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Pennsylvania — state programat least $5,000; below-market interest rates (as low as 0% with MORE Grant buydown); repayment terms of up to 7 years or the end of a project's useful life
A revolving loan fund to help local governments achieve energy efficiency projects of any size. Loans must be at least $5,000 with repayment terms of up to 7 years or the end of a project's useful life, offered at below-market interest rates. MORE Grant recipients can buy down their interest rate to as low as 0%. Eligible uses include energy efficiency upgrades, building retrofits, and on-site renewable energy generation projects.
Program details
- Type
- loan
- Amount
- at least $5,000; below-market interest rates (as low as 0% with MORE Grant buydown); repayment terms of up to 7 years or the end of a project's useful life
- Eligibility
- Pennsylvania local governments that were not eligible for an Energy Efficiency & Conservation Block Grant (EECBG) from the U.S. Department of Energy (DOE), including Counties, Cities, Boroughs, Towns, Townships, and Municipal Authorities. Borrowers must have a level 2 commercial energy audit and energy conservation measure project design/scope to apply.
- Status
- open
- Administrator
- Pennsylvania Energy Development Authority (PEDA)
Source: Pennsylvania — state program. Confirm current terms with the administering agency before applying.