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In a medium skillet over medium heat, cook bacon until crispy. While the bacon is cooking, line a plate with a paper towel.
Once the bacon is done, place onto the lined plate. Set aside.
Leave about ¼ cup of bacon grease in the pan, carefully removing the rest.
To the pan, add the onion and jalapenos. Reduce the heat to medium-low. Cook until the onions are caramelized, 15-20 minutes, stirring often.
Mix in the garlic, brown sugar, apple cider vinegar, maple syrup, chili powder, and bacon.
Allow the mixture to simmer for 7-10 minutes, or until it thickens to the consistency of jam.
Serve warm or cold. You may want to warm slightly if it has been refrigerated.