The USDA has announced a new $410 million program to strengthen reliable rural electric energy infrastructure

‍

August 4, 2026 - The USDA announces the Powering Affordable Reliable Technology (PART) Program to support affordable energy development by providing partially forgivable loans for renewable energy projects that generate and/or store electricity.

PART, administered through USDA Rural Development's Rural Utilities Service (RUS), offers partially forgivable loans to companies investing in infrastructure that produces electricity from hydro, geothermal, or biomass energy sources. Eligible investments include new or upgraded electric generation and energy storage infrastructure that improves the reliability of renewable energy systems. Funds may also be used for new power lines, microgrids, transformers, and other equipment, as well as upgrades to existing systems that provide electricity for resale within eligible service areas. Individual awards will range from $1 million to $100 million.

‍

‍

How Avalon Growth Capital Can Help

Securing PART Program funding will require more than an eligible project. Applicants must present a credible financing structure, compelling financial projections, and clear evidence that the project is ready to execute.

Avalon Growth Capital helps private and family-owned businesses translate promising infrastructure projects into finance-ready opportunities. We work with clients to:

• Evaluate project eligibility, capital needs, and financing gaps
• Structure private debt and equity to complement PART Program funding and satisfy applicable cost-share requirements
• Develop financial models and supporting documentation that demonstrate commercial viability and repayment capacity
• Coordinate complementary sources of capital to strengthen project readiness
• Position the business and project for a competitive USDA submission

With Letters of Interest expected to be accepted from September 8 through October 9, 2026, now is the time to begin.

Avalon Growth Capital can help develop the capital strategy and financial foundation needed to pursue PART funding with confidence—and carry the project from application through execution.

‍

‍_{* This article is provided for educational and informational purposes only and does not constitute investment, legal, tax, or financial advice. Each financing or investment opportunity should be evaluated based on its specific facts, risks, structure, and objectives.}