REAP
True or False: combined incentives + REAP grant can cover 100% of project costs.
TRUE
Agricultural producers - an entity directly engaged in production of agricultural products where at least 50% of their gross income comes from agricultural operations. Location does not matter.
OR rural small businesses - must be located in eligible rural areas and one of the following:
for profit entity, a cooperative, an electric utility(including a tribal or governmental electric utility providing service to rural consumers, or a tribal corporation or tribally-owned entity
The NYS All-Electric Buildings Act prohibits the installation of fossil-fuel equipment and building systems in NEW BUILDINGS. The first phase impacts new builds not more than seven stories in height or any commercial or industrial buildings with 100,000 sq ft or less in conditioned floor area, for which a substantially complete building permit application is submitted on or after THIS date
December 31, 2025 (aka starting in 2026)
REAP is under the umbrella of what US government agency?
U.S. Dept of Agriculture (USDA)
Name two GreenSpark customers who have been awarded REAP grants.
-Cherry Lawn Fruit Farms (both projects)
-Upstate Door (phase I)
-Mastercraft Decorators
-Norwich Meadow Farms
-Upstate Breaker
The Act is relevant for projects with a substantially complete building permit application that is submitted after THIS DATE for buildings seven stories or more.
December 31, 2028 (aka starting in 2029)
REAP stands for what?
Rural Energy for America Program
What is the maximum grant amount for solar through REAP?
50% of project cost with maximum grant of $1,000,000
This Act impacts all new builds, both commercial and residential. For commercial, there are exceptions for certain industries such as restaurants, hospitals, doctors' offices, factories, ag buildings.
Are existing buildings impacted by the law?
No, existing buildings are not impacted, and fuel-generated power sources like emergency generators are still allowed as backup power systems.
REAP funding was recently expanded into what years?
2025, 2026, 2027
True or False: GreenSpark applies for REAP on the customer behalf.
False - GreenSpark makes it easy for our customers and facilitates the process. We partner with and connect customers with EIM Grants to fill out the REAP application.
NYSERDA has two commercial funding programs aimed to encourage carbon neutral building design. Name one of the programs.
NYSERDA Building Cleaner Communities Competition (cuts across all industries)
NYSERDA Buildings of Excellence (multifamily buildings)
What % of project costs can REAP cover?
REAP funding provides a grant of up to 50% for eligible solar projects - 50% of gross cost of the system.
In 2025, REAP will be the primary focus of C&I lead generation and marketing strategy. One additional strategy for 2025 includes focusing on areas eligible for this 'bonus adder' category that was a part of the Inflation Reduction Act. Name this tax credit bonus that focuses on 1.) census tracts that have had coal mine closures, or metro 2002-2010, and tracts that are directly adjoining. OR 2.) areas that have had for at least one year since 2009, a .17% or greater direct employment related to extraction, processing, transport, or storage of coal, oil, or natural gas and have an unemployment rates that are equal to or greater than the national avg unemployment rate
The Energy Community Tax Credit Bonus (10% additional tax credit)
Name two associated industries that marketing will target to increase education around this new policy and hopefully create long-term partnerships and referral streams.
Designers and Architects
Developers
Builders
Realtors
Roofers, HVAC, electricians, engineers, etc.