# Powering Affordable Clean Energy

Source: https://welltoldgrants.com/grants/rus-pace-2023-powering-affordable-clean-energy/  
Official notice: https://www.grants.gov/search-results-detail/349160

> Rural Utilities Service offered grants of up to $100 million (at least $1.0 million) to the applicants described in the notice. Applications closed on September 29, 2023.

| Field | Value |
|---|---|
| Opportunity number | RUS-PACE-2023 |
| Agency | Rural Utilities Service |
| Status | Forecast |
| Deadline | September 29, 2023 |
| Award ceiling | $100 million |
| Award floor | $1.0 million |
| Expected awards | not stated |
| Total funding | not stated |
| Cost sharing | required |
| Assistance Listings | 10.757 |

## Who can apply

- Others (see text field entitled "Additional Information on Eligibility" for clarification)

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 higher education.(g) Community-based organizations, distribution electric cooperatives, and generation and transmission electric cooperatives.

## What the grant funds

The 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) Category 1: Provides up to 20 percent total loan forgiveness. (b) Category 2: Up to 40 percent total loan forgiveness if 50 percent or more of the population served by the proposed service area is located within the following areas: (1) Energy Communities; or (2) Distressed or Disadvantaged Communities. (c) Category 3: Provides up to 60 percent total loan forgiveness if: (1) The proposed service area is located in Puerto Rico, United States Virgin Islands (USVI), Guam, American Samoa or other U.S. territories or Compact of Free Association (COFA) states; or (2) The proposed service area consists of 60 percent or more of a Tribal area or serves an area that constitutes a SUTA; or (3) The Project is owned by an Indian Tribe defined by the Federally Recognized Indian Tribe List Act of 1994 (Public Law 103-454; 108 Stat. 4791, 4792), including their wholly owned arms and instrumentalities, or an Alaska Native Corporation, 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).

## Questions people ask

### Is RUS-PACE-2023 still open?

No. It closed on September 29, 2023.

### Who can apply for Powering Affordable Clean Energy?

Rural Utilities Service accepted applications from the applicants described in the notice. The notice adds further conditions, so read its eligibility section.

### What is the deadline for Powering Affordable Clean Energy?

Closed September 29, 2023. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $100 million each.