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Funding Resources
Funding Resources
| PA West Penn Power SEF Commercial Loan Program | |
|---|---|
| Type of Incentive | Grant, Loan |
| Eligible States | PA |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards | |
| Size of Award | Funding for eligible projects may include grants, commercial loans, equity investment, subordinated debt and royalty financing. Grants are available to non-profit companies and community-based organizations. Many of these grants will be leveraged with other grants from foundations and other funding agencies, and will lead to additional financing requests involving other WPPSEF products. 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. WPPSEF intends to initiate loan programs in conjunction with other agencies and intermediaries to ensure an adequate flow of financing proposals for consideration. WPPSEF will seek out loan proposals that may not be currently bankable but are acceptable credit risks. For small business lending, the ability to repay a business loan is based primarily on operating cash flow. Also, commercial lending is based on the management experience, ability and character of the management team. WPPSEF will offer term loans to finance energy-efficient equipment, construction, and provide working capital financing as part of a larger request. WPPSEF would charge a below market rate of interest, and secure the loans with available collateral. |
| Start Date | 6/28/2010 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information |
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 projects include energy produced from solar, wind, low-impact hydro, and sustainable biomass such as closed-loop biomass and biomass gasification, 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's 2010 Activities Update indicates an intention to focus future activities on single-family and multi-family residential energy efficiency, commercial and industrial biomass heat and power projects using Pennsylvania feedstocks, and mid- to large-size commercial and industrial PV projects. |
| Web Site |
http://www.wppsef.org/investments.html  |
| Additional Web Site |
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=PA11F&re=1&ee=1 |
| Primary Contact |
Joel Morrison Penn. State University C-211 CUL University Park, PA 16802-2323 U.S.A. Joel Morrison (jlm9@psu.edu) 814-865-4802 |