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The Powering Affordable Clean Energy (PACE) Program is intended to provide loans to qualified applicants to finance power generation projects for Renewable Energy Resource systems or Energy Storage Systems that support Renewable Energy Resource projects. The goal of the PACE Program is to support clean, affordable energy growth across America. The PACE Program provides loans to eligible entities, with varying levels of loan forgiveness, for projects that generate and/or store electricity from renewable energy resources.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
Fourteen borrowers have been awarded loans and $609,597,796 in funds have been obligated.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
