The U.S. government has launched a new funding opportunity through the Energy Improvements in Rural or Remote Areas FY24 program, with a total pot of $400 million to support energy projects that address the unique challenges faced by small, rural, and remote communities. This program offers a lifeline for communities with populations of 10,000 or fewer, aiming to enhance energy efficiency, sustainability, and reliability. For businesses, nonprofits, and organizations working in these regions, this is a prime opportunity to secure significant funding to improve energy infrastructure.
Here’s everything you need to know about the program, the funding available, and how your project can benefit.
Funded by the Infrastructure Investment and Jobs Act (IIJA) and the Bipartisan Infrastructure Law (BIL), this program is specifically designed to support energy-related capital projects in communities with 10,000 or fewer residents. Whether you’re a nonprofit or a commercial entity, this program offers a pathway to secure federal funding for energy projects that will benefit small and remote populations, especially those underserved by existing energy systems.
Applicants can apply for between $2 million and $50 million in federal funding, with the potential to have between 50% and 95% of their project costs covered, depending on the category of the project. The total funding pot is $400 million, making this one of the largest opportunities for rural energy improvements in recent years.
Here’s a breakdown of the funding cost-share based on project categories:
Open Category: Federal government covers 50% of project costs. This category is ideal for projects that broadly address energy infrastructure needs in rural or remote communities.
Dual-use and Co-location Category: Also covers 50% of project costs. This is intended for projects that create synergies, such as renewable energy generation that benefits both energy consumers and providers.
Smaller Scale Community Centered Category: Covers 80% of project costs. This is aimed at smaller-scale, localized projects with a strong focus on community benefits and direct energy improvements.
Isolated Microgrids & Unelectrified Buildings Category: Covers 80% of project costs. This category focuses on bringing power to the most remote and isolated communities through microgrid solutions or projects that electrify buildings that currently lack energy access.
Concept Papers Due: February 27, 2025
Before submitting a full application, applicants must submit a concept paper outlining the scope of their project. This is a critical step to ensure that your project aligns with the goals of the funding program.
Full Applications Due: August 28, 2025
After the concept paper is reviewed, successful applicants will be invited to submit a full proposal. This stage involves a more detailed breakdown of project plans, costs, and expected outcomes.
To be eligible for this funding, projects must serve communities with populations of 10,000 or fewer residents. This applies regardless of whether the applicant is a commercial entity or a nonprofit organization. The goal is to bring much-needed energy improvements to underserved areas, improving quality of life and supporting economic development.
Navigating the complexities of government funding programs can be overwhelming, especially with the strict deadlines and detailed requirements involved. That’s where GrantMatch comes in.
With years of experience in securing government funding for energy projects, our team of experts can help you:
Assess Your Project’s Eligibility: We’ll work with you to determine which project category is the best fit and whether your project meets the program’s requirements.
Prepare and Submit Concept Papers: Our team will help you craft a compelling concept paper that highlights your project’s potential impact and its alignment with the program’s goals.
Maximize Your Funding Potential: We’ll ensure you apply for the highest possible funding amount and help you structure your project to take advantage of the available cost-sharing opportunities.
Streamline the Application Process: From start to finish, we guide you through the entire process, ensuring that your application is accurate, complete, and submitted on time.
If you’re ready to take your energy project to the next level and bring significant improvements to a rural or remote community, now is the time to act. Contact GrantMatch today to find out how we can help you secure this transformative funding opportunity!