Last Updated September 20, 2022
Program Overview
Category:
Financial Incentive
State:
Pennsylvania
Incentive Type:
Loan Program
Administrator:
The EMS Energy Institute of Pennsylvania State University
Start Date:
N/A
Expiration Date:
N/A
Web Site:
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
WPPSEF Offers Conventional Financing that ranges from $25,000 to $1,000,000 and ACT 129 Micro Loans that range from $10,000 to $50,000. For more information on these programs please visit the website above.
The West Penn Power Sustainable Energy Fund (WPPSEF) promotes the use of renewable energy and clean energy among commercial, industrial, institutional and residential customers in the West Penn market region. Eligible technologies include solar, wind, low-impact hydro, sustainable biomass such as closed-loop biomass and biomass gasification, and innovative natural gas technologies as well as energy efficiency. Clean energy refers to advanced technologies, including landfill gas and fuel cells, which use fossil fuels but have significantly lower emissions and waste than current commercialized technologies and fuels derived from waste.
The WPPSEF accepts proposals for financing year round. The projects should be aligned with WPPSEF's mission and should benefit the West Penn Power ratepayers. Funding for eligible projects may include commercial loans, equity investment, subordinated debt, and royalty financing. Commercial loans are available to manufacturers, distributors, retailers, and service companies involved in renewable and advanced clean energy technologies, as well as energy efficiency and conservation products and services to end-user companies and community-based organizations.