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Alternative and Clean Energy Program (ACE) – Loan
Pennsylvania — state programLoans for manufacturers of alternative and/or clean energy generation equipment or components shall not exceed $40,000 for every new job created within three years after approval of the loan. Loans for any alternative energy production or clean energy project shall not exceed $5 million or 50 percen
Provides loan funding for the utilization, development, and construction of alternative and clean energy projects in Pennsylvania, including infrastructure for CNG/LNG fueling stations and energy efficiency/conservation projects. Loans for manufacturers of alternative/clean energy equipment are capped per new job created; loans for energy production/clean energy projects are capped at $5 million or 50% of total project cost.
Program details
- Type
- loan
- Amount
- Loans for manufacturers of alternative and/or clean energy generation equipment or components shall not exceed $40,000 for every new job created within three years after approval of the loan. Loans for any alternative energy production or clean energy project shall not exceed $5 million or 50 percen
- Eligibility
- Businesses, economic development organizations, political subdivisions (includes municipalities, counties and school districts)
- Status
- open
- Administrator
- Commonwealth Financing Authority (CFA), administered jointly by DCED and DEP
Source: Pennsylvania — state program. Confirm current terms with the administering agency before applying.