Combined Heat and Power Partnership
Pennsylvania Green Energy Loan Fund
| Date Last Updated | 11/16/2012 |
| Incentive Type | Loan |
| State/Federal | PA |
| Incentive Administrator/Contact Office | The Reinvestment Fund (TRF) |
| Incentive Initiation Date | 1/1/2010 |
| Incentive Size and Funding Source | Loans are available in amounts from roughly $100,000 to $2.5 million. Interest rates will be determined on a case-by-case basis, but are generally expected to be from 3.5% to 6.5%. The loan term will be set to correspond to the expected life of the equipment, up to 15 years. Loans will be secured by the financed assets, or other collateral such as personal or corporate guarantees. 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 was 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. |
| Eligible Recipient | Eligible borrowers include commercial, industrial, multi-family residential, non-profit and government entities. The program will not provide loans for energy improvements made in single-family residential dwellings. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | The Pennsylvania Green Energy Loan Fund will provide loans to finance energy conservation and energy efficiency improvements in buildings throughout Pennsylvania. The program may also support projects involving 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%. |
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