PennsylvaniaGrant Program
Wind and Geothermal Incentives Program
You getThere is a matching investment requirement of at least $1 for every $1 of program funds awarded. There is a $100 non-refundable application fee due at the time of submission made payable to the CFA. There is a 1% commitment fee on all approved loans.
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Quick facts
- Incentive type
- Grant Program
- Amount
- There is a matching investment requirement of at least $1 for every $1 of program funds awarded. There is a $100 non-refundable application fee due at the time of submission made payable to the CFA. There is a 1% commitment fee on all approved loans.
- Administrator
- Department of Community and Economic Development
- Funding source
- Alternative Energy Investment Fund (state issued bonds)
- Applies to
- State, Commercial, Industrial, Local Government, Nonprofit, Schools
- Technologies
- Geothermal Electric, Geothermal Heat Pumps
Dates
- Start date
- 2009-01-01
- Source last updated
- October 13, 2022
About this incentive
Overview The Renewable Energy Program (REP) provides financial assistance in the forms of grant and loan funds to promote the use of alternative energy in Pennsylvania. The program is administered jointly by the Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP) under the direction of the Commonwealth Financing Authority (CFA). Uses Activities to assist with geothermal technologies and wind energy projects. Loans Loans for component manufacturers of renewable energy generation equipment up to $40,000 for every new job created. Loans for geothermal systems or wind energy generation or distribution projects shall not exceed $5 million or 50 percent of the total project cost, whichever is less. Grants Grants for component manufacturers of renewable energy generation equipment up to $5,000 for every new job created. Grants for wind energy generation or distribution projects up to $1 million, or 30 percent of the total project cost, whichever is less. Grants for planning and feasibility studies up to 50 percent of the total cost of the planning project or $175,000, whichever is less. Guarantees Grants shall not exceed $5 million and have a term of not more than five years. In the event of a default, the grant will pay up to 75 percent of the deficiency. Eligibility A business; an economic development organization; an individual (geothermal only); or a political subdivision, includes municipalities, counties and school districts.
Data updated . Always confirm details on the official program website before applying. Programs change frequently.