Electric Infrastructure Loan and Loan Guarantee Program - FY 2025
| Agency: | U.S. Department of Agriculture |
|---|---|
| Office: | Rural Development (RD) Office of Loan Origination and Approval |
| Multipart Grant: | No |
| Next Due: | Rolling |
|---|---|
| Solicitation Date: | Rolling |
| Match Required: | No |
| Actual Funds: | Unspecified |
Summary:
The purpose of this program is to maintain and improve electric infrastructure in rural communities nationwide in order to increase economic opportunities and quality of life. This program provides investment capital in the form of insured loans and loan guarantees for 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.
Funds may be used to finance:
- Maintenance
- Upgrades
- Expansion
- Replacement of distribution, subtransmission, and headquarters facilities
- Energy efficiency
- Renewable energy systems
The program may also provide hardship loans for qualified applicants in rural areas that are either economically distressed or recovering from an unavoidable event, such as a natural disaster.
All facilities receiving financing through this program must be used for public purposes.
Program Office Notes:
The program officer confirmed applications are currently being accepted.
The program officer confirmed that the fact sheet document, attached as the FactSheet file, is up to date.
Last Updated: December 18, 2024
Eligibility Notes:
Eligible applicants are retail or power supply providers, including:
- State and local governmental entities
- Federally recognized tribes
- Nonprofit organizations, including cooperatives and limited dividend or mutual associations
- For-profit corporations or limited liability companies (LLCs)
Projects must serve qualified rural areas. Applicants should contact the appropriate general field representative (GFR) of the funding agency for their region, using the information provided in the Contact section, to determine whether the proposed service area of the project qualifies as rural.
Applicants must have the legal authority to provide, construct, operate, and maintain the proposed facilities or services.
Partnerships with federal, state, local, private, and nonprofit entities are encouraged.
Previous award recipients include:
- Morgan County Rural Electric Association (CO)
- GreyStone Power Corporation (GA)
- Great Lakes Energy Cooperative (MI)
- Rusk County Electric Cooperative (TX)
- Northern Virginia Electric Cooperative (VA)
Refer to the Award file for additional information regarding previous award recipients.
Eligible Applicants:
Local GovernmentConsortia
Native American Tribe
Non Profits
Private Sector
State Government
Application Notes:
Applications are accepted on a rolling basis.
The program officer confirmed applications are currently being accepted.
To initiate the application process, applicants must contact the appropriate GFR of the funding agency for their region, using the information provided in the Contact section.
Refer to the NOFA file for additional application information.
| Match Required: | No |
|---|---|
| Actual Funds: | Unspecified |
Match Notes:
There are no stated matching requirements for this program.
Funding Notes:
An unspecified amount of funding is available to support insured loans and loan guarantees through this program.
The interest rate for Treasury-rate loans and loan guarantees will be fixed at the time of each advance, based on rates established daily by the U.S. Treasury plus one-eighth of 1 percent. The interest rate for hardship loans will be fixed at 5 percent for up to 35 years. Additional information regarding interest rates for this program can be found online at rd.usda.gov/interest-rates.
In general, loan repayments may not exceed the useful life of the facility being financed, with a maximum repayment schedule of 35 years.
Power supply borrowers will be limited by the terms of their wholesale power contracts.
In February 2023, a total of $2,722,023,000 was distributed through this program. In April 2022, a total of $653,005,000 was distributed via 16 awards ranging from $7.5 million to $143,670,000. Refer to the Award file for details.
Contacts:
Program Staff
(202) 720-1422
Agency Address
U.S. Department of Agriculture
1400 Independence Ave., SW
Washington, D.C. 20250
Contact Notes:
Questions should be directed to the program staff, or to the appropriate general field representative (GFR) listed online at www.rd.usda.gov/contact-us/electric-gfr.
To initiate the application process, applicants must contact the appropriate GFR.
The agency address provided is for reference purposes only.
Files:
NOFA File: US15908_NOFA_FY2025.pdf (175.1 Kb)Other Pre-Award File: US15908_FactSheet_FY2025.pdf (49.7 Kb)
Award File: US15908_Award_FY2025.pdf (3.2 Mb)
File Notes:
The NOFA file contains detailed program information and application guidelines. The FactSheet file contains a fact sheet for this program. The Award file contains information on previous award recipients for the funding agency's electric programs.
The program officer confirmed that the fact sheet document, attached as the FactSheet file, is up to date.
Grant Keywords
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Community DevelopmentDisaster Preparedness
Economic Development
Energy
Environment/Natural Resources
Rural Issues