Penelec SEF of the Community Foundation for the Alleghenies Loan Program (FirstEnergy Territory) (Pennsylvania)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Pennsylvania

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
Active Incentive Yes

Implementing Sector Local
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
Website http://www.metedpenelecsef.org/index.php
Date added to DSIRE 2003-03-06
Last DSIRE Review 2014-11-24



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

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.


Incentive Contact

Contact Name Angie Berzonski
Department Community Foundation of the Alleghenies

Address 216 Franklin St., Suite 606

Place Johnstown, Pennsylvania
Zip/Postal Code 15901-1911
Phone (814) 536-7741 Ext:117


Email aberzonski@cfalleghenies.org
Website http://www.cfalleghenies.org
     
     


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"