Pennsylvania has announced the availability of loans and grants to promote the use of solar energy in the Commonwealth. Businesses, economic development agencies, and political subdivisions (including municipalities, counties, and school districts), are eligible to receive these grants and loans. The funding is provided though Pennsylvania’s Solar Energy Program (“SEP”) and is administered jointly by the Department of Environmental Protection and the Department of Community and Economic Development, all under the direction of the Commonwealth Financing Authority.
Grants are available for solar energy generation or distribution projects for up to $1 million or $1.50 per watt, whichever is less. Loans for such projects are available for up to $5 million or $3.00 per watt, whichever is less. There is a matching investment requirement of at least $1 for every $1 dollar of an awarded grant, and at least $1 for every $3 of an awarded loan.
Attorneys with Stock and Leader’s Environment, Energy, and Environmental Mediation Group are available to assist clients interested in seeking these loans and grants.