Powering Affordable Clean Energy

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.

Audience:Cities and Towns, Small Business

Funder:U.S. Department of Agriculture

Pre-Application Date:September 29, 2023

Due Date:Rolling

Max Award:$100,000,000

Min Award:$1,000,000

Match/Cost Share:25%