Closed · RUS-NEWERA-2023 · CFDA 10.758 · Discretionary
Empowering Rural America (New ERA) Program
Federal grant opportunity posted by Rural Utilities Service, cataloged on Grants.gov.
- up to $970M
- Award range
- Closed
- Status
- September 15, 2023
- Close date
- -
- Expected awards
The verdict
Empowering Rural America (New ERA) Program is a closed discretionary listing from Rural Utilities Service that offered Up to $970,000,000. Future funding cycles may be published under the same CFDA number.
- up to $970M
- award range
- Closed
- application status
- 10.758
- CFDA program
Opportunity snapshot. This Grants.gov announcement - Empowering Rural America (New ERA) Program - is cataloged under number RUS-NEWERA-2023 and tied to CFDA assistance listing 10.758, posted by Rural Utilities Service. Grants.gov currently shows the opportunity as closed, first posted on July 31, 2023. The funding category is Discretionary, delivered as a other.
Award economics. The award range on file is Up to $970,000,000. Cost sharing or matching funds are required, meaning applicants must contribute a portion of the project budget from non-federal sources, factor this into your financial plan before drafting the proposal. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on September 15, 2023. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.
Award Range
Up to $970,000,000
Close Date
September 15, 2023
Posted
July 31, 2023
Instrument
Other
Cost Sharing
Required
Description
The New ERA Program provides Rural Utilities Service (RUS) with $9.7 billion in appropriated loan and grant funds under the Inflation Reduction Act (IRA). In keeping with the statutory authority for the program, RUS will utilize the New ERA funds to assist Eligible Entities to achieve the greatest reduction in Greenhouse Gas (GHG) emissions while advancing the long-term resiliency, reliability, and affordability of rural electric systems.As provided in Section 22004 of IRA, no one Applicant may receive an amount equal to more than 10 percent of the total $9.7 billion of budget authority appropriated under Section 22004, which equals $970 million. The Applicant’s Portfolio of Actions may cost more than $970 million as long as the funded application uses less than $970 million in budget authority. Funds can be used to make energy efficiency improvements to eligible generation and transmission systems, to purchase, build, or deploy renewable energy, zero-emission systems, carbon capture storage systems, or to purchase renewable/ clean energy. The following types of financial assistance can be requested:• Loan: The interest rate for loans will be set either at the U.S. Treasury rate or at a fixed rate as low as 2 percent. Treasury interest rates are set at the time funds are drawn. A zero percent interest rate is available to refinance debt related to stranded fossil assets or for projects that serve predominantly distressed, disadvantaged, or energy communities (as defined in the funding notice).• Grant: Applicants can apply for a grant only that equals no more than 25 percent of the total project cost. Applicants would have to demonstrate the ability to meet the remaining 75 percent of the project cost.• Loan and Grant Combinations: Applicants can request loan and grant combination financing for proposed projects.• Loan Refinancing or Loan Modification: In addition to loan and grant combinations, applicants may propose to refinance debt related to a stranded fossil assets if the applicant utilizes the refinancing savings to fund eligible clean energy project(s).Letters of Interest will be scored and ranked on the greatest reduction in cost-per-unit measure of greenhouse gases. Projects must be reliable, resilient (able to recover quickly following an unexpected disruption), and affordable.
Eligibility
Grants.gov lists this opportunity under eligibility category code 25. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Agency Contact
Tasha Deardorff Grantor
Key Dates
Frequently Asked Questions
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology - how this data is sourced, computed, and verified.
Related
| Publisher | PlainGrants |
| Sources | the SAM.gov Assistance Listings and Grants.gov |