Alternative Energy Funding

Citing the urgent need to cut energy costs, move toward energy independence and stimulate the economy, Pennsylvania is investing $650 million to accelerate PA's leadership by significantly expanding the alternative fuel, clean energy and efficiency sectors.

Of the $650 million fund, approximately $335 million will be managed through the Department of Community and Economic Development (DCED) and will focus on investing in infrastructure, economic development projects, alternative energy companies and early-stage activities that will create thousands of jobs in a rapidly growing industry.

The programs administered through the Commonwealth Financing Authority (CFA) will focus on business assistance:

- Provide loans and grants to companies (and where eligible, non-profit economic development organizations and political   subdivisions) for:

   1. Clean and alternative energy projects including buildings, equipment and land development activities

   2. High performance energy efficient small business building projects (Program is open and guidelines are now available under Important Resources)

   3. Geothermal and wind energy projects (Program is open and guidelines are now available under Important Resources)

   4. Alternative energy production projects involving solar technologies

In addition, the long-standing and well-known Ben Franklin Technology Partners will provide assistance for energy related investments to support early stage activities including management support, translational research, incubator support services and company investment.

If you are interested in learning more about residential or consumer energy intiatives, please click here to be directed to the Department of Environmental Protection Web site and the programs of DEP.