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate-smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.

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