DCED – Solar Energy Incentives Program

DCED – Solar Energy Incentives Program;
State: Pennsylvania

  • Incentive Type: Industry Recruitment/Support
  • Eligible Renewable/Other Technologies: Solar Water Heat, Solar Thermal Process Heat, Photovoltaics
  • Applicable Sectors:Commercial, Industrial, Nonprofit, Schools, Local Government
  • Amount:Varies by project, but program generally requires amtching funds at least equivalent to funding
  • Maximum Incenative: Manufacturer loans: $35,000 per job created within 3 years
  • Manufacturer grants: $5,000 per job created within 3 years
  • Loans for distribution projects: Lesser of $5 million or $2.25/watt
  • Loans for solar thermal projects or R&D facilities: $5 million
  • Grants for distribution projects: Lesser of $1 million or $2.25/watt
  • Grants for solar thermal projects or R&D facilities: $1 million
  • Grants for feasibility studies: 50% of cost up to $175,000
  • Loan guarantee grants: Up to 75% of deficient funds up to $30 million
  • Terms:Loans at a fixed interest rate — 5% as of August 2010 — up to 10 years (equipment) or 15 years (real estate). Loan guarantee grants have a maximum term of 5 years
  • Funding Source: Alternative Energy Investment Fund (state issued bonds)
  • Program Budget: $80 Million
  • Program Start Date: April 2009
  • Web Site: http://www.newpa.com/find-and-apply-for-funding/funding-and-program-finder/funding-detail/index.aspx?progId=197

Contact:

Program Information – DCED Solar Energy Program
Department of Community and Economic Development
Center for Business Financing – Grants Division
Commonwealth Keystone Building
400 North Street, 4th Floor
Harrisburg , PA 17120-0225
Phone: (717) 787-7120
Fax: (717) 772-3581
E-Mail: ra-dcedcbf@state.pa.us
Web Site: http://www.newpa.com/index.aspx