A new program has been unveiled by the Commonwealth of Pennsylvania to direct $25 million worth of funding to promote energy independence, Rep. Chris Ross (R- Chester) announced today.
The program, which is known as the Renewable Energy Program, was established to support wind and geothermal projects in Pennsylvania and offers incentives for companies to manufacture such technologies.
Eligible geothermal systems include heat pumps that use the ground, groundwater and underground mine water as energy sources. Wind systems that qualify for assistance through this program include facilities that produce or distribute wind-generated energy as well as manufacturing facilities for wind turbines and other wind energy components.
Companies that manufacture components for renewable energy generation equipment may receive 10-year loans of up to $35,000 for every new job that is expected to be created within three years after approval. Grants of up to $5,000 are also available for each new job that will be created.
Eligible applicants include: businesses, economic development organizations and political subdivisions, including school districts. The maximum loan amount for a geothermal system or wind-energy project shall not exceed $5 million.
According to the Departments of Community and Economic Development (DCED) and Environmental Protection (DEP), which jointly administer the new program, evidence of at least $1 in matching funds must be provided by the receiving entity.
For more information regarding the Renewable Energy Program, such as an application or a full listing of eligibility requirements, individuals can visit Ross’ Web site at www.Rep.Ross.com
Rep. Chris Ross
158th District
Pennsylvania House of Representatives
(610) 925-0555
(717) 783-1574
House Republican Public Relations
(717) 787-3407
Caucus Site: PAHouseGOP.com