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Combined Heat and Power Partnership

Sustainable Energy Fund (SEF) Loan Program (PPL Territory)

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated11/16/2012
Incentive TypeLoan
State/FederalPA; NJ
Incentive Administrator/Contact OfficeSustainable Energy Fund Financing Programs
Incentive Initiation Date11/1/1999
Incentive Size and Funding SourceThe SEF was founded as a result of the Pennsylvania Public Utility Commission electric utility restructuring proceedings. The fund has collected slightly more than $25 million since opening through a rate surcharge on PPL ratepayers. The surcharge expired and was not renewed at the end of 2006. Financial incentives are offered as loans to promote clean energy technologies and for projects where energy savings are measurable. Loan amounts vary by project, but may provide up to 100% of financing needs. Other financing benefits include subordinate lien positions, interest only payment periods, payments sized to energy savings and no prepayment penalty. Minimum funding is $35,000 direct or $10,000 through an Energy Services Provider (ESP). The maximum loan is $1 million. Financing terms are customized to the unique requirements of individual projects.
Eligible RecipientSEF provides flexible, high-quality financing for economically viable energy efficiency and renewable energy projects for non-profits, local and state governments, and businesses of all sizes located in PPL's territory in Pennsylvania and New Jersey.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaThe SEF promotes and invests in energy efficiency and renewable energy projects, as well as energy education initiatives. Eligible clean technology applications include energy efficiency, renewable energy, green building and clean transportation.
UtilityPPL Electric Utilities Corporation
Application Form(s)Sustainable Energy Fund Finance Application (PDF) (2 pp, 493K)
Resource Website(s)

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