NEWS RELEASE

Biden-Harris Administration Continues to Deliver Affordable Clean Energy to Rural Americans as Part of Investing in America Agenda

Funding Will Lower Electricity Costs and Spur Economic Growth for Rural Families and Businesses

STOWE, Vt., Dec. 16, 2024 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced $78.3 million in partially forgivable loans for clean energy projects through the Powering Affordable Clean Energy (PACE) program to help lower electricity bills for households, expand reliable access to renewable energy and create jobs for rural families, small businesses and agricultural producers.

The funding for USDA’s PACE program is from the Inflation Reduction Act, which is the largest investment in rural electrification since President Franklin Delano Roosevelt signed the Rural Electrification Act into law in 1936 as part of the New Deal. Inflation Reduction Act programs partner with rural communities to deliver clean, reliable and affordable energy.

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