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Leveraging Renewable Energy for Economic Growth in Appalachia

As Appalachia continues its economic transformation, renewable energy is emerging as a key driver of growth. The recently published REAP Report by Appalachian Voices highlights the significant impact of the Rural Energy for America Program (REAP), which supports small businesses and farmers in Appalachia by funding energy efficiency projects and renewable energy systems. These investments are not only reducing energy costs but also creating new job opportunities across the region.

With small-scale solar and wind energy projects growing, businesses are seeing both immediate and long-term benefits, including lower operational costs and a reduced carbon footprint. The report emphasizes that continued support for clean energy initiatives is essential for fostering sustainable development in Appalachia, positioning the region as a leader in the renewable energy sector.

Read the full report here to explore how local businesses and communities are taking advantage of renewable energy programs to drive economic resilience.

REAP provides loan guarantees and grants to farmers and rural small businesses for renewable energy systems and energy efficiency improvements. From 2014 to 2024, REAP supported: 462 projects in Kentucky, for a total of $77 million funded or guaranteed; 610 projects in North Carolina, for a total of $1.2 billion funded or guaranteed; 320 projects in Tennessee, for a total of $17 million funded or guaranteed; 209 projects in Virginia for a total of nearly $23 million funded or guaranteed; And 232 projects in West Virginia, for a total of $12 million funded or guaranteed.

Tags

appalachia, solar power, renewable energy, economic development