REAP Peoria IL

Learn About REAP in Peoria IL, Alongside Other Solar Incentives

If a farmer considers the advantages of investing in solar power, our Federal Government offers an incredible incentive through the Rural Energy for America Program, also known as REAP. REAP in Peoria has led many farms to adopt solar energy as their electricity of choice. If interested in REAP yourself, talk with the solar experts at the Sun Collectors. We can help educate you on all the benefits and incentives of solar energy production.

What is REAP?

The goal of REAP is to help farmers and ranchers easily produce renewable energy. Farmers have the unique opportunity to seriously invest in renewable energy with their space for wind turbines or solar panels. Through REAP, farmers and rural businesses can receive grants and loan guarantees for energy-efficient improvements. However, under REAP, there are a few limits to the federal assistance you can receive. Such limits include:

• Loan guarantees on loans up to 75% of total eligible project costs.
• Grant funds only cover a maximum of 50% of the total cost to upgrade or install energy systems
• Grants and loans combined cannot exceed 75% of the total cost for energy system upgrades

Eligibility for this program covers numerous criteria, which can be found on the USDA website. Or, to receive assistance in applying for REAP, allow the solar experts at the Sun Collectors to guide you through the process.

More Solar Incentives

Whether you’re a farmer, small business or homeowner, there are numerous solar incentives available to you in Illinois. For example:

• Solar Renewable Energy Credits (SRECs) – For every megawatt-hour (MWh) of solar energy you produce but don’t use, you can return to the grid in exchange for credits of monetary value.
• Net Metering – Instead of exchanging extra energy for credits, like with the SREC Program, you can have your energy bill reduced or completely zeroed out.
• Property Tax Incentive – When installing a new solar system, Illinois’ Special Assessment for Solar Energy System can exempt your new panels from being part of a property tax assessment.

The Best Financing Options

If REAP in Peoria IL and other solar incentives aren’t enough for you, the Sun Collectors looks to convince you further. We offer our $0 down financing for all new solar panel installations. Instead of paying expensive installation fees, we don’t take any costs upfront. Furthermore, we work with customers to set up reasonable payment plans, with some as low as $49 per month.

Call Our Office

REAP in Peoria IL is only one way you can take advantage of the amazing incentives around solar energy. To learn more about Illinois solar incentives, as well as the benefits of solar power, talk with the experts at the Sun Collectors today! You can contact us at 309-323-8260 to request a quote. Also, we are located at 4507 N Sterling Ave, Ste 400, Peoria, IL 61615.