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Funding for Department of Energy Loan Programs Office
- Planned
Open Date:
TBD
Close Date:
TBD
Upcoming Milestones:
Eligible Recipients:
- Educational Institution
- Local Government
- Native/Tribal Entity
- Non-profit
- Private Sector
- State Government
Program Purpose:
- Energy Infrastructure
Reserved for Energy
Communities?
No
Funded by:
U.S. Department of Energy
Overview
To support the cost of loans for innovative clean energy technologies. IRA provides $40 billion of loan authority supported by $3.6 billion in credit subsidy for projects eligible for loan guarantees under section 1703 of the Energy Policy Act of 2005. This loan authority is open to all currently eligible Title 17 Innovative Clean Energy technology categories, including fossil energy and nuclear energy, and new categories of activities, including critical minerals processing, manufacturing, and recycling.
Eligible Uses: Undergoing rulemaking process to define eligible uses. Innovation requirement applies absent State Energy Financing Institution exemption.
Related Resources
Additional information is available on the Resources page.Funding Details
Funding Source:
- Inflation Reduction Act (IRA)
Funding Type:
Loan Guarantee
Total Amount Available:
$3,600,000,000