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Name |
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Pennsylvania GPU Energy: Sustainable Energy Fund |
Status |
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Active |
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Funding Mechanism |
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Loan fund |
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Duration |
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2000 - present |
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Objectives |
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Promote renewable/clean energy and energy efficiency and conservation |
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Sponsors |
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Eligible Sectors |
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Open to anyone |
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Eligible Projects/Technologies |
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Fund Endowment |
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US$ 12 Million from deregulation lawsuit. |
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Terms |
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-Funding Instruments |
Loans/grants |
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-Interest Rates |
Depends on type of project/equipment – 2 to 5% to date. |
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-Payback |
Depends on project 7-10 years to date. |
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-Size |
Commercial $25,000-$500,000 and Residential $1,000 to $6,000 |
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-Collateral |
Depends on borrower |
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-Share of loan in project cost |
Up to 100% |
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-Loan criteria |
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Comments |
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In 2010, the fund will receive .01cents/per customer from the utility to supplement the fund (pending). Grants are provided for educational projects and feasibility studies. |
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Sources |
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| Contact Information |
Richard Mappin richardm@bccf.org |
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