State grant, loan program to fund alternative, renewable energy projects
Alternative and renewable energy projects in Pennsylvania got a boost this week thanks to $12.5 million in grants and loans from a state financing authority.
The Pennsylvania Energy Development Authority, an independent public financing authority created in 1982, will offer the money for such projects, along with projects that use technologies such as solar energy, wind, hydropower and biomass.
“This funding is an opportunity for companies, municipalities, schools and organizations to deploy alternative energy projects or construct new facilities related to alternative fuels,” Gov. Tom Corbett said in a news release announcing the program. “Such projects further our goal to develop a diverse and robust energy sector here in Pennsylvania, in a manner that protects our environment and uses our resources smartly and efficiently.”
Those eligible to apply include public or private corporations, partnerships and limited liability companies; nonprofit corporations; Pennsylvania schools, colleges and universities; any Pennsylvania municipality; and associations and other legal business entities, according to the release.
The grants and loans are competitive. PEDA said it expects to award about $10 million specifically for alternative and renewable energy projects. Funding also is available for clean alternative fuels, alternative energy manufacturing and alternative energy research.
The projects must occur in Pennsylvania and not break any laws.
A webinar on the topic will be held from 2 to 3 p.m. June 24. Register at the PEDA website.
Applications are due by 4 p.m. Aug. 15 and must be submitted online using the state’s eGrants system. Grants will be awarded in the fall.