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Electric Loans for Renewable Energy
- Planned
Open Date:
TBD
Close Date:
TBD
Upcoming Milestones:
Eligible Recipients:
- Cooperative
- Local Government
- Native/Tribal Entity
- Non-profit
- Private Sector
- State Government
Program Purpose:
- Energy Infrastructure
Reserved for Energy
Communities?
No
Bureau/Office
Rural Utilities Service
Funded by:
U.S. Department of Agriculture
Overview
To finance the construction of electric distribution, transmission, and generation facilities, including system improvements and replacements required to furnish and improve electric service in rural areas, as well as demand side management, energy conservation programs, and on-grid and off-grid renewable energy systems.
Eligible Uses: For cost of loan projects under Section 317 of the Rural Electrification Act of 1936 (7 U.S.C. 940g) for facilities that generate renewable electricity (from solar, wind, hydropower, biomass, or geothermal source) for resale to rural and nonrural residents. Includes projects that store electricity in support of 317 loan projects.
Related Resources
Additional information is available on the Resources page.Funding Details
Funding Source:
- Inflation Reduction Act (IRA)
Funding Type:
Loan
Total Amount Available:
$1000000000