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

Homeland Energy Solutions, LLC received a $1,000,000 project grant awarded on July 17, 2025, by the Rural Business Cooperative Services under the Rural Energy for America Program (REAP, CFDA 10.868). The grant supports the delivery of renewable energy systems and energy efficiency improvements to agricultural producers and rural small businesses in Iowa. Eligible project deliverables include solar panel installations, wind turbines, geothermal systems, and building efficiency upgrades designed to reduce energy costs and consumption while advancing renewable energy adoption in rural communities.

Grant funds are provided on a reimbursement basis upon project completion and operational status, with an ultimate completion date of July 17, 2027. Under REAP guidelines, the $1,000,000 award represents up to 25 percent of eligible project costs, with combined grants and guaranteed loans not to exceed 75 percent of total eligible project costs. The two-year performance period aligns with standard REAP implementation timelines for rural energy development initiatives.