Mix up the chili powder and brown sugar in a small bowl. Get it evenly mixed so you have even distribution on each delicious piece of bacon.
Sprinkle the chili powder mixture over the bacon. Flip, and sprinkle the other side evenly. Cook the bacon in a 400F oven for 15-20 minutes.
Remove the baking tray from the oven and line a different baking sheet with paper towels. Use tongs to remove each piece of bacon and arrange on paper towels to dry up the grease and allow bacon to crisp up.