Penelec SEF of the Community Foundation for the Alleghenies Loan Program (FirstEnergy Territory) (Pennsylvania)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Penelec SEF of the Community Foundation for the Alleghenies Loan Program (FirstEnergy Territory)|
|Incentive Type||Local Loan Program|
|Applicable Sector||Commercial, Industrial, Nonprofit, Schools, Local Government, Penelec Service Territory of FirstEnergy (No Residential Grants)|
|Eligible Technologies||Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Fuel Cells, CHP/Cogeneration, Fuel Cells using Renewable Fuels, Energy Storage, Yes; specific technologies not identified|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||Varies according to project|
|Maximum Incentive||500,000 (generally)|
|Terms||Vary according to project|
|Program Administrator||Community Foundation of the Alleghenies|
|Date added to DSIRE||2003-03-06|
|Last DSIRE Review||2014-11-24|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
FirstEnergy (formerly GPU) established the Metropolitan Edison Company Sustainable Energy Fund and the Penelec Sustainable Energy Fund in 2000. The Community Foundation for the Alleghenies in Johnstown, Pennsylvania administers the Penelec loan and grant components of the Fund, which has assets of approximately $9.1 million. The majority of funding available from the fund takes the form of investments made in businesses pursuing one or more of the fund's objectives. These funds typically will be distributed as loans or equity investments. The program is open to any individual, organization, governmental entity, or corporation.
The fund is designed to promote:
- The development and use of renewable energy and clean-energy technologies;
- Energy conservation and efficiency;
- Sustainable-energy businesses; and
- Projects that improve the environment in the companies' service territories, as defined by their relationship to the companies' transmission and distribution facilities.
As identified on the program web site, specific types of projects eligible for loans may include renewable electricity generation projects for on-site use or grid supply; projects involving the development of a sustainable energy technology (e.g., solar panel manufacturing); businesses that use renewable energy in the operation of a business; and businesses that enhance energy efficiency and conservation.
Examples of projects funded in the past are available on the program web site, along with details of the investment guidelines.
|Contact Name||Angie Berzonski|
|Department||Community Foundation of the Alleghenies|
|Address||216 Franklin St., Suite 606|
|Phone||(814) 536-7741 Ext:117|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.