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EQIP: Environmental Quality Incentives Program

Apply for the EQIP program to receive over 50% OFF the retail price of a MK-V tractor to expedite your ROI and start saving up to $12,000* on fuel per year.

The EQIP (Environmental Quality Incentives Program) USDA NRCS program provides technical and financial assistance for farmers to address natural resource concerns, such as improved air quality or wildlife habitat.

*based on 1,800 hours of operations.

EQIP 2024 Program Details

Save more than 50% OFF the retail price of the MK-V tractor!

Payment

Rebates are directly fulfilled from the USDA to the purchaser. Payments are disbursed on a bi-annual basis. Pay out period varies state by state.

Eligibility

The purchaser must be a farmer, rancher, or forest landowner who either rents or owns agricultural lands. Whether you're involved in conventional or organic farming, specialty or commodity crops, forestry, wildlife, or livestock, EQIP can support your agricultural operations.

Underserved communities

If you are a historically underserved farmer or rancher, you may be eligible for an additional +10% rebate. Contact a Monarch specialist to determine if you qualify. Underserved communities may also qualify for partial rebate distribution upfront.

Scrap and replace

Funding is contingent on the replacement of an existing 32+ horsepower diesel tractor.

 

The Environmental Quality Incentives Program (EQIP) is offering over $8.4 billion over the next five years to mitigate natural resource concerns. The 100% electric MK-V tractor qualifies for this program. 

Monarch Tractor's goal is to drive farm profitability and planet sustainability. Data-driven decision-making, increased profitability, labor efficiencies, precision operations, better farm resiliency, and more — there are many advantages of adding an MK-V to your fleet. Don’t miss out on this opportunity to save more than 50% OFF the MK-V's retail price. Applications are accepted and processed year-round, so act now! 

Application Process:

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MonarchTractor-EQIP-2024-2025

 

Current list of states opted into the EQIP program:

Alaska, Arizona, California, Colorado, Connecticut, Idaho, Illinois, Indiana, Kansas, Maine, Massachusetts, Michigan, Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Utah, Vermont, Washington, and Wyoming.

*If your state does not have EQIP available yet, please reach out to your local USDA field office or contact a Monarch Specialist to find out how to unlock funding for your tractor operations. Click the link here to locate the nearest USDA office to you! 

 

Diesel vs Electric Tractor Cost of Ownership: EQIP Subsidy Program

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Contact a Monarch Specialist