Incentive Type:
State Loan Program
State:
Pennsylvania
Eligible Efficiency Technologies:
Lighting, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Motors, Processing and Manufacturing Equipment, Custom/Others pending approval
Eligible Renewable/Other Technologies:
Not specified, but must meet general project eligibility criteria
Applicable Sectors:
Commercial, (no more than 100 full-time employees)
Amount:
Up to 75% of total eligible project cost
Maximum Amount:
$100,000
Terms:
2% fixed interest; Maximum loan term of 10 years
Web Site:
http://www.depweb.state.pa.us/
enintech/cwp/view.asp?a=1413&q=503114
Summary:
The Pollution Prevention Assistance Account (PPAA) offers low-interest loans to help small businesses (100 full-time employees or less) located within the state implement energy efficiency and pollution prevention projects. Loans may be issued for 75% of project costs up to $100,000m, with terms of up to 10 years. The program is only available to qualifying businesses that adopt or install pollution prevention or energy efficient equipment or processes that reduce or reuse raw materials on-site, reduce the production of waste, or significantly reduce energy consumption and are directly related to the business activity. Renewable energy systems are eligible for loans under this program if they meet the project eligibility criteria. A list of potential eligible projects is provided in the program guidelines.
The program is administered by the PA Department of Environmental Protection and the PA Department of Community and Economic Development. Since the program’s inception in 1999, DEP has received 186 loan applications totaling more than $9.3 million. In order to qualify, the project must have a payback that is less than or equal to the loan term, and the expected benefits must extend past the term of the loan. Applications are available at the program website above.
Contact:
Gene DelVecchio
Pennsylvania Department of Environmental Protection
Office of Energy and Technology Deployment
Rachel Carson State Office Building
400 Market Street, 15th Floor
Harrisburg, PA 17105-8772
Phone: (717) 783-8411
Phone 2: (800) 379-7448
Fax: (717) 783-2703
E-Mail: gdelvecchi@state.pa.us
Web Site: http://www.depweb.state.pa.us
