FirstEnergy (formerly GPU) established the Metropolitan Edison Company (Met-Ed) Sustainable Energy Fund in 2000 with an initial contribution of $5.7 million. The fund later received an additional contribution of $2.5 million as a result of the merger between GPU Energy and FirstEnergy, bringing the total to $8.2 million. The fund is administered by the Berks County Community Foundation. The majority of funding available from the Metropolitan Edison Company SEF takes the form of investments made in businesses pursuing one or more of the fund's objectives. These funds typically will be distributed as loans or equity investments, but a limited number of grants are available each year for specific purposes.
The fund has since joined and share an advising committee with the Pennsylvania Electric Company Sustainable Energy Fund. They are commonly referred to as Met-Ed/ Penelec Sustainable Energy Fund.
Since inception, the Met-Ed/Penelec SEF has approved 213 grants totaling $4,139,373; 47 loans totaling $24,488,724; and 3 equity investments totaling $1,600,000.
Grant Opportunities include:
The Met-Ed / Penelec Sustainable Energy Fund provides grants, loans, and equity investments to promote:
Examples of projects funded in the past are available on the program web site, along with details of the grant guidelines.
|Incentive Type:||Grant Program|
|Administrator:||Berks County Community Foundation|
|Eligible Renewable/Other Technologies:||
|Incentive Amount:||Varies according to project|
|Maximum Incentive:||Varies; $25,000 for some types of projects|
|Technologies:||Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Municipal Solid Waste, Combined Heat & Power, Fuel Cells using Non-Renewable Fuels, Landfill Gas, Yes; specific technologies not identified, Wind (Small), Fuel Cells using Renewable Fuels|
|Sectors:||Commercial, Industrial, Local Government, Nonprofit, Schools|
|Parameters:||The incentive has a minimum of $25000.00|
|Name:||Berks County Community Foundation|
|Organization:||Berks County Community Foundation|
237 Court St.
Reading PA 19601
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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