SEC. 9007 reap-renew energy sys grants (man)

ST. Regis Solar, LLC received a $487,645 Project Grant award on May 9, 2025, from the Rural Business Cooperative Services to support renewable energy systems development under the Rural Energy for America Program (CFDA 10.868). The award, with a completion deadline of May 9, 2027, will fund solar panel installation and related renewable energy infrastructure improvements. This aligns with the program's objective to provide financial assistance to agricultural producers and rural small businesses for energy efficiency and renewable energy projects in Montana.

Under the Rural Energy for America Program, grant funds are provided on a reimbursement basis following project completion and operational status. The funded renewable energy project must demonstrate quantifiable energy production benefits, technical merit, and commercial viability. Grant awards under this program are capped at 25 percent of eligible project costs with a maximum of $500,000 for renewable energy systems, and combined grants and guaranteed loans cannot exceed 75 percent of total eligible project costs. ST. Regis Solar, LLC must retain all financial records and supporting documentation for at least three years following final disbursement of funds.