Loading...
HomeMy WebLinkAbout06-16-23 Correspondence - USDA Announces Updates and Clarifications for Programs to Advance Clean, Affordable and Reliable Energy in Rural AmericaFrom:USDA Rural Development MontanaTo:AgendaSubject:USDA Announces Updates and Clarifications for Programs to Advance Clean, Affordable and Reliable Energy in RuralAmericaDate:Friday, June 16, 2023 10:31:55 AM CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Updates Will Help People Better Navigate Application ProcessesUS Department of Agriculture Rural Development - Together America Prospers STAKEHOLDER ANNOUNCEMENT USDA Announces Updates and Clarifications for Programs to Advance Clean, Affordable, and Reliable Energy in RuralAmerica WASHINGTON, June 16, 2023 – U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small announced key updates and clarifications for financial assistance programs that will advance clean, affordable and reliable energy in rural America. In May, the Department announced $10.7 billion in funding available under USDA’s Powering Affordable Clean Energy (PACE) and Empowering Rural America (New ERA) programs. Eligible organizations may apply for loans, grants, loan modifications and partially forgivable loans. The updates and clarifications being announced today will help people better navigate the application processes for both programs, including: Adding a requirement for applicants to create verified eAuthentication IDs prior to submitting a Letter of Interest. All applicants must have a verified eAuthentication ID in order to submit a Letter of Interest. For more information about the USDA eAuthentication system, visit: https://www.eauth.usda.gov/eauth/b/usda/home. Enabling USDA’s General Field Representatives to help eligible organizations before they submit Letters of Interest. Clarifying that New ERA applicants must submit applications within 60 days of being invited to apply unless another date is mutually agreed upon. Clarifying that the 120-month and 180-month exclusions referenced in Section 306b of the Rural Electrification Act and related regulations do not apply to USDA’s PACE or New ERA programs. More information on updates and clarifications for USDA’s PACE program are on page 39394 of the June 16 Federal Register. More information on updates and clarifications for USDA’s New ERA program are on page 39395 of the June 16 Federal Register. If you have questions, USDA is regularly updating frequently asked questions (FAQs). FAQs are available at IRA FAQs | Rural Development (usda.gov). Additional details about the Inflation Reduction Act are available at www.rd.usda.gov/inflation-reduction-act. To subscribe to USDA Rural Development updates, visit GovDelivery subscriber page. -30- USDA is an equal opportunity provider, employer, and lender Questions? Contact Us 2229 Boot Hill Court Bozeman, MT 59715 Phone: (406) 585-2580 STAY CONNECTED: SUBSCRIBER SERVICES: Manage Preferences | Help USDA is an equal opportunity provider, employer, and lender. This electronic message contains information generated by the USDA solely for the intended recipients. Any unauthorized interception of this message or the use or disclosure of the information it contains may violate the law and subject the violator to civil or criminal penalties. If you believe you have received this message in error, please notify the sender and delete the email immediately. This email was sent to agenda@bozeman.net by USDA Rural Development · 1400 Independence Ave SW ·Washington DC 20250 · 800-670-6553