The Rural Business Cooperative Service (RBCS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA) is issuing a Notice of Funding Opportunity (NOFO) to announce acceptance of grant, guaranteed loan, and combined grant and guaranteed loan applications under the Rural Energy for America Program (REAP). This notice announces the deadlines, dates, and times that applications must be received in order to be considered for REAP funds. The NOFO is being issued for Fiscal Years (FY) 2025, 2026, and 2027. The notice will not be applied retroactively to any applications previously filed. Applications received on or after October 16, 2024, through September 30, 2027, will be evaluated and scored according to the Federal Register October 16, 2024, at 89 FR 83449 - 2024-23854.pdf (govinfo.gov), unless otherwise amended via a subsequent notice. Applications received between July 2, 2024, and October 15, 2024, will be evaluated and scored according to the Federal Register March 31, 2023, at 88 FR 19239 - Link notice: 2023-06376.pdf (govinfo.gov). This funding opportunity posting only applies to FY 2025. Subsequent funding opportunity postings will be published July 1, 2025, (FY 2026) and July 1, 2026 (FY 2027).