Powering Affordable Clean Energy

Due: Sep 29, 2023

$100,000,000

DescriptionThe Powering Affordable Clean Energy (PACE) program is part of the Inflation Reduction Act. With $1 billion in funding, PACE helps make clean, affordable, and reliable energy accessible to the people of rural America. Under PACE, USDA Rural Development’s Rural Utilities Service (RUS) will forgive up to 60 percent of loans for renewable energy projects that use wind, solar, hydropower, geothermal, or biomass, as well as for renewable energy storage projects. The PACE program allocates funding across three applicant categories: (a)...

Award Ceiling$100,000,000Award Floor$1,000,000

Eligible Applicants- Others

Additional Eligibility Information

RUS will accept Letters of Interest from the following entities: (a) For-profit organizations.(b) State or local governments.(c) Indian Tribes defined by the Federally Recognized Indian Tribe List Act of 1994 (Public Law 103-454; 108 Stat. 4791, 4792), including their wholly arms and instrumentalities.(d) Alaska Native Corporations, including regional or village corporations as defined under or established pursuant to the Alaska Native Claims Settlement Act (Public Law 104-42; 85 State. 688) (e) Nonprofits. (f) Institutions of hi...

Funding TypeOtherCategories of Funding Activity- OtherOpportunity TypeDiscretionary

Grantor Contact InformationRUS PACE email accountGrantor Emailsm.rd.rus.ira.questions@usda.govOther Grantor InformaitonTasha Deardorff Grantor

Additional informationRUS PACE websiteSupporting Linkhttps://www.rd.usda.gov/programs-services/electric-programs/powering-affordable-clean-energy-pace-program

Powering Affordable Clean Energy

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