Pennsylvania Incentivizes Wind and Geothermal Technology and Projects, Including the Creation of Green Collar Jobs
January 28, 2009
Types : Alerts
On January 26, 2009, Pennsylvania unveiled the details for the Renewable Energy Program (the “Program”). The Program, which focuses on wind and geothermal energy, will make $25 million available in grants and loans for renewable energy component manufacturing and geothermal and wind energy projects. Businesses, economic development organizations, and political subdivisions such as municipalities and school districts can apply.
Incentives for renewable energy component manufacturers include loans of up to $35,000 for each new job they will create within 3 years and grants of up to $5,000 for each new job. Geothermal and wind projects can receive loans up to $5 million and grants up to $1 million. The Program also offers grants to secure financing through a guarantee.
Eligible geothermal projects “include closed loop geothermal heat pump systems [using] the ground, ground water and underground mine water as an energy source.” Eligible wind energy projects include wind-generated energy production and distribution facilities as well as facilities used to manufacture wind turbines and other energy equipment.
In addition to possible loan and grant funding from the state, some renewable energy projects may be eligible for a federal tax deduction.
If you would like to learn more about the Program or other incentives, or obtain assistance in applying for grant funds, please contact Tricia Sadd at 215-772-7697 or tsadd@mmwr.com.