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Find Funding and An Installer

  • Knowing where to find financing is one of the most important elements of developing a renewable energy project. Financing for a renewable energy improvement or to add it to new construction is similar to financing any other home improvement or capital project. However, there are some important differences, challenges, and resources you should be aware of. These systems are generally not cheap and typically you will need to make a significant investment on your own plus have some help from incentives to make it pay. Below we have included some financial opportunities that may be available to you. Installers should also be knowledgeable of available opportunities related to your project.

  • Federal Resources

    Rural Energy for America Program (REAP)
    Administered by USDA—Rural Development

    The Rural Energy for America Program (REAP) provides assistance to agricultural producers and rural small businesses to complete a variety of projects. Offering both loan guarantees and grants, REAP helps eligible applicants install renewable energy systems, make energy efficiency improvements, and conduct energy audits and feasibility studies.

    REAP Website

     
    EQIP On-Farm Energy Initiative
    This program, through the UDSA NRCS, provides funding for an energy audit (Agricultural Energy Management Plan, or AgEMP) or energy efficiency improvements on the farm.

    EQIP Website

    Appalachian Regional Commission (ARC)

    ARC, a joint program of federal, state, and local governments in the Appalachians, provides a range of assistance to help communities develop clean energy programs, a well as support to help new energy businesses expand and create local jobs.

    ARC Website

     

    Federal Tax Credit
    Administrated by the US Internal Revenue Service, Environmental Protection Agency and Department of Energy

    This program allows a tax credit on fuel cells, small wind turbines, geothermal heat pumps, solar water heaters and photovoltaic systems through 2021 (with a gradual step down from 30% to 26% to 22% between 2019 and 2021, before being phased out completely). Homes, businesses, farms, industrial facilities and other organizations may qualify.
    Residential Website
    Business Website

     

    Modified Accelerated Cost-Recovery System (MACRS)

    This tax strategy can be used by businesses to recover the cost of various renewable energy technologies.

    State Resources

    Alternative and Clean Energy Program (ACE)
    Administered by the Commonwealth Financing Authority - Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP)

    The Alternative and Clean Energy Program provides financial assistance in the form of grant and loan funds that will be used by eligible applicants for the utilization, development and construction of alternative and clean energy projects in PA.

    ACE Website

     

    Pennsylvania Energy Development Authority (PEDA)

    The authority finances advanced energy projects in Pennsylvania through grants, loans, and loan guarantees.

    PEDA Website

     

    PA DEP Small Business Advantage Grant 
    This program offers a 50% match of up to $7,000 to enable Pennsylvania small businesses to purchase energy efficient or pollution prevention equipment, or adopt waste reduction processes.

    PA DEP Website


    Commercial Property Assessed Clean Energy (C-PACE)

    Commercial and agricultural property owners may develop a clean energy project and secure a capital provider to finance the project (including equipment, labor and soft costs). A low-cost, long-term loan payment that repays the costs of the upgrades is added to the property tax bill and collected as an assessment by the county/municipality. Available in participating locations.

    PA C-PACE

    Utility/Utility Related Resources

    ACT 129 and other energy efficiency/conservation initiatives 
    Many electric utilities offer rebates and other incentives to reduce electricity consumption and peak demand.

     

    Sustainable Energy Funds (SEF)
    Created through the restructuring of electric companies, these funds promote sustainability and renewable energy in PA.

    Metropolitan Edison Region Sustainable Energy Fund, Administered by the Berks County Community Foundation
    Penelec Region Sustainable Energy Fund, Administered by the Community Foundation for the Alleghenies
    Met-Ed/Penelec SEF Website

    Sustainable Development Fund, Administered by The Reinvestment Fund
    TRF SEF Website

    West Penn Power Sustainable Energy Fund
    WPPSEF Website

    Sustainable Energy Fund of Central Eastern Pennsylvania
    SEF Website

    Other Sources

    Database of State Incentives for Renewables and Efficiency (DSIRE)
    Maintained by the Carolina Clean Energy Technology Center
    Funded through the U.S. Department of Energy

    DSIRE is a comprehensive source of information on state, federal, local, and utility incentives and policies.

    DSIRE Website

  • Find an installer for your project. We encourage you to take your time and explore your options. Get several quotes and make a comparison.

    SFU IFE Renewable Energy Business Directory

    Sustainable Energy Fund's Energy Service Providers List

    Good luck with your project!

  • REACH Logo REACH Supporters


    Disclaimer: Information provided for reference purposes only and may be out of date/incomplete. Use at your own risk.