We have all heard the buzz about grant and other funding opportunities that were recently developed for energy-related projects; however, making sense of what programs are available, when they become available, which options apply to your project and how to apply for this funding can be challenging and confusing.
The initiative to develop grants, low interest loans, tax credits, renewable energy credits, alternative energy credits and direct stimulus funding for energy-related projects is a direct result of several factors including the PA Alternative Energy Portfolio Standards Act, House Bill 2200, and the Commonwealth’s Alternative Energy Investment Act, and both federal economic stimulus programs. All of these programs have unique requirements; and it is important to understand how they may apply to your project.
The first step is to identify your projects now and begin the planning process early in order to identify which funding opportunity may be right for you. Generally, energy-related incentives can fall into the following two categories:
Incentives for Energy Conservation Projects
These projects include energy studies and audits, equipment retrofit and architectural and engineered efficiency improvements. Funding is currently available through the USDA and Pennsylvania. The Economic Stabilization Act of 2008 provides some limited additional funding for energy conservation projects, which should become available this year.
Incentives for Alternative Energy Technology or Generation Projects
These projects include solar, wind, geothermal and biomass, and a variety of other alternative energy sources and applications. DEP funding is currently available through PEDA grants and energy harvest grants and other state grant, loan, and tax credit programs.
Barton Associates is well versed in energy conservation and alternative energy projects from the early planning, audit, and study phases through implementation and construction. We have recently teamed with the law firm Stock & Leader, LLP to help identify funding and incentive opportunities available for our clients.
If you would like more information or have any questions about the changes occurring in Pennsylvania’s energy landscape, please feel free to contact Michael Rader, PE at email@example.com or (717) 845-7654.