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Pennsylvania

Pennsylvania

Incentives/Policies for Renewables & Efficiency

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Penelec SEF of the Community Foundation for the Alleghenies Loan Program (FirstEnergy Territory)   
Last DSIRE Review: 07/25/2012
Program Overview:
State: Pennsylvania
Incentive Type: Local Loan Program
Eligible Efficiency Technologies: Unspecified Technologies,
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Fuel Cells, CHP/Cogeneration, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Penelec Service Territory of FirstEnergy (No Residential Grants)
Amount:Varies according to project
Maximum Incentive:$500,000 (generally)
Terms:Vary according to project
Web Site: http://www.metedpenelecsef.org/index.php
Summary:

FirstEnergy (formerly GPU) established the Metropolitan Edison Company Sustainable Energy Fund and the Penelec Sustainable Energy Fund in 2000. The Community Foundation for the Alleghenies in Johnstown, Pennsylvania administers the Penelec loan and grant components of the Fund, which has assets of approximately $9.1 million. The majority of funding available from the fund takes the form of investments made in businesses pursuing one or more of the fund's objectives. These funds typically will be distributed as loans or equity investments. The program is open to any individual, organization, governmental entity, or corporation.

The fund is designed to promote:

  • The development and use of renewable energy and clean-energy technologies;
  • Energy conservation and efficiency;
  • Sustainable-energy businesses; and
  • Projects that improve the environment in the companies' service territories, as defined by their relationship to the companies' transmission and distribution facilities.

As identified on the program web site, specific types of projects eligible for loans may include renewable electricity generation projects for on-site use or grid supply; projects involving the development of a sustainable energy technology (e.g., solar panel manufacturing); businesses that use renewable energy in the operation of a business; and businesses that enhance energy efficiency and conservation.

Examples of projects funded in the past are available on the program web site, along with details of the investment guidelines.

 
Contact:
  Angie Berzonski
Community Foundation of the Alleghenies
216 Franklin St., Suite 606
Johnstown, PA 15901-1911
Phone: (814) 536-7741 Ext.117
E-Mail: aberzonski@cfalleghenies.org
Web Site: http://www.cfalleghenies.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2012 - 2013 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.