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Combined Heat and Power Partnership

The Pennsylvania Electric Company Sustainable Energy Fund

Date Last Updated11/16/2012
Incentive TypeGrant; Loan
State/FederalPA
Incentive Administrator/Contact OfficeThe Community Foundation for the Alleghenies
Incentive Initiation Date1/1/2000
Incentive Size and Funding SourceFirstEnergy established the Penelec Sustainable Energy Fund in 2000. The Penelec loan and grant components of the fund have 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, but a limited number of grants are available each year for specific purposes. The funding amount varies by project, as does the maximum, but some types of projects are capped at $25,000.
Eligible RecipientCommercial, industrial and nonprofit entities, as well as schools and local government, in the Penelec Service Territory of FirstEnergy are eligible to apply. There are no residential funding opportunities.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaThis fund is used to promote the development and use of renewable energy and clean energy technologies, energy conservation and efficiency, sustainable energy businesses, and an improved environment in the company's service territories.
UtilityFirstEnergy
Application Form(s)Application (PDF) (2 pp, 87.5K)
Resource Website(s)

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