Powering Affordable Clean Energy (PACE) Program

Letter of Interest Application Window: July 10-September 29, 2023. The goal of the PACE Program is to support clean, affordable energy growth across America. The PACE Program provides loans to eligible entities, with varying levels of loan forgiveness, for Projects that generate and/or store electricity from Renewable Energy Resource. The Agency encourages applicants to consider projects that will advance the following key priorities:• Assisting rural communities to recover economically through more and better market opportunities and through improved infrastructure;• Ensuring all rural residents have equitable access to Rural Development (RD) programs and benefits from RD funded projects; and• Reducing climate pollution and increasing resilience to the impacts of climate change through economic support to rural communities.There are three different categories for application, one of which provides up to 60 percent total loan forgiveness if the project serves areas with Tribal populations of 60 percent or greater, are owned by a Tribal government, or are in a Substantially Underserved Trust Area.