GFO-21-901 – Cost Share for Federal Clean Energy Funding Opportunities
Highlights
This program offers a unique chance for your business to secure cost share funding for clean energy projects. By applying, you can significantly reduce your out-of-pocket expenses while pursuing innovative research or expanding existing projects. Imagine having financial support to help lighten the load on your budget, which means you can focus on your work without sacrificing growth or risking your assets.
Key benefits include:
- Financial Relief: You won't have to bear the entire financial burden alone, allowing you to explore clean energy innovations more freely.
- Flexibility: With no minimum or maximum revenue requirements, any business can take advantage of this funding, regardless of size or structure.
- Broad Applicability: Use the funding for various projects, whether starting fresh or building on previous research.
Finding funding can feel like a maze, but this program simplifies the process. It’s straightforward and designed to help you succeed. If your business qualifies for a federal award, applying can lead you to easier paths in clean energy research.
Financing Details
Type of Financing
This program offers cost share funding for businesses that apply for and receive eligible federal funding opportunities. This is a form of grant funding designed to cover a portion of your project costs.
Repayment Terms and Interest Rates
There are no repayment terms or interest rates associated with this funding, as it is not a loan. This means you won't have to worry about paying it back, as long as you meet the project's requirements and use the funds appropriately.
Eligible Expenses
Funds can be used for a variety of project-related expenses, as long as they align with the federal funding award. However, they cannot be used retroactively for costs incurred before the funding application was submitted.
Ineligible Expenses
Generally, the costs that are not directly related to the project or that were incurred prior to receiving federal funding cannot be covered by this program.
Fees
There are no associated fees for applying for this funding program, making it a straightforward and accessible option for your business.
Qualifications
Eligibility to Apply:
- Must apply for a federal funding opportunity or follow-on funding from the U.S. Department of Energy.
- Must have received a federal award or follow-on funding to be eligible for cost share support.
Disqualifications:
- Applications seeking retroactive cost share for already received federal awards or follow-on funding are not eligible.
Location:
- Available to businesses across the country.
Sectors:
- Open to all sectors.
Employees:
- No minimum or maximum number of employees required.
Company Revenue:
- No minimum or maximum revenue qualifications.
Legal Structure:
- All legal structures are applicable.
Profit Structure:
- All profit structures are applicable.
Description
This program provides cost share funding to support clean energy research. If your business receives a federal award, you can get help covering some of the costs associated with your project. This means you won’t have to bear the entire financial burden on your own, which can make a significant difference in your overall budget.
You can use this funding for various clean energy projects, whether you’re just starting research or expanding on previous work. The program is open to businesses in all sectors and has no minimum or maximum revenue requirements. This flexibility allows your business, no matter its size or legal structure, to benefit.
There's no specific funding limit set, but the value lies in reducing your out-of-pocket expenses while pursuing clean energy innovations. This program can act as a great financial boost, helping you explore new avenues without risking your assets. You can focus on growing your business while the funding helps take some of the pressure off.
Program Steps
Identify Your Project
Define the clean energy project for which you are seeking funding. This could be new research or an expansion of existing work.Prepare the Appropriate Documentation
Collect the necessary documents for your application, including:- Proof of federal award or eligible funding
- Project budget detailing expected costs
- A description of the clean energy project
- Any relevant business financial statements
- Evidence of your business's legal structure (e.g., incorporation documents)
Complete the Application Form
Fill out the application form accurately, providing all required information about your business and the project.Submit the Application
Once you have completed the form and attached all necessary documents, submit your application through the designated program portal.Follow Up
After submission, monitor your application's status and be prepared to respond to any requests for additional information or clarification.