Electric Infrastructure Loan & Loan Guarantee Program - American Cities Climate Challenge

Electric Infrastructure Loan & Loan Guarantee Program

Federal Agency

Sub-Department

Rural Development

Purpose

To finance the construction of electric distribution, transmission, and generation facilities, including system improvements and replacement 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.

Applicant and/or Project Eligibility Requirements

Check with a General Field Representative (GFR) to determine whether the proposed service area qualifies as rural. Funds may be used to finance: - Maintenance, Upgrades, Expansion, Replacement of distribution, sub transmission and headquarters (service, warehouse) facilities - Energy efficiency - Renewable energy systems

Decarbonization Considerations

Consider utilizing this loan guarantee program for financing rural on-grid and off-grid renewable energy systems, smart meters for demand-side management, and building electrical upgrades for electrification.

Equity Considerations

See the "Equity Design Considerations for Federal Funding" for general considerations and additional sector-based resources: https://cityrenewables.org/resources/equity-design-considerations-for-federal-funding/

Helpful Tips

N/A

Other Notes

N/A

Deadline (Announced or Anticipated)

Rolling

Funding Available

Loan Guarantees up to 100%

Max Award Amount

None

Expected Allocations

25

Average Award (Estimated)

$45,700,000

Matching Funds

Not required

Go to Program Website
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