Funding Available for Solar Energy Projects
Townships that want to install solar energy generating equipment may apply for loans from the Commonwealth Financing Authority (CFA) under the Solar Energy Program. The deadline for applications is May 12.
The program is jointly administered by the CFA and state Departments of Environmental Protection (DEP) and Community and Economic Development (DCED). Eligible projects include facilities to generate, distribute, or store solar photovoltaic energy. The maximum loan may not exceed $5 million or $3 per watt, whichever is less. There is a match requirement of $1 for every $3 awarded and a $100 non-refundable application fee.
For more information, call DCED’s Center for Business Financing at (717) 787-6245 or click here.