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Combined Heat and Power Partnership

Pennsylvania Green Energy Loan Fund

Date Last Updated11/16/2012
Incentive TypeLoan
State/FederalPA
Incentive Administrator/Contact OfficeThe Reinvestment Fund (TRF)
Incentive Initiation Date1/1/2010
Incentive Size and Funding SourceLoans 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 RecipientEligible 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 FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaThe 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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