Grants / Department of Agriculture / Rural Utilities Service

RUS-PACE-2023: Powering Affordable Clean Energy

Closed Closed September 29, 2023 Opportunity RUS-PACE-2023 ☆ Save

This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Rural Utilities Service notices from 2023.

• Award ceiling$100 million
• Award floor$1.0 million
• Cost sharingRequired
• Funding typeOther

Key dates

Who can apply

This opportunity was open to the applicants described in the notice.

• 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.

Is this a realistic fit?

• The notice requires cost sharing or matching funds, so you must contribute part of the project cost.

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).

Category: Other.

We found no grant awards under Assistance Listing 10.757 in fiscal 2021 to 2025, which usually means the program is new or very small.

Applying now

This notice no longer takes applications. Agencies often post the same opportunity again under a new number, so check the program's notices on Grants.gov and the similar open grants below.

The notice on Grants.gov keeps its full text and attachments, which is useful for planning a resubmission.