Powering Affordable Reliable Technology (PART) Energy Program
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Powering Affordable Reliable Technology (PART) Energy Program, administered by the Rural Utilities Service (RUS) under the USDA, is soliciting Letters of Interest (LOI) for loan applications to finance renewable energy resource (RER) systems and energy storage systems (ESS). Funded by approximately $410 million in budget authority from the Inflation Reduction Act of 2022, the program provides individual awards ranging from $1 million to $100 million. Qualified projects may be eligible for loan forgiveness of up to 40%, provided they demonstrate clear benefits to ratepayers. Project loans generally finance up to 75% of capitalized costs, requiring a 25% cash or equity match, though system loans may cover up to 100% of costs. The application process begins with the submission of an LOI via Grants.gov between September 8 and October 9, 2026. Required documentation includes the SF-424 form, project shapefiles, and three years of financial statements. LOIs are evaluated on a rolling basis based on applicant and project eligibility, technical feasibility, and financial status. Successful LOI submitters who receive an Invitation to Proceed must submit a full application within 60 days. The performance period extends five years from the date of environmental clearance, with a final deadline for all fund advancements by September 30, 2031. Awardees must comply with Build America, Buy America requirements, maintain active SAM registration, and implement a cybersecurity risk mitigation plan.
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Full Description
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.
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