Powering Affordable Reliable Technology (PART) Energy Program
Forecasted
The PART Energy Program offers up to $410 million in USDA loans, with partial forgiveness, to support renewable energy and energy storage projects in rural areas, requiring cost sharing except in certain underserved regions.
Funder: Rural Utilities Service
Due Dates (Anticipated): September 2026 (LOI window opens) | October 2026 (LOI deadline)
Funding Amounts: Approximately $410 million total; individual awards range from $1 million to $100 million (inclusive of up to 40% loan forgiveness); typical project period up to 5 years.
Summary: Supports loans (with partial forgiveness) for renewable energy generation and storage projects serving predominantly rural areas.
Key Information: Forecasted opportunity—dates are projected; at least 50% of the service area must be rural.
Description
The Powering Affordable Reliable Technology (PART) Energy Program, administered by the USDA Rural Utilities Service, provides loans (with up to 40% loan forgiveness) to support the development of new renewable energy generation facilities (hydropower, geothermal, or biomass) and energy storage systems that serve rural and nonrural communities. The program aims to increase affordable, reliable, and resilient energy supply across the United States, with a focus on benefiting rural consumers and supporting national energy priorities.
