Pennsylvania will use its Recovery Act SEP funding to provide grants and other support for energy efficiency and conservation efforts with the goal of reducing dependence on fossil fuels and stimulating growth in renewable sectors.
Pennsylvania Green Energy Works! will offer grants to businesses, non-profit organizations, universities, local governments, and utilities to deploy shovel-ready efficient, environmentally sustainable, and economically worthwhile energy projects across the state. Over a longer time horizon, Pennsylvania will continue to fund advanced energy projects, tailoring programs to specific economic sectors. For example, the Pennsylvania Energy Development Authority will continue to serve business needs, while the Pennsylvania Energy Harvest will support schools, nonprofits, and local governments across the state in the project areas of bio-energy, solar, and geothermal.
Pennsylvania will also establish a Green Development Loan Program, a revolving loan fund that will provide clean energy and energy efficiency financing for facilities projects, resource efficiency measures, and advanced and renewable clean energy technologies. In addition to originating loans and leveraging private capital, this fund will make outright awards to cover the costs of project feasibility studies, energy audits, or project design, which can often present significant barriers to sustainable development investments.