WPPSEF intends to initiate loan programs in conjunction with other agencies and intermediaries to ensure an adequate flow of financing proposals for consideration. *In March 2010 Congress enacted H.R. Summary of Pennsylvainia Incentive Programs •Federal Tax Credit 30% These grants are limited to 25% of a proposed project's cost, and a loan guarantee may not exceed $25 million. Incentives are available to both in-state small businesses (100 or fewer total employees) and individuals for the construction or major renovation of homes or commercial buildings. 5771, Sec. The tax credit may be taken quarterly to offset the tax liability of the bondholder. 1), enacted in February 2009. For Pennsylvania, there are two tiers within this RPS. The applicant must provide evidence of a commitment of matching investment of at least $1 for every $3 of program funds awarded by the CFA. For all types of support, there is a general requirement that applicants provide matching funds equivalent to the funding offered under the program. Section 1703 of Title XVII of the Energy Policy Act (EPAct) of 2005 created the Department of Energy's (DOE's) Loan Guarantee Program. ENERGY STAR Partnership for Lenders In order to be eligible for incentives, new construction and major renovation projects must achieve the applicable Gold certification under USGBC LEED or the National Green Building Standard, or at least 3 Globes under the GBI Green Globes system. The federal Business Energy Investment Tax Credit (ITC) has been amended a number of times, most recently in February 2018. Projects that improve the environment in the Met-Ed service territory, as defined by their relationship to the company's transmission and distribution facilities. All of Pennsylvania can take advantage of the 26% Business includes any corporation, partnership, sole proprietorship, limited liability company, or any entity approved by the Commonwealth Financing Authority. Eligible dwelling units include houses, apartments, condominiums, mobile homes, boats and similar properties. New and existing owner-occupied homes of up to two units qualify for this loan. Commercial entities may also be considered where a limited amount of grant making is coupled with financing. Taxpayers considering using this provision for a renewable energy system should discuss the details of the project with a tax professional.

Funds may be used for the following project costs: The individual support mechanisms are described in more detail below. The tax credit does not apply to solar water-heating property for swimming pools or hot tubs. This unsecured consumer loan is intended for smaller projects (e.g., insulation, air and duct sealing, water heating, replacing heating and cooling equipment, etc.). The term includes federal, state and local government entities. The state of Pennsylvania offers many incentives for converting to solar energy. Enter the relevant form, publication name or number, and click "GO" to receive the requested form or publication. For more than 15 years, SolarInsure has provided advanced risk management policies for growing alternative energy companies. The following types of projects are currently eligible for grants: Note: The Bipartisan Budget Act of 2018, signed in February 2018, reinstated the tax credit for fuel cells, small wind, and geothermal heat pumps. Proc. The combined amount of a grant and loan guarantee must be at least $5,000 (with the grant portion at least $1,500) and may not exceed 75% of the project’s cost. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The program provides financial assistance, technical assistance, and education and training to tribes for the evaluation and development of renewable energy resources and energy efficiency measures. The fund is designed to promote: To apply to the fund, applicants should present a Letter of Intent explaining the core technology, management team, market opportunities, and company operations for further evaluation by Community Foundation staffs. beginning construction of roads integral to the activity performed by the facility including onsite roads used for moving materials to be processed (e.g., biomass) and roads for equipment to operate and maintain the facility. The two types of PowerSaver 203(k) loans are Standard and Streamlined. Acquisition of land and buildings, rights-of-way, and easements necessary for project construction, Clearing and preparation of land to build an eligible project, Construction or renovation of a high performance building, Project planning, design, and modeling work, Fees for registration and certification of a project, Commissioning and enhanced verification of building performance, Administrative costs of the applicant to administer a grant. Moving forward, only solar systems installed in Pennsylvania can sell their credits into the state market. In April 2010 the IRS issued Notice 2010-35 providing guidance on the direct payment option. The GATS issues SAECs to correspond with energy generation readings that the system owner uploads to the system. The projects should be aligned with WPPSEF's mission and should benefit the West Penn Power ratepayers. FHA Energy Efficient Mortgages 115% of the median area price of a single-family dwelling, or, 150% of the Freddie Mac conforming loan limit, 30% for systems placed in service by 12/31/2019, 26% for systems placed in service after 12/31/2019 and before 01/01/2021. These funds typically will be distributed as loans or equity investments, but a limited number of grants are available each year for specific purposes. Grants and Guaranteed Loans are generally available to small businesses and agricultural producers and other entities as determined by USDA. Homebuyers should submit applications to their local HUD Field Office through an FHA-approved lending institution.

PowerSaver Title I participating lenders, markets, and contact information is available here. As with the other components of Pennsylvania's AEPS, the percentage requirement ramps up slowly over time. The state also renewed its residential and business solar tax credit programs through Dec. 31, 2016. Loans Click here for more details. The Community Foundation for the Alleghenies in Johnstown, Pennsylvania administers the Penelec loan and grant components of the Fund, which has assets of approximately $9.1 million. In many other states the term "solar renewable energy certificate" or "SREC" is used to represent the functional equivalent (i.e., a means of compliance with a solar energy standard) of an SAEC in Pennsylvania. Guidance from the IRS on this option was issued in April 2010 under Notice 2010-35. Significantly, the American Recovery and Reinvestment Act of 2009 repealed a previous restriction on the use of the credit for eligible projects also supported by "subsidized energy financing." 2847 and IRS Notice 2010-35 for details). Acquisition of land and buildings, right-of-way, and easements necessary for the project. (please see the full text of these notices for complete information on determining the commencing of construction). Eligible project costs include purchasing energy efficiency improvements or a renewable energy system, energy audits or assessments, permitting and licensing fees, and business plans and retrofitting. Wind facilities making such an election will have the ITC amount reduced by the same phase-down specified above for facilities commencing construction in 2017, 2018, or 2019. Renewable energy projects for the Renewable Energy Systems and Energy Efficiency Improvement Guaranteed Loan and Grant Program include wind, solar, biomass and geothermal, and hydrogen derived from biomass or water using wind, solar, or geothermal energy sources. Managed by NCSU. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. The 2014 Farm Bill reauthorized the USDA to offer these programs and removed the mandate to offer grants for feasibility studies. Included in this legislation was a provision authorizing the creation of a $25 million grant and loan program for high performance buildings. In addition to these mandatory funding levels, up to $25 million in discretionary funding may be issued each year. This section was further expanded in October 2008 by the addition of geothermal heat pumps, combined heat and power, and small wind under The Energy Improvement and Extension Act of 2008.

Federal Tax Credit, which will allow you to recoup 26% of The Energy Improvement and Extension Act of 2008 (Div.