Preheat oven to 400 degrees. Line two large rimmed baking sheets with heavy aluminum foil. If you have a broiler pan or cooling racks you can use to elevate the bacon, do this.
Mix together dark brown sugar, chili powder and cayenne in a medium bowl.
Arrange thick cut bacon strips in a single layer on baking sheets. Evenly spoon brown sugar mixture over bacon strips. You might need to do this in batches, depending on your oven.
Bake on middle rack for 20 minutes. Keep an eye on bacon, sugar can burn easily. The goal is for bacon strips to be almost crispy, but still a little chewy. The natural fats will be sizzling and bubbling around them.
Remove bacon strips and allow to sit for 5 minutes. Lay out parchment paper or aluminum foil and top with cooling racks. Transfer strips from baking sheet to cooling racks to drain excess fat and allow them to come to room temperature.
When fully cooled, serve or store in an airtight container at room temperature. Enjoy!
If you've tried this recipe, come back and let us know how it was!