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Funding Resources
Funding Resources
| PA Green Energy Loan Fund | |
|---|---|
| Type of Incentive | 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, LFG, Natural Gas, Other, Waste heat Recovery |
| Eligible Project Size | |
| Critical Information | The loan amount varies by project; loans may range from $100,000 to $2.5 million. Interest rates vary on a case-by-case basis, but generally from 4.0 to 6.5 percent; loan terms determined by life of equipment for up to 15 years; loans secured by financed assets or other collateral. |
| Start Date | 1/1/2010 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information |
The Pennsylvania Green Energy Loan Fund, administered by The Reinvestment Fund (TRF) will provide loans to finance energy conservation and energy efficiency improvements in buildings throughout Pennsylvania. Eligible borrowers include commercial, industrial, multi-family residential, non-profit, and government entities. The program notably will not provide loans for energy improvements made in single-family residential dwellings. Supported improvements generally include energy retrofit measures (limited or extensive), equipment replacement, or gut rehabs in existing, occupied buildings. Projects involving new construction may be eligible on a case-by-case basis. The program may also support projects involving combined heat and power (CHP) or on-site renewable energy systems in conjunction with a larger building energy efficiency project. In order to qualify for a loan, a project must result in an estimated energy consumption reduction of at least 25 percent. Eligible improvements are generally custom in nature, but the following possible improvements are listed in the program application: *Air sealing *Building insulation *HVAC systems and controls *Interior and exterior lighting and controls *Domestic hot water (heating system and plumbing) *Appliances and other plug loads *Windows, exterior, doors, and roofs *On-site energy systems such as PV, solar water heating, geothermal, wind, biomass, and CHP systems The program will operate as a revolving loan program where the fund is replenished by interest and principal repayments made on prior loans. The fund is initially capitalized with $12 million in American Recovery and Reinvestment Act (ARRA) funding, to which the TRF has added an additional $36 million in leveraged funds. Please see the program website for additional information and program materials. |
| Web Site |
http://www.trfund.com/financing/energy/pagelf.html |
| Additional Web Site |
http://www.dsireusa.org/incentives/ incentive.cfm?Incentive_Code=PA73F¤tpageid=3&EE=1&RE=1 |
| Primary Contact |
The Reinvestment Fund (TRF) 718 Arch Street, Suite 300 North Philadelphia, PA 19106-1591 USA The Reinvestment Fund (TRF) (pagelf@trfund.com) (215) 574-5800 |