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Last Updated October 13, 2022

Program Overview

Category:

Financial Incentive

State:

Pennsylvania

Incentive Type:

Grant Program

Administrator:

Department of Community and Economic Development

Start Date:

01/01/2009

Expiration Date:

N/A

Web Site:

https://dced.pa.gov/programs/renewable-energy-program-rep-geothermal-wind-projects/

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

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.