Sustainable Energy Fund (SEF) Loan Program (PPL Territory) (Pennsylvania)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Sustainable Energy Fund (SEF) Loan Program (PPL Territory)|
|Incentive Type||Local Loan Program|
|Applicable Sector||Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Agricultural, Eastern PJM, including PA and parts of NJ|
|Eligible Technologies||Lighting, Energy Mgmt. Systems/Building Controls, Solar Water Heat, Solar Space Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Fuel Cells using Renewable Fuels, Other Distributed Generation Technologies|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount|| Varies by project; may provide up to 100% of financing needs|
|Maximum Incentive||1 million|
|Terms||Vary by project; up to 7 years|
|Program Administrator||Sustainable Energy Fund of Central Eastern PA|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
NOTE: The program is currently accepting applications for 2% interest loans and leases for municipal and not-for-profit entities located in Pennsylvania for energy efficiency and renewable energy projects. The applications are due on January 29th, 2015.
The Sustainable Energy Fund (SEF) promotes and invests in energy efficiency and renewable energy projects, and energy education initiatives. Financial incentives are offered as loans to promote clean energy technologies and for projects where energy savings are measurable. Eligible clean technology applications include energy efficiency, renewable energy, green building, and clean transportation. Financing terms are customized to the unique requirements of individual projects.The SEF has also developed Energypath, a comprehensive resource intended to assist Pennsylvanians in locating contractors, grants, loans, equipment manufacturers, rebates and technical assistance.
The SEF was founded in November 1999 as a result of the Pennsylvania Public Utility Commission electric utility restructuring proceedings. The SEF was a key component of the joint settlement with PPL, Inc. (now PPL Electric Utilities Corporation) and the PUC. The fund has collected slightly more than $25 million since opening through a rate surcharge on PPL ratepayers. The surcharge expired and was not renewed at the end of 2006. See DSIRE's summary of Pennsylvania's Public Benefits Funds for more information.
|Contact Name||Public Information|
|Department||Sustainable Energy Fund Financing Programs|
|Address||1005 Brookside Road, Suite 210|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.