The State Revolving Funds Opportunity: Tracking US$140 Billion in U.S. Water Infrastructure Demand

19 May 2026
Available with corporate subscription

The State Revolving Fund programs are the primary source of federal and state government financial support for U.S. water and wastewater infrastructure. Administered by state agencies, the Clean Water and Drinking Water programs provide low-interest loans for infrastructure projects such as sewage treatment, stormwater management, drinking water treatment, distribution and collection networks, nonpoint source pollution control, and estuary protection.

Bluefield Research offers an updated State Revolving Fund dashboard detailing project descriptions, award information, and categorization for over 13,000 project awards since 2020, representing over US$73 billion in awarded funds. It also includes costs, descriptions, and categorization for 17,000 projects published in each state’s most recent Drinking Water and Clean Water Intended Use Plan, totaling for US$140 billion in total project costs.

Bluefield Research’s combined data pipeline gives clients a powerful view of where State Revolving Fund funding is already driving investment—and where future demand is building across the market. This Data Insight delivers a project-level snapshot of key categories, state-by-state trends, and standout awards and requests, helping to spot opportunities faster. To unlock the full view, contact our team for access to the State Revolving Fund dashboard on Bluefield’s Data Navigator platform.

Table of Contents

  • Research Methodology
  • Breaking Down the Awarded Funding
  • State IUPs Signal Significant Demand
  • Top 10 Awards by Subcategory
  • Mapping SRF Funding and IUPs by State
  • Subcategory Spotlight: Treatment Plant Funding Favors Large Utilities, Few States
  • Subcategory Spotlight: IIJA Sparks a PFAS Investment Surge, Led by Two States
  • Subcategory Spotlight: Lead Service Line Replacement Showcases Market Spread
  • IIJA Spiked PFAS and LSL Investments
  • Stormwater Emerges as a Growing SRF Priority

Related Podcast

 
3 Feb 2026  |  Episode #136 with Greg Goodwin

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