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The Rural Utilities Service (RUS or the Agency), a Rural Development (RD) Agency of the United States Department of Agriculture (USDA), is soliciting Letters of Interest (LOI) for loan Applications, announcing the Application process for those loans, and providing deadlines for Applications from eligible entities under the Powering Affordable Reliable Technology (PART) Energy Program. These loan funds will be made to qualified PART Applicants to finance power generation Projects for Renewable Energy Resource (RER) systems or Energy Storage Systems (ESS) that support RER Projects. The PART Program is making approximately $410 million in appropriated budget authority (BA) funding available under the Inflation Reduction Act of 2022 (IRA). RUS will process and evaluate complete LOI on a rolling basis in the order they are received. The PART Program is to be carried out by the RUS pursuant to Section 22001 of the IRA. Section 22001 of the IRA amends Section 9003 of the Farm Security and Rural Investment Act of 2002 by adding new subsection (h). Section 22001 of the IRA provides RUS with appropriated funds “for the cost of loans under Section 317 of the RE Act.” Additionally, Section 22001 of the IRA provides that PART funds may be utilized to finance Projects that store electricity generated from eligible energy sources listed under Section 317 of the RE Act. These Project Loans or System Loans will be forgiven up to forty percent (40%), provided the Awardee and the Project otherwise meet the terms and conditions of the loan forgiveness. Approximately $410 million in budget authority is being made available under this Notice. The Administrator reserves the right to increase this funding level should additional funds become available or reduce funding in the event an insufficient number of high-quality projects are submitted for consideration. Cost Sharing or Matching: (a) Project Loans. Awards will finance up to 75% of the total capitalized costs of a Project. Awardees will be required to provide at least 25% of the Project’s total capitalized cost in the form of cash or equity investments, which may not be derived from debt instruments. However, the Agency may utilize its authority under Section 306F of the RE Act and finance up to 100% of the costs of the Projects benefiting SUTA areas. (b) System Loans. PART System Loans may cover up to 100% of the total costs of the Project.
Funding Opportunity Number: RUS-PART-2026. Assistance Listing: 10.757. Funding Instrument: O. Category: EN. Award Amount: $1M – $100M per award.
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Or search similar grants →According to the current listing, eligibility includes: Eligible applicants: Others (see text field entitled Additional Information on Eligibility for clarification). RUS will accept LOIs and Applications from Operating Utilities as the followings: (a) For-profit organizations.(b) State or local governments. (c) Indian Tribes defined by the Federally Recognized Indian Tribe List Act of 1994 (Public Law 103-454; 108 Stat. 4791, 4792), including their wholly arms and instrumentalities. (d) Alaska Native Corporations, including regional or village corporations as defined under or established pursuant to the Alaska Native Claims Settlement Act (Public Law 104-42; 85 Stat. 688)(e) Nonprofits. (f) Distribution electric cooperatives and generation and transmission electric cooperatives. (g) Certificated electric utilities Cost sharing or matching funds are required. Confirm the full requirements in the official notice before applying.
The current listing shows $1M – $100M per award. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Applications for Powering Affordable Reliable Technology (PART) Energy Program are due October 9, 2026. Build your timeline backwards from this date to cover registrations, approvals, and final submission checks.
Yes — Powering Affordable Reliable Technology (PART) Energy Program is offered by Rural Utilities Service and this listing comes from Grants.gov, an official U.S. federal source. Federal applications generally require registrations (for example SAM.gov or an agency submission portal), so allow extra lead time.
This opportunity targets applicants in Alaska. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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Read articleThe RUS Powering Affordable Reliable Technology (PART) Energy Program takes Letters of Interest until October 9, 2026. Up to 40% of each loan can be forgiven, awards run $1M to $100M, and USDA describes eligible generation as hydro, geothermal, and biomass — even though Section 317 of the RE Act names solar and wind.
Read articleThe Rural Utilities Service published the ARC Program on September 14, 2026. Same IRA Section 22004 authority that carried the $9.7 billion New ERA program, redirected to nuclear power supply and transmission efficiency. Letters of Interest open October 19 and close November 20.
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