In August, Congress passed the Biden-Harris Administration’s historic legislative package known as the Inflation Reduction Act (IRA) to reduce energy costs for families and create thousands of good-paying jobs for people across rural America. IRA represents the largest single investment in rural electrification since the passage of the Rural Electrification Act in 1936. Sections 22001 through 22005 of IRA provide new loan and grant products and unprecedented incentives to expand clean energy, transform rural power production, create jobs, and spur economic growth to be offered by USDA Rural Development’ Rural Utilities Service (RUS) and Rural Business and Cooperative Service (RBCS).
The Act provides funding to USDA Rural Development to help eligible entities purchase renewable energy and zero-emission systems and make energy-efficiency improvements that will significantly reduce greenhouse gas emissions. For example, it provides:
New programs made possible by the Inflation Reduction Act will support new jobs and healthier communities. These funding opportunities will help rural energy and utility providers bring affordable, reliable clean energy to their communities across the country. To learn more, read the full Summary of New Programs and the Rural Utilities Service IRA Presentation.