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Combined Heat and Power Partnership

West Penn Power SEF Commercial Loan Program

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated11/16/2012
Incentive TypeLoan
State/FederalPA
Incentive Administrator/Contact OfficeThe EMS Energy Institute
Incentive Initiation Date6/28/2010
Incentive Size and Funding SourceFunding for eligible projects may include commercial loans, equity investment, subordinated debt and royalty financing. West Penn Power Sustainable Energy Fund (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 team's experience, ability and character. 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.
Eligible RecipientFunding is 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 in the West Penn market region.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
UtilityWest Penn Power
Other Incentive DetailsWPPSEF promotes the use of renewable energy and clean energy among commercial, industrial, institutional and residential customers in the West Penn market region. The WPPSEF's most recent solicitation for Sustainable Energy Financing Proposals indicates an intention to focus activities on energy efficiency, commercial and industrial biomass heat and power projects using Pennsylvania feedstocks, sustainable energy manufacturing in Pennsylvania and community energy events.
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